The above figure shows Bob’s utility function. He currently has $50 an

The above figure shows Bob’s utility function. He currently has $50 and is considering an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. Bob will make the investment

A) if it costs less than $50.
B) if it costs less than $30.
C) if it is a fair game.
D) under no circumstances.

ANSWER

B