Question: 13. A person with natural logarithmic utility (ln function) has current net wealth of $50 and is also given a lottery ticket that pays $20

13. A person with natural logarithmic utility (ln function) has current net wealth of $50 and is also given a lottery ticket that pays $20 20% of the time and $0 80% of the time. What is the minimum price this person would accept to sell their lottery ticket?

A) $0, this person hates risk of any kind and will be happy to rid themselves of the uncertainty

B) $1.82

C) $3.71

D) $4.00

E) $4.64

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