Question: Please help me answer this question, thx Question 8 (7 points) Fan is an expected utility maximizer and thier utility function over money is given

Please help me answer this question, thx Question 8 (7 points)

Please help me answer this question, thx

Question 8 (7 points) Fan is an expected utility maximizer and thier utility function over money is given by u = x1/4 Fan has a car that might break down. If it breaks down it will be worth $200. If it doesn't break down it will be worth $1000. If the probability that the car breaks down is 25%, what is the expected value of Fan's car? O $800 $600 $850 $750 Not enough information to decide

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