Question: question below C C a W O 30 50 75 100 16) 8) The above figure shows Bob's utility function. He currently has $100 of

question below

question below C C a W O 30 50 75 100 16)

C C a W O 30 50 75 100 16) 8) The above figure shows Bob's utility function. He currently has $100 of wealth, but there is a 50% chance that it could all be stolen. What is the most Bob would pay for insurance that would replace his $100 should it be stolen? A) $70 B) $50 C) $30 D) $75

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