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An investor has the opportunity to invest in a project that has a 50% chance of being successful and paying $1,000, or a 50% chance

An investor has the opportunity to invest in a project that has a 50% chance of being successful and paying $1,000, or a 50% chance of paying nothing. The investor decides to invest $25. Which of the following statements is TRUE?

Select one or more: a. If a success, the investor's utility of wealth is $25. b. The investor is risk averse. c. The expected payoff is $1,000. d. If a success, the investor's utility of wealth is $50.

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