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Daeho is indifferent between being given $175 with certainty and taking a gamble that gives him a 50% chance of winning $300 and a 50%

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Daeho is indifferent between being given $175 with certainty and taking a gamble that gives him a 50% chance of winning $300 and a 50% chance of winning $100. Daeho's situation reveals to us that: a) he is risk loving. b) he is risk neutral. c) his marginal utility of income increases as he gains income. d) he will pay a risk premium of $25 to avoid this gamble. e) he will give up the certain $175 to accept a gamble with a 50% chance of winning $200 and a 50% chance of winning 100

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