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Indy offers Cheng the opportunity to purchase a lottery ticket that gives him the chance to win f.100 with a 25% probability, f10 with a

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Indy offers Cheng the opportunity to purchase a lottery ticket that gives him the chance to win f.100 with a 25% probability, f10 with a 50% probability and 60 with a 25% probability. If Cheng is an expected utility maximizer with risk neutral preferences, what is the maximum he will be willing to pay for this lottery ticket? O A. E20 O B. E30 O C. E25 O D. $50

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