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You have a utility function given as U ( W ) = W 0 . 4 where W is your wealth. Your starting wealth is

You have a utility function given as U(W)=W0.4 where W is your wealth. Your starting wealth is $200, and you have just been gifted a ticket that has a 1% chance of winning $50 and otherwise paying $0. How much would you sell your ticket for?
A)5 Dollars
B)53.3 Cents
C)50 Cents
D)46.7 Cents
E)0, it's practically worthless since it will pay so infrequently.
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