Multiple Choice
A firm's expected profit without information is $50,000,while its expected value with test information is $75,000.If the cost of the test is $40,000,then the expected value of information [EVI] is _____.
A) $85,000
B) $35,000
C) $25,000
D) $10,000
E) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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