Multiple Choice
Using the following:
The manager's utility function for profit is U = 50 , where is the dollar amount of profit. The manager is considering a risky decision with the four possible profit outcomes shown below. The manager makes the following subjective assessments about the probability of each profit outcome:
-What is the expected utility of profit?
A) -2,500
B) 5,000
C) 15,000
D) 30,000
E) 100,000
Correct Answer:

Verified
Correct Answer:
Verified
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