Multiple Choice
A farm owner has three possible hiring decisions.His profits depend on the growing season as shown below.If the probability of a good growing season is 0.75.If the farmer is risk averse, he would ________________________ .
A) hire migrant workers
B) hire teenagers
C) do not do any extra hiring
D) make the same decision as he would using the expected value approach
E) give up farming
Correct Answer:
Verified
Correct Answer:
Verified
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