Use a Payoff Table or Decision Tree

Multiple Choice

Use a payoff table or decision tree.
-A farm owner in upstate New York who grows summer vegetables (e.g. tomatoes)
Must decide whether to employ additional pickers this season. If he does, he could hire
Either migrant workers or local teenagers who need summer employment. The migrant
Workers are more experienced, faster, but more expensive. Although the teenagers will
Work for less, they lack experience and tend to damage plants and produce. His profits
Depend on the growing season as shown below. Using the maximax approach, the farmer

A) would hire migrant workers if the growing season is good.
B) would hire teenagers.
C) would not do any extra hiring.
D) would hire migrant workers.
E) would not do any extra hiring if the growing season is good.