The Following Payoff Matrix Shows the Various Profit Outcomes for 3

Multiple Choice

The following payoff matrix shows the various profit outcomes for 3 projects,A,B,and C,under 2 possible states of nature: the product price is $10 or the product price is $20. Using the maximum expected value rule,the decision maker would choose

A) A.
B) B.
C) C.
D) impossible to tell from the information