Multiple Choice
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 profit?
A) $2,000
B) $3,000
C) $4,000
D) $5,000
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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