The Manager's Utility Function for Profit Is U $\pi$ )= 10 Ln

Multiple Choice

The manager's utility function for profit is U $\pi$ ) = 10 ln $\pi$ ) ,where $\pi$ 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) $12,000
B) $13,000
C) $14,000
D) $15,000
E) none of the above