using the following:
The manager's utility function for profit is U(π ) = 50π , where π 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

Question

using the following:
The manager's utility function for profit is U(π ) = 50π , where π 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

Quizplus · Accepted Answer

The Answer of using the following:
The manager's utility function for profit is U(π ) = 50π , where π 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

Using the Following: The Manager's Utility Function for Profit Is U(π ) =