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:

-The marginal utility of an extra dollar of profit is __________.
A) 0.20
B) 0.30
C) 1.0
D) 10
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:
 
-The marginal utility of an extra dollar of profit is __________.
A) 0.20 
B) 0.30 
C) 1.0 
D) 10 
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:
 
-The marginal utility of an extra dollar of profit is __________.
A) 0.20 
B) 0.30 
C) 1.0 
D) 10 
E) none of the above

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