A firm is making production plans for next quarter, but the manager does not know what the price of the product will be next month. She believes there is a 30 percent chance price will be $500 and a 70 percent chance price will be $750. The four possible profit outcomes are:
-Option ____ is the riskier of the two options.

Question

Quizplus · Accepted Answer

The Answer of A firm is making production plans for next quarter, but the manager does not know what the price of the product will be next month. She believes there is a 30 percent chance price will be $500 and a 70 percent chance price will be $750. The four possible profit outcomes are:
-Option ____ is the riskier of the two options.

A Firm Is Making Production Plans for Next Quarter, but the Manager