Suppose the manager of a firm has a utility function for profit U(π ) = 10 ln(π ), where π is the dollar amount of profit. The manager is considering a risky project with the following profit payoffs and probabilities:

- The expected profit is $_______________________.

Question

Suppose the manager of a firm has a utility function for profit U(π ) = 10 ln(π ), where π is the dollar amount of profit. The manager is considering a risky project with the following profit payoffs and probabilities:
 
-  The expected profit is $_______________________.

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The Answer of Suppose the manager of a firm has a utility function for profit U(π ) = 10 ln(π ), where π is the dollar amount of profit. The manager is considering a risky project with the following profit payoffs and probabilities:
 
-  The expected profit is $_______________________.

Suppose the Manager of a Firm Has a Utility Function