An Apple Farmer Must Decide How Many Apples to Harvest

An apple farmer must decide how many apples to harvest for the world apple market.He knows that there is a one-third probability that the world price will be $1, a one-third probability that it will be $1.5, and a one-third probability that it will be $2.His cost function is C(Q) = 0.01Q².The farmer's maximum expected profit is:

A) -7.75.
B) 0.
C) 7.75.
D) none of the statements associated with this question are correct.