Using the risking-seeking utility function compute and identify the optimal decision option for developing the new food processing. Payoff ($M) Utility A Utility B Utility C -12 0 0 0 -7 0.65 0.19 0.03 -3 0.8 0.33 0.06 0 0.85 0.44 0.15 6 0.94 0.67 0.2 10 0.97 0.81 0.35 15 1 1 1

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Question 2: Using the risking-seeking utility function compute and identify the optimal decision option for developing the new food processing.

Payoff ($M)

Utility A

Utility B

Utility C

-12

0

0

0

-7

0.65

0.19

0.03

-3

0.8

0.33

0.06

0

0.85

0.44

0.15

6

0.94

0.67

0.2

10

0.97

0.81

0.35

15

1

1

1

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