A farmer in Wicklow must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill will passes or not. The profit the farmer will realize from each crop, given the two possible results on the trade bill, is shown in the following payoff table:

Crop

Com

Peanut

Soybean

Pass

$35000

18000

22000

Under which criteria Peanut is the best crop to plant.

Trade bill

Fail

$ 8.000

12000

20000

Founded 1010 Que X N. SOI X 9 Do X Car X & WE X T Exa x|Mi Inb X|M Res X C Hol X D21 Sul X loads/CA-1_BDM_24%20.pdf 1 2 100% + better information about future market conditions. Question 2 (20 marks) A farmer in Wicklow must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill will passes or not. The profit the farmer will realize from each crop, given the two possible results on the trade bill, is shown in the following payoff table: Trade bill Crop Pass Fail Corn $35000 $ 8,000 Peanut 18000 12000 Soybean 22000 20000 Under which criteria Peanut is the best crop to plant. Question 3 (40 marks) Candice is a machine shop owner in the first question 2 is considering hiring a consultant to other the will ant the government at is a former office