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Consider the accompanying payoff table below. Demand Alternative Level 1 Level 2 Level 3 Level 4 A 500 500 500 500 B -200 1100 1100
Consider the accompanying payoff table below.
Demand | ||||
Alternative | Level 1 | Level 2 | Level 3 | Level 4 |
A | 500 | 500 | 500 | 500 |
B | -200 | 1100 | 1100 | 1100 |
C | -1200 | 200 | 1600 | 1600 |
D | -1800 | -600 | 700 | 2200 |
Which alternative is selected by the optimistic decision maker?
A. | Optimistic decision is: Alternative B with payoff of -1200 | |
B. | Optimistic decision is: Alternative D with payoff of 2200 | |
C. | Optimistic decision is: Alternative A, or B, or C, or D with payoff of 500 | |
D. | Optimistic decision is : Alternative C with payoff of 1600 |
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