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) Consider you are engaging in an economic activity with three (3) possible financial payoffs: $600, $250, and $40 with equal probability of occurring. Compute

) Consider you are engaging in an economic activity with three (3) possible financial payoffs: $600, $250, and $40 with equal probability of occurring. Compute the expected value of the activity. Would you decide to undertake this activity if it costs $200? Explain your reasoning

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