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Managerial economics Analytical problems 1. The firm identified the following payoff matrix for 5 potential investment projects. Choose the best investment opportunity using MINIMAX regret

Managerial economics
Analytical problems 1. The firm identified the following payoff matrix for 5 potential investment projects. Choose the best investment opportunity using MINIMAX regret criterion. (5) State of the economy: Recession Normal Boom Project 1 81 88 95 Project 2 56 76 111 Project 3 77 89 103 Project 4 60 110 137 Project 5 37 81 145

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