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Question 1 2 pts You are a t-shirt designer and have a new design you are excited about. Another company offers to buy your design

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Question 1 2 pts You are a t-shirt designer and have a new design you are excited about. Another company offers to buy your design for $5.000. Or you could produce and sell your own t-shirts with this new design. You estimate you have a 30% chance your t-shirt is a huge success, a 20% chance of your t-shirt is marginally liked and cams gross revenues of $5.500, and a 50% chance your t-shirt is a fallure and earns gross revenue of $750, If your t-shirt is a huge success, there is a 55% chance it will cam gross revenues of $20,000, a 20% chance it will earn gross revenues of $25,000 and a 25% chance it will eam gross revenues of $30,000. The cost to produce the t-shirts yourself is $3,500 Assume you make decisions using expected value and you make the optimal decision. What is your expected earnings lin ) from your new t-shirt design ard

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