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The local operations manager for the CRA must decide whether to hire 1 , 2 , or 3 temporary workers. He estimates that net revenues
The local operations manager for the CRA must decide whether to hire or temporary workers. He estimates that net revenues in thousands of dollars will vary with how well taxpayers comply with the new tax code. If he thinks the chances of low, medium, and high compliance are and respectively, what is his expected value of perfect information?
# of workers
low compliance
medium compliance
high compliance
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