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Business, 14.12.2019 00:31 j4ckd4ws

Suppose that you have an option to hire a consultant who has the ability to predict the future with 100 percent accuracy. using the consultant's reliable recommendations, you found that the expected value with perfect information is equal to $200. without the consultant's insights you determined the emv to be equal to $175. would you pay the consultant $30 for her service? why or why not? 0

a. yes, because evp1 is $30.
b. no, because evpi is $30.
c. yes, because expected value with perfect information is higher than the consultant's fee.
d. no, because evpi is $25, which is less than the consultant's fee of $30

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