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Question (Category: Economics :General-Economics )
The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net revenues will vary with how well taxpayers comply with the new tax code. The probabilities of low, medium, and high compliance are 0.20, 0.30, and 0.50 respectively. What are the expected net revenues for the number of workers he will decide to hire? The following payoff table is given in thousands of dollars


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