Question: Time Remaining: 01:30:55 Submit Test Test: Test 1 This Question: 2 pts 36 of 50 (35 complete) s Test 100 pts possi... Big Cure and

 Time Remaining: 01:30:55 Submit Test Test: Test 1 This Question: 2

Time Remaining: 01:30:55 Submit Test Test: Test 1 This Question: 2 pts 36 of 50 (35 complete) s Test 100 pts possi... Big Cure and Little Cure are both pharmaceutical companies. Big Cure presently has a potential "blockbuster" drug before the Food and Drug Administration (FDA) waiting for approval. If approved, Big Cure's blockbuster drug will produce $1 billion in net income for Big Cure. Little Cure has ten separate, less important drugs before the FDA waiting for approval. If approved, each of Little Cure's drugs would produce $100 million in net income for Little Cure. The probability of the FDA approving a drug is 50%. What is the expected payoff for Little Cure's ten drugs? at S What O A. $1 billion O B. $100 million O C. $500 million OD. $0

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