Question: Given this payoff table: *Payoff in $ thousands. a. Determine the range of P(1) for which each alternative would be best, treating the payoffs as

Given this payoff table: *Payoff in $ thousands. a. Determine the

Given this payoff table: *Payoff in $ thousands. a. Determine the range of P(1) for which each alternative would be best, treating the payoffs as profits. b. Answer part a treating the payoffs as costs

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