Question: QUESTION 2 A new product is needed for Rad's Engineering Company. If the product is made from Iron, it would cost $85.000 and lasts long.

QUESTION 2 A new product is needed for Rad's Engineering Company. If the product is made from Iron, it would cost $85.000 and lasts long. Using plastic costs $70,000 but it has a 40% chance of breaking, Repair of the old product costs $40,000 and woud last long. Which option minimizes the cost

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