• The construction manager for PSH Capital Construction, Inc. must decide whether to build single family homes, apartments, or condominiums. This is not a product-mix problem, but an all-or-nothing decision. He will hire workers and rent equipment appropriate for one action only. He estimates annual profits will vary with population trends as follows:

Population Grows

Dwelling Type

Steady

Slowly

Rapidly

Single Family

$100,000

$90,000

$70,000

Apartments

$50,000

$170,000

$90,000

Condominiums

-$20,000

$100,000

$220,000

• If he uses the maximin criterion, which type of dwellings will he choose to build?
• Steady
• Condominiums
• Apartments
• Rapidly
• Single Family