Question: Your factory has an old machine which is currently producing excessive bad parts. You have to decide whether to buy a new machine, fix the
Your factory has an old machine which is currently producing excessive bad parts. You have to decide whether to buy a new machine, fix the machine or to do nothing. Each of your choices has financial consequences. The market is a big concern and your market analysts predicted a chance that the market will rise and a chance that it will fall.
If you do nothing you will lose R if the market rises and make a profit of R if it falls. If you buy a new machine and the market rises you will make a profit of R but if the market falls you will lose R If you decide to fix the machine the profit will be R only if the market rises but you will lose R if it falls.Your factory has an old machine which is currently producing excessive bad parts. You have to decide whether to buy a new machine, fix the machine or to do nothing. Each of your choices has financial consequences. The market is a big concern and your market analysts predicted a chance that the market will rise and a chance that it will fall.
If you do nothing you will lose R if the market rises and make a profit of R if it falls. If you buy a new machine and the market rises you will make a profit of R but if the market falls you will lose R If you decide to fix the machine the profit will be R only if the market rises but you will lose R if it falls.Your factory has an old machine which is currently producing excessive bad parts. You have to decide whether to buy a new machine, fix the machine or to do nothing. Each of your choices has financial consequences. The market is a big concern and your market analysts predicted a chance that the market will rise and a chance that it will fall.
If you do nothing you will lose R if the market rises and make a profit of R if it falls. If you buy a new machine and the market rises you will make a profit of R but if the market falls you will lose R If you decide to fix the machine the profit will be R only if the market rises but you will lose R if it falls.
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