Sunny Side Condominiums recently purchased land outside of Phoenix and is
Trying to decide the size complex it should build (large or small). The following payoff
Table (in thousands of dollars) considers three possible levels of demand. Using the
Maximax approach, Sunny Side should
A) Build a small complex
B) Build a large complex
C) Build a large complex with high demand
D) Build a small complex with low demand
E) Do not build any size complex

Question

Sunny Side Condominiums recently purchased land outside of Phoenix and is
Trying to decide the size complex it should build (large or small). The following payoff
Table (in thousands of dollars) considers three possible levels of demand. Using the
Maximax approach, Sunny Side should 
A) Build a small complex 
B) Build a large complex 
C) Build a large complex with high demand 
D) Build a small complex with low demand 
E) Do not build any size complex

Quizplus · Accepted Answer

The Answer of Sunny Side Condominiums recently purchased land outside of Phoenix and is
Trying to decide the size complex it should build (large or small). The following payoff
Table (in thousands of dollars) considers three possible levels of demand. Using the
Maximax approach, Sunny Side should 
A) Build a small complex 
B) Build a large complex 
C) Build a large complex with high demand 
D) Build a small complex with low demand 
E) Do not build any size complex

Sunny Side Condominiums Recently Purchased Land Outside of Phoenix and Is