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Prepare a Payoff Matrix
-A Clothing Manufacturer Must Decide Which $16,000\$ 16,000

Question 199

Multiple Choice

Prepare a payoff matrix
-A clothing manufacturer must decide which of two clothing lines to emphasize for the spring season, her usual line or a budget line. Her success with each line depends on the state of the economy next year. If she emphasizes the budget line, she will make a profit of $16,000\$ 16,000 if the economy is strong, a profit of $26,000\$ 26,000 if the economy is weak, and a profit of $19,000\$ 19,000 if the economy is in-between. If she emphasizes the usual line, she will make a profit of $38,000\$ 38,000 if the economy is strong, a profit of $10,000\$ 10,000 if the economy is weak, and a profit of $30,000\$ 30,000 if the economy is in-between. Prepare a payoff matrix.


A)  Prepare a payoff matrix -A clothing manufacturer must decide which of two clothing lines to emphasize for the spring season, her usual line or a budget line. Her success with each line depends on the state of the economy next year. If she emphasizes the budget line, she will make a profit of  \$ 16,000  if the economy is strong, a profit of  \$ 26,000  if the economy is weak, and a profit of  \$ 19,000  if the economy is in-between. If she emphasizes the usual line, she will make a profit of  \$ 38,000  if the economy is strong, a profit of  \$ 10,000  if the economy is weak, and a profit of  \$ 30,000  if the economy is in-between. Prepare a payoff matrix. A)     B)     C)
B)  Prepare a payoff matrix -A clothing manufacturer must decide which of two clothing lines to emphasize for the spring season, her usual line or a budget line. Her success with each line depends on the state of the economy next year. If she emphasizes the budget line, she will make a profit of  \$ 16,000  if the economy is strong, a profit of  \$ 26,000  if the economy is weak, and a profit of  \$ 19,000  if the economy is in-between. If she emphasizes the usual line, she will make a profit of  \$ 38,000  if the economy is strong, a profit of  \$ 10,000  if the economy is weak, and a profit of  \$ 30,000  if the economy is in-between. Prepare a payoff matrix. A)     B)     C)
C)  Prepare a payoff matrix -A clothing manufacturer must decide which of two clothing lines to emphasize for the spring season, her usual line or a budget line. Her success with each line depends on the state of the economy next year. If she emphasizes the budget line, she will make a profit of  \$ 16,000  if the economy is strong, a profit of  \$ 26,000  if the economy is weak, and a profit of  \$ 19,000  if the economy is in-between. If she emphasizes the usual line, she will make a profit of  \$ 38,000  if the economy is strong, a profit of  \$ 10,000  if the economy is weak, and a profit of  \$ 30,000  if the economy is in-between. Prepare a payoff matrix. A)     B)     C)

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