Warren hesitated as he read the fast food menu, unsure whether he should supersize the orders of delicious golden French fries
As the office lunch boy, he was responsible for buying enough food to keep his coworkers satiated during the rest of the work day. Supersizing would increase his cost from $0.99 to $1.59 and just might provide his colleagues the nutrition they needed to make it through the second half of his day at the office. Of course, if they finished his hamburger and the usual amount of fries, Warren would simply throw the extra ones away. However, if he failed to supersize the orders, he would have to purchase candy bars during the afternoon and they weren't exactly giving them away in the break room vending machines. Each hungry colleague would likely need two candy bars, which sold for $1.25 each. With a demand that is normally distributed with a mean of 15 and standard deviation of five, what is Warren's optimal supersize decision?
A) 16.3
B) 17.3
C) 18.3
D) 19.3
Answer: D
You might also like to view...
Concerning the foreign exchange market, which of the following is FALSE?
a. Virtually all foreign exchange trading takes place in London and Zurich. b. Foreign exchange trading is dominated by the dollar, euro, yen, and pound. c. Individual households, businesses, governments, and banks buy and sell foreign currencies and other debt instruments. d. The foreign exchange market has no centralized meeting place and no formal requirements for participation.
Observations of ethical misconduct are more likely to decrease when:
a. coworkers have a strong ethical culture. b. a code of ethics is absent. c. organizational rules are absent. d. the top managers have little control over organizational culture.
A court will require witnesses' signatures to be proven before a formal decree will be issued allowing the will
a. True b. False Indicate whether the statement is true or false
The importance of price depends on the type of product, the type of target market, and the purchase situation.
Answer the following statement true (T) or false (F)