Brit wants to sell throw blankets for the holiday season at a local flea market. Brit purchases the throws for $15, and sells them to his customers for $35 . The rental space is fixed fee of $1500 for the season. Assume there is no leftover value for unsold units. The payoff, if he orders 200 and Demand is 150, is
a. 800.
b. 50.
c. 1050.
d. 2800.
c
RATIONALE: An uncertain future event affecting the consequence, or payoff, associated with a decision is known as a chance event.
Business
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