Solved

Fresh First Grocery Store Purchases Bread at $1 Per Loaf

Question 52

Multiple Choice

Fresh First grocery store purchases bread at $1 per loaf and sells it at $1.50 a loaf.Any unsold bread is fed to the geese at a local pond.What is the decision rule?


A) stock an additional unit if P ≥ 0.33
B) stock an additional unit if P ≥ 0.4
C) stock an additional unit if P ≥ 0.5
D) stock an additional unit if P ≥ 0.67
E) stock an additional unit if P ≥ 0.75

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