Multiple Choice
TABLE 17-2
The following payoff matrix is given in dollars.
-Blossom's Flowers purchases roses for sale for Valentine's Day. The roses are purchased for $10 a dozen and are sold for $20 a dozen. Any roses not sold on Valentine's Day can be sold for $5 per dozen. The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100, 200, or 400 dozen roses. What is the opportunity loss for buying 400 dozen roses and selling 200 dozen roses at the full price?
A) $1,000
B) - $2,000
C) $0
D) $500
Correct Answer:

Verified
Correct Answer:
Verified
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