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hi i am string to make the tables in maximin and maximax i understand every thing after the table is done
like when they give you demand fig like100 500 730
then price to thi demnd 425 500600
thean last the variable cost 170 210 260
i need to understand how to do itI would need more information to be able to produce the table.
The trouble is that every question is different, and there is therefore no general rule as to how to calculate all the possible profits.
I assume that you have watched my lecture on this where I go through one example. But again, every example is different.
What you must do is show your workings for the profits. Even if you have misunderstood and calculated wrongly, you will still get some marks.
When it comes to making the decisions (which you say that you are happy with) then you will get full marks if you make the correct decisions based on your table (even if your table is wrong).
You do not lose marks twice for the same mistake.
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