risk and uncertainty/example from lectures

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February 2, 2015 at 1:39 pm #224832
Anna
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Regarding a pay off table, I have a question regarding the rows for 500 choice and 800 choice.
500 choice and demand of 400, here 100 cannot be sold, but we still calculate both customer choice and factory contributions.
And for 800 choice, it is only for demand of 900 that 800 can be sold. Why 4400 is for every demand level?
Thanks.
February 2, 2015 at 1:45 pm #224833
Anna
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Dear Mr. Moffat,
sorry for the question, I think I know the answer already.
Thanks.
February 2, 2015 at 5:07 pm #224862
John Moffat
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No problem. If you decide later that you don’t know the answer then ask again 🙂
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