A chemical company is in the process of studying two long-term plans.The first plan involves expansion of their industrial division.The second plan emphasizes expansion in the business of consumer pharmaceuticals.Market research reveals the following (preliminary)results (returns are in $ millions):
The planning committee has the (risk averse)utility function U = 10M - 0.05M2.Discuss the long-term planning decision based on the preliminary predictions and the given utility function:
Definitions:
Juvenile Offenders
Juvenile offenders are individuals under the age of legal adulthood who commit crimes or delinquent acts, subject to a distinct set of laws and rehabilitation focused justice system.
Life Without Parole
A criminal sentence in which the convicted individual is to spend the remainder of their life in prison without the possibility of parole.
Cruel and Unusual Punishment
A form of penalty that is deemed intolerable because of the agony, distress, or degradation it causes to the individual who endures it.
Gender Recognition Act
Legislation in some jurisdictions that allows individuals to legally change their gender designation on official documents.
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