TABLE 17-2
the Following Payoff Matrix Is Given in Dollars $$\begin{array} { c c l } & { \text { Action } } \\\text { Event } & A & B \\\hline 1 & 400 & 700 \\2 & 200 & 500\end{array}$$

question 79

Multiple Choice

TABLE 17-2
The following payoff matrix is given in dollars.
$$\begin{array} { c c l } & { \text { Action } } \\\text { Event } & A & B \\\hline 1 & 400 & 700 \\2 & 200 & 500\end{array}$$
-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

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Definitions:

Responsibility

The state or fact of having a duty to deal with something or of having control over someone.

Borderline

Often referring to borderline personality disorder, a mental health condition characterized by unstable moods, behavior, and relationships.

Mood Fluctuations

Variations in a person's emotional state, ranging from extreme happiness to deep sadness, that can be normal or indicative of a mood disorder.

Personal Relationships

Interactions and bonds formed between individuals based on emotional connections, social ties, or professional contacts.