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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.The number of states of nature for the payoff table is
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The measure of how economically resources are used to achieve desired outcomes, often evaluated in terms of the results produced per unit of cost.
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