The Owner of Tastee Cookies Needs to Decide Whether to Lease

question 83

Multiple Choice

The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows: $\begin{array}{|l|l|l|l|}\hline\text {SIZE}\\\text {OF}&\text {DEMAND}\\\hline \text { OUTLET } & \text { LOW } && \text { HIGH } \\\hline \text { Small } & \$ 1,000 && 1,000 \\\hline \text { Medium } & 500 && 2,500 \\\hline \text { Large } & 0 && 3,000 \\\hline\end{array}$ If she uses the maximin criterion, what size outlet will she decide to lease?

• A) small
• B) medium
• C) large
• D) either small or medium
• E) either medium or large

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Definitions:

Aldohexose

A simple sugar or monosaccharide containing six carbon atoms and an aldehyde group.

D-(-)-Gulose

A naturally occurring sugar belonging to the family of aldohexoses, known for its optical activity.

Naturally Occurring Sugars

Sugars that are found in natural sources such as fruits, vegetables, and honey, not added during processing or packaging.

D-(-)-Glyceraldehyde

A simple sugar (monosaccharide) that serves as a reference compound for determining the D-L configuration of carbohydrates.