[See] Fenton and Farrah Friendly, husband-and-wife car dealers, are soon going to open a new dealership. They have three offers: from a foreign compact


Question: Fenton and Farrah Friendly, husband-and-wife car dealers, are soon going to open a new dealership. They have three offers: from a foreign compact car company, from a U.S.-producer of full sized ca rs, and from a truck company. The success of each type of dealership will depend on how much gasoline is going to be available during the next few years. The profit from each type of dealership, given the availability of gas, is shown in the following payoff table:

Gas Availability
Shortage Surplus
Dealership 0.6 0.4
Compact Cars 300,000 150,000
Full-sized cars -100,000 600,000
Trucks 120,000 170,000

Determine which type of dealership the couple should purchase.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

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