Sallie produces specialty l-shirts that are sold at special events. For an upcoming event, sh can sell each T-shirt at $20 per shirt. However, when the event ends, any unsold T-shirts v be sold at a clearance price of $4 per shirt. It costs Sally $8 to make a T-shirt. Sally's estima of the demand is the following. Demand Probability 300 0.05 400 0.1 500 0.4 600 0.3 700 0.1 800 0.05 Fill in the blank: The critical ratio is $

Sallie produces specialty l-shirts that are sold at special events. For an upcoming event, sh can sell each T-shirt at $20 per shirt. However, when the event ends, any unsold T-shirts v be sold at a clearance price of $4 per shirt. It costs Sally $8 to make a T-shirt. Sally's estima of the demand is the following. Demand Probability 300 0.05 400 0.1 500 0.4 600 0.3 700 0.1 800 0.05 Fill in the blank: The critical ratio is $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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