The president of a small business is provided with the following options to improve his company by a consulting. Based on the data provided, which option should he choose? Cost (thousands of dollars) Benefit(thousands of dollars) Option A 10 50 Option B 50 100 Option C 120 150 Option D 5 15 Option E 125 200 a) option A b) option B c) option C d) option D e) option E
The president of a small business is provided with the following options to improve his company by a consulting. Based on the data provided, which option should he choose? Cost (thousands of dollars) Benefit(thousands of dollars) Option A 10 50 Option B 50 100 Option C 120 150 Option D 5 15 Option E 125 200 a) option A b) option B c) option C d) option D e) option E
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter1: Introduction: What This Book Is About
Section: Chapter Questions
Problem 1.1IP
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The president of a small business is provided with the following options to improve his company by a consulting. Based on the data provided, which option should he choose?
Cost (thousands of dollars) | Benefit(thousands of dollars) | ||
Option A | 10 | 50 | |
Option B | 50 | 100 | |
Option C
|
120 | 150 | |
Option D | 5 | 15 | |
Option E | 125 | 200 |
a) option A
b) option B
c) option C
d) option D
e) option E
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