[Answered] When marginal analysis cannot easily handle a single period model, we express the decision maker's ...

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JGIBBSON

Hero Member
Posts: 538

on: Aug 1, 2018

When marginal analysis cannot easily handle a single period model, we express the decision maker's objective as f(q) and find q such that:
a.f(q+1) f(q) = 0.
b.f'(q)=0.
c.f''(q)=0.
d.f(q) = 0.

Question 2

In the news vendor problem c_u is the ________.
a.underuse cost.
b.unemployment cost.
c.understocking cost.
d.underorder cost.

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Marked as best answer by a Subject Expert

nguyenhoanhat

Sr. Member
Posts: 332

Reply #1 on: Aug 1, 2018

Answer to Question 1

correct: b

Answer to Question 2

correct: c

JGIBBSON

Member
Posts: 538

Reply 2 on: Aug 1, 2018

Excellent

triiciiaa

Member
Posts: 349

Reply 3 on: Yesterday

Gracias!

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