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Author Question: When marginal analysis cannot easily handle a single period model, we express the decision maker's ... (Read 36 times)

JGIBBSON

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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 cu is the ________.
  a.underuse cost.
  b.unemployment cost.
  c.understocking cost.
  d.underorder cost.


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nguyenhoanhat

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Reply #1 on: Aug 1, 2018
Answer to Question 1

correct: b

Answer to Question 2

correct: c


JGIBBSON

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Reply 2 on: Aug 1, 2018
Thanks for the timely response, appreciate it

sultana.d

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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