What size outlet will she decide to lease

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The owner of Tasty Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimated that monthly profits will vary with demand for her cookies as follows:

                                                                Demand

Size of Outlet                         Low                            High

Small                                   $1,000                             1,000

Medium                                    500                             2,500

Large                                           0                             3,000

 

If she uses the maximin criterion, what size outlet will she decide to lease?

Reference no: EM13968974

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