有关经济学的一道问题,英文的You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you will generate sales revenue of €2000 and you have already spent €1000 building the hot dog stand. The hot dog stand is nearly completed but now you estimate total sales to be only €800 because the fair *es with a major music festival in a nearby location.. You can complete the hot dog stand for another €300. Your decision rule should
有关经济学的一道问题,英文的
You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you will generate sales revenue of €2000 and you have already spent €1000 building the hot dog stand. The hot dog stand is nearly completed but now you estimate total sales to be only €800 because the fair *es with a major music festival in a nearby location.. You can complete the hot dog stand for another €300. Your decision rule should be to complete the hot dog stand as long as the cost to complete the stand is less than
a.€300
b.€100
c.€500
d.none of these answers.
e.€800
请告诉我答案以及为什么
a.€300
a.€300
1) If give up now - lose €1000
2) If complete the stand with another €300, you'll lose only €500+cost of running the hotdog stand (€1000+€300 - €800). If you can increase the sales, the lost will be less but it may cost for advertising. So, stick to the €300 extra cost and hope for the best. Worst case: No sales, lose $1300 plus cost of running the stand (like buying the hotdog and employing someone...)
Fun of running a business!
a.€300
1) If give up now - lose €1000
2) If complete the stand with another €300,you'll lose only €500+cost of running the hotdog stand (€1000+€300 - €800).If you can increase the sales,the lost will be less but it may cost for advertising.So,stick to the €300 extra cost and hope for the best.Worst case:No sales,lose $1300 plus cost of running the stand (like buying the hotdog and employing someone...)
Fun of running a business!