A Nyce Place to Work is introducing a new product. They...
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A Nyce Place to Work is introducing a new product. They have two choices in bringing the new product to market. They can do everything themselves or they can bring in a partner on this product. If they do everything themselves it will cost $1,000,000 and they expect the following payoffs: If they bring in a partner, it will cost $500,000 with the following payoffs: Which option should A Nyce Place to Work choose if they want to maximize the following ratio: expected payoff/initial cost? No partner Partner The expected value for each option is equal Not enough information was given to solve the
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