The horse walks from the Grass to the Pond and the llamas walk from the Fruit to the Shade. How much longer does the horse walk if each takes the shortest possible route?

A store that has no trading area of its own is a parasite

Indicate whether the statement is true or false

A manager is deciding whether or not to build a small facility. Demand is uncertain and can be either at a high or low level. If the manager chooses a small facility and demand is low, the payoff is $300

If the manager chooses a small facility and demand is high, the payoff is $100. On the other hand, if the manager chooses a large facility and demand is low, the payoff is -$200, but if demand is high, the payoff is $800. (a) What would be the best decision based on the maximax criterion? (b) What would be the best decision based on the maximin criterion? (c) What would be the best decision based on the minimax regret?