question archive An electronic company makes a profit of $10,000 per day at present

An electronic company makes a profit of $10,000 per day at present

Subject:EconomicsPrice: Bought3

An electronic company makes a profit of $10,000 per day at present.

The company has the option to go in for licence from another company and make a profit of $20,000 per day gloss but has to pay a royalty of $6,000 per day. It has another option to go n for research and development at a cost of $10,000. The company makes a profit of $25,000 with the probability of 70% success and 30% failure. Draw a decision tree and choose the appropriate action.

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