Residents of mill river have fond memories of ice skating at a local park. an artist has captured the experience in a drawing and is hoping to reproduce it and sell framed copies to current and former residents. he thinks that if the market is good he can sell 500 copies of the elegant version at $150 each. if the market is not good, he will sell only 450 at $100 each. he can make a deluxe version of the same drawing instead. he feels that if the market is good he can sell 700 copies of the deluxe version at $110 each. if the market is not good, he will sell only 350 copies at $90 each. in either case, production costs will be approximately $40 comma 000. he can also choose to do nothing at this time. if he believes there is a 50% probability of a good market, what should he do? a. make the deluxe version b. make the elegant version c. nothing

1. alwaysrain irrigation, inc. would like to determine capacity requirements for the next four years. currently, two production lines are in place for making bronze and plastic sprinklers. three types of sprinklers are available in both bronze and plastic: 90-degree nozzle sprinklers, 180-degree nozzle sprinklers, and 360-degree nozzle sprinklers. management has forecast demand for the next four years as follows: both production lines can produce all the different types of nozzles. the bronze machines needed for the bronze sprinklers require two operators and can produce up to 12,000 sprinklers. the plastic injection molding machine needed for the plastic sprinklers requires four operators and can produce up to 200,000 sprinklers. three bronze machines and only one injection molding machine are available. what are the capacity requirements for the next four years? (assume that there is no learning.)