Unformatted text preview: reputation, he would take this option rather than selling the grapes in bulk at roughly half the possible $34,200. 1b. There is a 30% chance that the grapes would end up with botrytis if Mr. Jaeger chooses not to harvest them immediately. In doing so, he would be able to acquire $67,200 based on $8 a bottle minus 30% reduction in total revenue. 1c. At this point, Mr. Jaeger has the likelihood to make $34,200 if he chooses to harvest immediately while he can make $39,960 in he chooses not to harvest yet, based on probability....
View Full Document
This note was uploaded on 03/19/2012 for the course ACCACC 333 taught by Professor Anne during the Fall '11 term at Miami University.
- Fall '11