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a. Construct a payoff table to display all possible Contribution outcomes if Belmullet Ltd. was to enter into a contract to supply Ballina Ltd. b.
a. Construct a payoff table to display all possible Contribution outcomes if Belmullet Ltd. was to enter into a contract to supply Ballina Ltd. b. Determine what contract quantity Belmullet Ltd should agree to supply to Ballina Ltd using each of the following decision criteria.i. Expected Valueii. MaxiMiniii. MaxiMaxiv. Minimax Regret c. Calculate how much Belmullet Ltd. would be prepared to have access to perfect information about the state of demand in the market.
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