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(c) We now add two more contracts (which similarly have the rule of losing money proportional to tardiness) : ' price = $750; quoted lead

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(c) We now add two more contracts (which similarly have the rule of losing money proportional to tardiness) : ' price = $750; quoted lead Lime = 7 days; maximum lead time = 14 days. * price 2 $1250; quoted lead time = 0.5 day; maximum lead time = 1 days. Notice that in the $1000 contract, quoted lead time = 1 day; maximum lead time = 2 days. What are the expected revenues for these three contracts? 'Which contract would be the most lucrative assuming the mean time to delivery is 0.7 days

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