Kindly Assist with the attached Cost and Management Accounting Question

Question 5 (10 marks) Sunlux Investments is about to launch a new product. The demand is uncertain and the price to be charged is also uncertain. The demand may be good, average or poor and the prices can be any of the four prices in the table below. The contribution that can be achieved is also presented in the table: Demand level Good Avera e Poor Required N$40 N$50 000 N$20 000 N$30 000 N$60 N$60 000 N$30 000 N$30 000 Sellin rice N$80 N$40 000 N$30 000 N$20 000 N$IOO N$30 000 N$20 000 N$10 000 Marks Sub- Total total Decide on the selling price to be chosen if the manager applies the 5.1 maximin criterion to make decisions. Decide on the selling price to be chosen If the manager applies the 5.2 maximax criterion to make decisions. Decide on the selling price to be chosen if the manager applies the 5.3 minimax re ret criterion to make decisions. Total 2 2 6 10 2 4 10