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pls answer question 1 :The Sinochem Agriculture Company produces fertilizer. The company's fixed monthly cost is RMB 25,000.00 and its variable cost per pound of

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1 :The Sinochem Agriculture Company produces fertilizer. The company's fixed monthly cost is RMB 25,000.00 and its variable cost per pound of fertilizer is RMB 0. 15. Sinochem Agriculture sells the fertilizer for RMB 0.40 per pound. Determine the monthly breakeven volume for the company 1. If it changes the price of its fertilizer from RMB 0.40 per pound to RMB 0.60 per pound, what effect will the change have on the breakeven volume? 2. If it changes its production process to add a weed killer to the fertilizer in order to increase sales, the variable cost per pound will increase from RMB 0. 15 to RMB 0.22. What effect will this change have on the breakeven volume computed in (a)? 3. If it increased its advertising expenditures by RMB 168,000.00 per year, what effect will the increase have on the breakeven volume computed in (b)? 2. Solve for the optimal strategies and the value of the game below: Player A \\ Player B Strategy B1 Strategy B2 Strategy B3 Strategy A1 10 5 15 Strategy A2 20 2 -20 Strategy A3 6 2 6 Strategy A4 -13 -10 44 Strategy As -30 0 45 Strategy A6 16 -20 6 3:Colin Huang wishes to invest in one of two projects. The returns for both projects are uncertain, and the probability distribution for returns can be expressed by a normal distribution in each case. Project A has a mean return of RMB 240,000.000.00 with a standard deviation of RMB 20,000,000.00. Project B has a mean return of RMB 250,000,000.00 and a standard deviation of RMB 40,000,000.00. Consider a return of RMB 220,000,000.00. Which project has a higher chance of returning this much or more? Explain why.4 :Zhong Shanshan has three major routes to take to work. She can take Donghuamen Road the entire way, she can take several back streets to work, or she can use the expressway. However, the traffic patterns are very complex. Under good conditions, Donghuamen Road is the fastest route. When Donghuamen Road is congested, one of the other routes is usually preferable. Over the past two months, Zhong Shanshan has tried each route several times under different traffic conditions. This information is summarized in minutes of travel time to work in the following table: No Traffic Congestion Mild Traffic Congestion Severe Traffic Congestion Road (in minutes) (in minutes) (in minutes) Donghuamen Road 15 30 45 Back Roads 20 25 35 Expressway 30 30 30 In the past 60 days, Zhong Shanshan encountered severe traffic congestion 10 days and mild traffic congestion 20 days. Assume that the last 60 days are typical of traffic conditions. Develop a decision tree. 2. Using EMV criterion, what route should Zhong Shanshan take? 3. Using EOL criterion, what route should Zhong Shanshan take? 4. How much should Zhong Shanshan be willing to pay for perfect information

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