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Solution to Question 1: Decision alternatives: 1. Buy the parcel of land at location A. 2. Buy the parcel of land at location B.
Solution to Question 1: Decision alternatives: 1. Buy the parcel of land at location A. 2. Buy the parcel of land at location B. 3. Buy both parcels. 4. Buy nothing. Possible states of nature: 1. The new airport is built at location A. 2. The new airport is built at location B. Question 2: So what is your decision and why? Enter your response.
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