Business Finance Homework Help

Queen Mary University of London Cost and Benefits Discussion

 

Can you help me understand this Business question?

1. Describe a decision a company has made when facing uncertainty. Compute the expected costs and benefits of the decision. Offer advice on how to proceed. Compute the profit consequences of the advice

2. Identify something you buy or sell that could be bought or sold using an auction. How would you run the auction? Do a benefit-cost analysis of the auction relative to how you currently buy or sell.