PW:Which is an example of a exclusive choice problem

Which is an example of a exclusive choice problem?

Question options:

  • Choosing which improvements to make on your home given a fixed capital budget.
  • Choosing options on the new car after you have decided on the model.
  • Deciding to expand your loading doc by 5 bays, 10 bays or 20 bays.
  • Deciding which appetizers to get at Higgen's.

Answer:

  • Deciding to expand your loading doc by 5 bays, 10 bays or 20 bays.

Explanation: The dock can only expand by a specific number of bays. You cannot expand by 5 bays and 10 bays, that is simply just expanding my 15 bays. You can however expand by 5 bays OR 10 bays.

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