For this assignment, you are required to complete Individual Problems 17-2 and 17-6 at the end of Chapter 17 in Managerial Economics: A Problem Solving Approach.(problems attached )Question below is totally separate from first two problems and 600-750 word count is applicable to Group Problem G17-1 ONLYGroup Problem G17-1: Uncertainty. As you are evaluating your current company (MD Anderson Cancer Center), address the following decisions in your response (600-750 words):
- What environmental factors and risks must be considered in the company’s decision-making process?
- Evaluate costs factors influencing the company’s decision.
- Determine strategies that would provide value to the outcome your company is seeking relating to this decision