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Spreadsheet 2. An individual is considering two investment projects. Project A will return a zero profit if conditions are poor, a profit of $4 if conditions are good, and a profit of $8 if conditions are excellent. Project B will return a profit of $2 if conditions are poor, a profit of $3 if conditions are good, and a profit of $4 if conditions are excellent. The probability distribution of conditions is as follows:
Conditions: Poor Good Excellent
Probability: 40% 50% 10%
Using Excel, calculate the expected value of each project and identify the preferred project according to this criterion. (b) Assume that the individuals utility function for profit is U(X) = X - 0.05X2. Calculate the expected utility of each project and identify the preferred project according to this criterion. (c) Is this individual risk averse, risk neutral, or risk seeking? Why?
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Movie theaters often offer decreased rates for children under ten. This suggests that tht demand for adult admission is
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Monica and her father own one of the three automobile tire stores in the city. No other city is nearby. They want do develop a strategy increase sales and market share in their city. What steps can they take?
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Does the heavy crude have lower or higher value from the base crude and if this is the global marginal refiner, what is the crude price differential between these two crudes?
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Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor an increase in immigration
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