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a. A lottery ticket has one $1,000 winning ticket, one $500 ticket and five $100 tickets. One thousand tickets are sold at $3 per ticket. Find the expectation of a person buys one ticket.
b. If a player rolls two dice and gets a sum of 2 or 12, she wins $20. If she rolls a 7, she wins $5. the cost to play the game is $3. Find the expectation on a single play.
For each of the following utility functions, calculate (or figure out) the MRS and sketch out an indifference curve for U=4, plotting at least 2 points on each curve, and explain whether the preferences violate the diminishing MRS or convexity of ind..
Suppose there are two potential pools of customers for the gym. One group gets a high benefit from joining, but a smaller benefit from actually working out. Derive each consumer’s surplus before the fixed fee for a given variable price p. How will th..
Everything else? equal, when domestic currency appreciates against a foreign? currency: Contractionary fiscal policy leads to a? ________. Which of the following factors of production is least likely to show diminishing marginal? product?
Opportunity cost is best defined as ______(all of the other or the next best) ?alternative(s) that must be sacrificed to obtain something or to satisfy a want. Which of the following would least likely? be, for the typical? student, the opportunity c..
What is the four-firm concentration ratio (CR4)? What is the Herfindahl-Hirschman Index (HHI)? How do these two measurements differ? How are they similar? Calculate the CR4 and the HHI for the following two situations:
The local chapter of the Project Management Institute (Links to an external site.) is planning a dinner meeting with a nationally
Which of the following types of costs is more relevant when making production decisions? a) Marginal costs b) Sunk costs c) Fixed costs d) Average costs
Which of the following is true regarding the extent of shareholder’s liability to corporate creditors? a.A shareholder is Liable to the corporation’s creditors to the extent of the value of the shareholder’s corporate shares b.A shareholder is Liable..
For decision making for the firm with market power, fixed costs are:
You are the project manager for your organization and you're working with your project team and stakeholders to develop the risk management plan. According to the PMBOK Guide, what is the only output of the project's risk management planning proce..
the boards of 2 major telecommunications companies recently agreed to a 16 billion-dollar merger that would create the
An imperfectly competitive firm’s demand equation is given by, P = 400 - .25Q. The firm’s marginal cost is, MC = 20, and TC = 20Q. Assuming that the firm is attempting to maximize profits (minimize losses), determine its Price (P), Output (Q), and to..
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