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Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probability of total loss of only the above-water superstructure ($200 million) is .25, the probability of total loss of the facility ($900 million) is .25, and the probability of no loss is .50.
Find the expected loss. (Input the amount as a positive value.)
For what values of Z does Heidi accept two independent plays of the bet? iii) is is possible for Heidi to reject the single bet but accept the aggregate bet?
write down expression for marginal revenue. choose the quantity and the price to maximize profit, assuming firm can only charge one price.
Illustrate the entry barriers exist in the fast food industry. Compute the labor participation rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150.
A banker must earn at least a 2.4% return after expected inflation on short term loans. The inflation rate for the past 6 months has average 5.9%. the expected inflation rate for the next 12 months is 6.5% nominal interest rates for short term loans ..
The number of times that a person contracts a cold in a given year is a Poisson random variable with parameter ?=6 .
Katherine Lim purchased a condominium for $50, 000 in 1987. Her down payment was $20, 000. She financed the remaining amount as a $30, 000, 30-year mortgage at 7%, compounded monthly. Her monthly payments are $200. It is now 2007 (20 years later) and..
Suppose a consumer with income m = 12 has preferences that are represented by the utility function u(x1, x2) = x^3,x. The prices for goods 1 and 2 are p1 = 1 and p2 =1. What is the equation for the consumer’s budget line? What is the equation that de..
Assume the value of a statistical life is $85,000,000 and that workers in more dangerous jobs are exposed to an additional 1/105 risk of death. How much more should the workers in the more dangerous jobs be paid (compared to the other workers)?
The Downdog Yoga Studio offers five types of classes, as shown in the table below. Design a program using pseudocode that accepts a number representing a class
Draw the ?rm's long run Average Cost, Marginal Cost and supply curve.In a separate graph, drawthe market supply curve and a demand curve which is consistent with cabs earning positive economic
You are working with your supervisor to order Windows Server 2008 for a server that willfunction as a certifi cate authority. One of your goals is to use Network Device Enrollment Service. Your supervisor wants to order Windows Server 2008 Standar..
In class is was claimed that at the wealth maximizing output for a price searcher who is making zero (economic) profits, the Average Total Cost Curve must be tangent to the Demand Curve rather than merely be equal to but bisecting the Demand (either ..
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