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Identify a situation from your own experience that involves making decisions using expected value, and detail the different options, expectations, and payouts. Discuss the risks involved with those expectations and, if applicable, the payouts. Include in your discussion an explanation of how to determine how much information to gather to minimize uncertainty. Finally, explain which decision should be made
1. what does gross domestic product gdp tell us? how did gdp change from 2008? what caused these changes? what is real
Explain the difference between monochronic and polychronic cultures. Then, give example of how each culture would differ its response to two business situations
How many such zombie systems would the attacker need to flood a target server connected in:
Compare these findings to the same data for China and India. Write a paragraph to summarize your findings.
Illustrate wat would happen if suppliers set the price of pizza at $15. Explain the market adjustment process.
The Production Possibilities Model/Frontier(PPF) illustrates the concepts of Scarcity, Choice(trade-off) and Opportunity Cost(value forgone)
What will be the new market price of sugar in the United States? How much sugar will American consumers now purchase?
Under the conditions of monopolistic competition:
Students apparently consume mass quantities of the performance enhancing drug adderall during exam time. Normally, the price is $3 for 10 mg, but it rises during exam week to at least $5. Suppose that word gets around to the drug dealers that the equ..
Economic theory suggests that a union's bargaining power is stronger or weaker during a recession?
Why do economists keep changing their models? It seems like they tell a story, and then some number of years later
Annual sales of a given product are 8,000 units; the selling price is $8 per unit. Annual fixed production costs are $6,000 and the current annual profit is $18,000. The company is planning to invest to influence the sale of its product. Sales are ex..
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