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Assume that the decision maker is risk averse. You know that his certainty equivalent for (0.4?0)⊕(0.6?10) is 5. What are the maximum and minimum possible prices that he may be willing to pay in order to win the lottery that has an equal chance to receive 5 or 10, that is, (0.5?5)⊕(0.5?10)? (HINT: normalize u(0) = 0) normalize u(0)= 0 does it mean that at the same time i need to assume u(10)=1?if not, how should i solve the problem?
Write a thorough analysis of unemployment, defining the various types of unemployment, full employment, and the natural rate of unemployment.
Use the median voter theorem to explain why the Republican presidential nominee is more conservative during the primaries than during the general election.
For this discussion forum, pretend that you work for a marketing firm. how would you advise your firm to more effectively market to organizations?
An article in the Economist magazine discussing MOOCs observed: "Though marginal costs are low, designing enticing online material is costly." Why would the marginal costs of offering a MOOC be low? What is the relationship between the marginal co..
I am working on a presentation that talks about the relatioship between India social behavior and india international business. I need to find some resource.
Identify possible economic policies that may explain these items and/or those which could be used to deal with the problems or situations described.
During a discussion several years ago on building a pipeline to Alaska to carry natural gas, the U.S. Senate passed a bill stipulating that there should be.
Last year, the United States imported approximately $100 billion worth of oil. Many people believe we should simply stop importing all oil (about half of our domestic consumption). One argument in favor of this is that this oil is only about 1%
1. describe each of the following ownership costsa. downtime cost b. cycle time cost c. conversion cost d.
How you will assess the quality of the data in candidate sources of record? How you will provide a proof of concept for a single view of a customer?
What kind of market do you believe Uber drivers most closely resemble - perfect competition, oligopoly or monopolistic competition and why?
A price floor is set by the government to protect the producer of the good to which price floor has been attached. There're two possible outcomes for market in price floor setting.
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