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Question: An investor with assets of $10,000 has an opportunity to invest $5,000 in a venture that is equally likely to pay either $15,000 or nothing. The investor's utility function can be described by the utility function U(x) = ln(x), where x is his total wealth.
a. What should the investor do?
b. Suppose the investor places a bet with a friend before making the investment decision. The bet is for $1,000; if a fair coin lands heads up, the investor wins $1,000, but if it lands tails up, the investor pays $1,000 to his friend. Only after the bet has been resolved will the investor decide whether or not to invest in the venture. What is an appropriate strategy for the investor? If he wins the bet, should he invest? What if he loses the bet?
c. Describe a real-life situation in which an individual might find it appropriate to gamble before deciding on a course of action.
Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same. What is the first action you would take as the president? As the chairman of the Fed? Why? What would be your subsequent steps?
1. discuss the current economic situation in the u.s. as compared to five 5 years ago. include interest rates inflation
The problem belongs to Economics and it discuss about consumers' surplus, producers' surplus and total surplus for cheese produced in the year 2009 in the US.
Discuss the possible reasons ofeducational inequalities and also suggest changes in education policy that mayachieve a more equitable distribution of education.
Assume that labor demand is given by Qd = 200 - 20P and labor Supply is given by Qs = 10P - 10, where P = wage and Q = quantity of labor. If a minimum wage of $8 is imposed on this market, what will be the impact on consumer and producer surpl..
Government spending is often too small to have the impact that governments usually want to see on the economy. However, something occurs in the economy after the initial government injection which makes the end result much larger.
write 400-600 words that respond to the following questions with your thoughts ideas and comments. this will be the
The example case study is from Managerial Economics. The problem is explain about a fitness development company. The demand function needs to be interpreted along with price elasticity of demand and income elasticity of demand.
elements of a contract. the paper must be four to five pages excluding the title page and references pages and
Analyze the three different money models (the ATM model of demand for cash, the liquidity-preference model, and the dynamic model of money) to determine which model seems most appropriate for explaining the way money works to someone.
Consider the preferred prices of the authors and publishers of the electronic book, whose marginal cost of production is close to zero? Would the two disagree regarding the price to be charged for book?
How do we define explicit costs? In our example, what is the total amount of explicit costs? How do we define accounting profit? In our example, what is the amount of accounting profit?
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