User Account

All Pages

What is charline expected income

Assignment Help Business Management
Reference no: EM132262170

Charline must decide whether to open a business or work as an economics tutor. The business she is considering is open a store called "Charline Sells Seashells by the Seashore". This business is risky because 60% of the time Charline would have a GOOD seashell harvest and earn an income of $300. But 40% of the time Charline would have a BAD seashell harvest and earn an income of $0. If she instead chooses to work as an economics tutor, Charline would earn a certain income of $160. Charline has initial wealth of $100 and her utility function is:U(C)= Square Root (C) where C is consumption:

What is Charline's expected income if she opens her business?

Reference no: EM132262170

Questions Cloud

Analyzing the words used to evoke nature : Your comparison should go beyond comparing the "stories" (i.e., plot) and instead focus on elements of the short stories. An example (that does not meet).
What about a financial account surplus : Is it possible (theoretically) for every country to have a current account surplus in a given year? What about a financial account surplus? Why?
Identify what you still need to do for this project : Identify what you still need to do for this project, including going on observation field trips.
Creativity is caught as much as it is taught : Employers should not keep employees' medical records strictly confidential. Creativity is "caught" as much as it is "taught."
What is charline expected income : What is Charline's expected income if she opens her business?
Explaining the results of graphical analysis : Using economic terminology, explain (b) explaining the results of your graphical analysis in (a).
Write response on violent media is good for kids : Readings Required: Jones' "Violent Media is Good for Kids" (199-203). Answer the question in 300 words or more. Organize your response in the form of a mini.
Suppose the production function : Suppose the following production function: Q = 10 (K)1/3 (L)2/3 subject to; W *L + r * K = Cost.
Smell of the bacon factory : The smell of the Bacon factory has adversely affected the Water Park such that it has put in air cleaning equipment to eradicate the odor created by the factory

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd