Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You have a person whose utility is U = Square root of I. They have two choices: A. Vote for action B. Vote against action. If they choose B. They get $5 Million. If they choose A. they have a 30% chance of making $80 million and 70% chance of making $1 million. So far so good.
But if they make the $80 million, there is a possibility they will loose $10 million of it. The question is what's the maximum probability of that last last thing happening (-$10 million) that will induce the person to vote for action?
So, the way I did it was just EU(sr $5million) = .7EU(sr $1million) + .3EU(sr $80million) - p(sr $10mill). Where "sr" square root. That gave me a max of 36% probability.
*What I'm confused about is that there is only a 30% chance of facing the probability of -$10,000 so it doesn't seem like it should receive the same weight as the $80mill and $1mill ? Its like a chance of a chance. But when I did .3 * p(sr $10million) it gave me a probably greater than 100% which I know was wrong.
Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?
Do analysis of the economic and ethical implications of the article event.
Coimpute how much the shortage or surplus is if there is any.
A contry's currency will depreciate if its inflation rate is less than that of its trading partners.
Assume an economy in which the reserve ratio is 15 percent, people hold 10 percent of their deposits in the form of cash, and there are no other leakages.
Write down the effect on the real wage and hours worked in the short run.
Illustrate what price per ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs.
Explain how does the money multiplier differ when currency holdings are zero, compared to when currency holdings are greater than zero.
Fill in the table indicating whether the new Each row and column heading describes a shock to a market initially in equilibrium. Fill in the table indicating whether the new equilibrium price and quantity will increase, decrease, or not change.
Quantity of pizzas demanded soared he following week from 1 pie an hour to 100 pies an hour. Illustrate what was the price elasticity of demand for Domino's pizza.
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
E;lucidate whether each among the subsiquent is an example of an automatic fiscal stabilizer.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd