A defendant believes there is a 70 percent chance that the plaintiff will win $800,000 and a 30 percent chance that the plaintiff will lose and be awarded nothing (zero). The plaintiff believes that there is a 90 percent chance that they will win $800,000 and a 10 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $300,000 and the defendant's litigation
cost is $200,000. What is the defendant's expected loss from the litigation?
A) $550,000
B) $660,000
C) $420,000
D) $760,000
D) $760,000
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A school bus is an example of
a. a stationary source c. a nonpoint source b. a mobile source d. none of the above
In the monetarist version of the AD-AS framework, an increase in the money supply produces a __________ shift of the __________ curve
A) rightward; AD B) rightward; SRAS C) leftward; AD D) leftward; SRAS
The budget set defines the combinations of good X and Y that:
A. maximize the supplier's profit. B. maximize the consumer's utility. C. are desirable to the consumer. D. are affordable to the consumer.
Use the following data to answer the next question.The disposable income (DI) and consumption (C) schedules are for a private, closed economy. All figures are in billions of dollars.Disposable IncomeConsumption$0$88080160152240224320296400368If consumption increases by $10 billion at each level of disposable income, the marginal propensity to consume will
A. change, but the average propensity to consume will not change. B. not change, but the average propensity to consume will change. C. change, and the average propensity to consume will change. D. not change, and the average propensity to consume will not change.