$500 and there are two companies he could invest X dollars in: Dog Gone Salon, which has a payoff of 2X with 50% probability and $0 with 50% probability and Pretty Kitty Grooming, which has a payoff of 4X with 25% probability and $0 with 75% probability. Dean's expected payoff from investing $250 in both Dog Gone Salon and Pretty Kitty Grooming is:
A. $62.50.
B. $500.
C. $750.
D. $250.
B. $500.
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Refer to Figure 4.7. You should definitely ask for points if you believe that ________ of your classmates have asked for points
A) five or fewer B) less than five C) six or more D) more than six
Refer to the above figure. The firm's short-run shutdown price is
A) at $1. B) at $2. C) at $4. D) above $4.
Some years ago, chemists at 3M Corporation were trying to create a super-strong glue. Somehow they got their molecules twisted and came up with one of the weakest glues ever made. But, rather than pouring it down the drain, they tried coating some paper with it, and the "Post-It Note" was born. In this case, 3M was acting as a(n)
A) utility. B) rationer. C) entrepreneur. D) abstraction.
The H1B visa program is designed:
a. to keep out undocumented workers. b. to encourage bright U.S. college students to study abroad. c. to attract scientists and engineers from other nations to help U.S. industry prosper. d. to have a way to force foreign students to go back to their native lands after graduation.