A defendant believes there is an 80 percent chance that the plaintiff will win $1,000,000 and a 20 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 $1,000,000 and a 10 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $500,000 and the defendant's
litigation cost is $400,000. The plaintiff would be willing to accept any amount greater than ________ to settle.
A) $1,000,000
B) $400,000
C) $1,200,000
D) $500,000
B) $400,000
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Which four nations account for most of the population and economic activity in Latin America?
What will be an ideal response?
Suppose a farmer is a price taker in soybeans with cost functions given by TC = .1q2 + 2q + 100 MC = .2q + 2 Suppose the farmer has to purchase a license for $50 per period in order to stay in business. In this case, its marginal cost function is
a. still MC = .2q + 2 b. MC = .2q + 50 c. MC = .2q + 52 d. MC = 50
If you put $300 into an account paying 2 percent interest, what will be the value of this account in 4 years?
a. $320.69 b. $324.00 c. $324.73 d. $327.81
When income taxes are included in the basic macroeconomic model, the value of the
A. inflationary effect is increased. B. multiplier is increased. C. multiplier is decreased. D. expenditure function is increased.