At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $50 to play, would an individual gain or lose from playing the game
a. Gain
b. Lose
c. Breakeven-neither gain nor lose
d. None of the above
b
You might also like to view...
Without changes in MC to maximize profits, the firm will produce at point ________ on the new demand curve and lower price to ________
A) E1; P1 B) E0; P0 C) E2; P2 D) E0 or E1; P0
If the cost of capital decreased to 1%, does the firm invest in the new technology?
a. Yes because the NPV>0 b. Yes because the NPV=0 c. Need information on the marginal benefits and costs d. No because the NPV<0
Assuming the most typical shapes of the demand and supply curves, which of the following could lead to an increase in the current equilibrium price for personal computers?
a. a decrease is the price of computer chips b. a decrease in buyers' incomes, assuming that computers are a normal good c. a technological improvement that reduces manufacturing costs d. expectations of a higher future price e. an increase in the price of computer software
Which of the following is true?
a. The federal budget deficit is a flow and so is the national debt. b. The national debt is both a stock and a flow. c. The federal budget deficit is a stock and the national debt is a flow. d. The federal budget deficit is a flow and the national debt is a stock. e. The federal budget deficit is a stock and so is the national debt.