A defendant believes there is a 70 percent chance that the plaintiff will win $200,000, a 10 percent chance the plaintiff will win $150,000 and a 20 percent chance the plaintiff will lose and receive nothing (zero). If the defendant's litigation cost is $100,000, what is the defendant's expected loss from the litigation?
A) $150,000
B) $255,000
C) $300,000
D) $155,000
B) $255,000
Economics
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In the table above, if the cost of capital is $20 per day and an hour of labor is $15 per day, which method is economically efficient?
A) A B) B C) C D) D
Economics
Because a monopolist must cut its price to increase its sales by one unit,
a. MR > P at every output level. b. MC > MR at every output level. c. P > MR at every output level. d. MC > P at every output level.
Economics
A tight monetary policy tends to ____________ our net exports.
Fill in the blank(s) with the appropriate word(s).
Economics
For a competitive firm the marginal revenue product of labor is usually downward sloping
What will be an ideal response?
Economics