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