At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . Assuming a rational player, how much should the game owner charge the player, to maximize his own profit?

a. $30
b. $40
c. $50
d. $80


b

Economics

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Which of the following exchange rate policies uses a target exchange rate, but allows the target to change?

A) crawling peg B) flexible exchange rate C) fixed exchange rate D) moving target

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Suppose people value clean air more as their incomes increase. What would happen to the optimal amount of clean air as a country develops economically? Is there an economic prediction we can make from this?

What will be an ideal response?

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The distinctive feature of a progressive tax is that the dollar value of taxes paid rises as income rises

Indicate whether the statement is true or false

Economics

GDP per capita is a relatively good measurement of:

A. the distribution of income. B. purchasing power. C. household production. D. the standard of living.

Economics