Jason is a Web page designer. He estimates that this summer, he has a 0.6 probability of making $10,000 and a 0.4 probability of making only $2,000. What is Jason's expected income this summer?
A) $12,000
B) $6,800
C) $6,000
D) $10,000
B
Economics
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Explain how and why an all-volunteer army may actually be cheaper than an army staffed with drafted soldiers
What will be an ideal response?
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The demand curve faced by a monopolistically competitive firms is
A) horizontal. B) vertical. C) downward sloping. D) unitary elastic.
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Monopoly power in a market causes:
A. monopolists to profit. B. governments to never allow them. C. market surplus to be constant D. consumers to gain.
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Which of the following will reduce the velocity of circulation of the money stock?
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