The firm learns that the probability of launch estimated for the voice activated software was too optimistic and instead is actually 65%. Is it still worth for the company to develop the simplified software?
a. No, because the expected return is lower
b. No, because the expected return is higher
c. Yes, because the expected return is higher
d. Yes, because the expected return is lower
a
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There will be gains from trade when
A. the buyer values a product more highly than the seller. B. money is used as a medium of exchange. C. both the buyer and the seller attach the same value to the product. D. the buyer values a product less highly than the seller.
The Arrow impossibility theorem states that
A) it is impossible for a majority voting system not to consistently represent the preferences of voters. B) it is impossible to separate corporate desires from public bureaucracy. C) no system of voting can be devised that will ensure a 100 percent voter turnout. D) no system of voting can be devised that will always consistently represent the underlying preferences of voters.
Use the above table. What percentage of income is received by the richest 20% of the population?
A) 33.33 percent B) 16.67 percent C) 11.11 percent D) 40.00 percent
The fixed amount that the issuer of a bond agrees to pay the bondholder each year until the bond matures is called:
a. rent. b. coupon. c. interest. d. load. e. dividend.