Katy has an ailing and wealthy, but miserly, parent. The parent has told Katy that if she takes care of him until he dies, then she will get $100,000 in inheritance
Katy knows that there is only a 50-50 chance that her father will leave her the full amount or nothing. To take care of her father, she has to take a job that pays $30,000 where her current job pays her $70,000 per year. If her father is expected to pass away in 1 year, what is Katy's expected wealth if she takes care of her father? A) $130,000
B) $90,000
C) $80,000
D) $70,000
C
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The Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association were established by Congress in order to regulate banks that buy and sell mortgage-backed securities
Indicate whether the statement is true or false
A sandwich shop has six months left on its lease to its storefront and equipment and currently employs three workers who work on an on-call basis, with no contract. Ingredients are bought daily. How long is the long run for the sandwich shop?
A. A year, the typical term for long run, as there is nothing unusual about this business B. The long and short run are the same in this case C. Six months, after which all inputs listed become variable D. None of these is true.
Market economies are more decentralized than planned economies
a. True b. False
In comparison to perfect competition, monopolistic competition is characterized by
a. efficient scale. b. pricing at marginal cost. c. excess capacity. d. All of the above are correct.