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You are considering selling your house. Your reservation value is $100,000. Your real-estate agent tells you that there is a 0.4 chance a random buyer will pay $150,000, a 0.25 chance the buyer will pay $200,000, a 0.1 chance the buyer will pay $250,000, and a 0.25 chance it will not sell. If you must commit to a posted price, what price maximizes profits?
Consider Albert Einstein's quote, "Sometimes one pays the most for things one gets for nothing," and the Russian proverb, "The only place to find free cheese is in a mousetrap." Do you agree with these statements? Why or why not? Keep in mind opportu..
Suppose there are two potential pools of customers for the gym. One group gets a high benefit from joining, but a smaller benefit from actually working out. Derive each consumer’s surplus before the fixed fee for a given variable price p. How will th..
q.specify how each of the following international transactions is entered into the u.s. balance of payments with
The U.S. government strongly encouraged unions to be formed in the early 1940s because they held the view that unions would help to
Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster.
Jose rents office space for $20,000 per year. He uses the office to fill out tax returns for 1
A generous university benefactor has agreed to donate a large amount of money for student scholarships. The money can be provided in one lump sum of $12 million in Year 0 (the current year), or in parts, in which $7 million can be provided at the end..
A bright OU student plans to win first prize in the Ohio University Scripps Innovation Challenge that began Jan 17 and ends March 13. He will invest his $10,000 winnings in a friend’s 5-year-old startup company and expects to gain 10% interest per ye..
How cost variance calculated? What does it mean when it's negative? What does it mean when it's positive? When evaluating a work package with a negative cost variance.
According to crowding out hypothesis, an increase in ---- will lead to increase---- and later on a crowding out of (a decrease in)------
below is a list of domestic output and national income figures for a given year. all figures are in billions. the
When either the costs of production or the benefits of consumption to individuals differ from those of society:
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