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Lisa just inherited a vineyard from a distant relative. In good years (when there is no rain during harvest season) she earns R100 000 from the sale of grapes from the vineyard. If the weather is poor she loses R20 000. Lisa's estimate of the probability of good weather is 60%.
i. Calculate the expected value and the variance of Lisa's income from the vineyard.
ii. Lisa is risk averse. Ethan a grape buyer, offers Lisa a guaranteed payment of R70 000 each year in exchange for her entire harvest. Will Lisa accept this offer? Explain
iii. Why might Ethan make such an offer?
Demand and supply situations in perfectly competitive market for unskilled labor are as follows, Estimate the industry equilibrium price or output combination both graphically and algebraically.
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Economists generally agree that U.S. antitrust policy is complex, changing over time, divided among several U.S. federal government agencies, and subject to frequent court reversals. The underlying question remains whether the U.S. needs more or less..
prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the
What is the equation for the Marginal Social Cost curve? Use this to figureout what the socially optimal amount of widgets is. Is the socially optimal thesame amount as you found in part (a)?
During its current tax year (year one), a pharmaceutical company purchased a mixing tank that had a fair market price of $120,000. it replaced an older, smaller mixing tank that had a BV of $15,000.
The original consumer equilibrium before the tax and the impact of the tax on the budget line and the new consumer equilibrium after the imposition of the tax.
Select 6-10 indicators that are of particular relevance to your firm and explain why. Next, outline a strategy for how the firm should respond to the information provided by the economic indicators with the goal of maximizing revenues in the years..
Affect resource conservation and the speed of depletion?
The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is high enough so that the firm's total costs exceed its total revenue.
Our company must replace an obsolete machine press. We have two bids that are summarized below. Both of the presses fall into the MACRS 5 year property classification. Our company uses an after tax MARR of 12% and MACRS depreciation. Our company fall..
What minimum stopping time interval in needed to avoid injury to the knee if the person is initially traveling at 16 m/s (36 mi/h) and What is the minimum stopping distance?
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