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A mathematically fair bet is one in which the amount won will on average equal the amount bet,for example, when a gambler bets say, $100 for a 10 percent chance to win $1000 ($100=.10x$1000). Assuming diminishing marginal utility of dollars, explain why this is not a fair bet in terms of utility. Why is it even a less fair bet when the house takes a cut of each dollar bet? So is gambling irrational?
The impact of changing from a federal income tax to a federal consumption tax would be:
Effects on the exchange rate among the British pound and the Japanese yen.
Suppose the company wants to set its price equal to full cost plus 30 percent. To determine cost, the company must estimate the number of units it will produce and sell in a year.
Describe the dimensions of quality from micro- and macro-perspectives. What are the different formats or models and applications of quality? Discuss the top three in your opinion.
Illustrate what is your rate of return for each alternative for four stock prices one year from now. Summarize your results in a table that shows the rate of return on investment for all three alternatives.
Elucidate what was the actual price elasticity before the cartel was formed.
Explain if you were the production manager at BCAG, how would you justify the long-term nature of the contact with Thyssen Inc..
Explain how does this compare to other industrial economies. What is your opinion on this relationship of the budget deficit to GDP.
Explain how much would she need to make in revenues to earn positive accounting profits. If a firm makes positive economic profit it means that the firm earns normal profit.
Explain whether the evidence above suggests whether the dollar is appreciating or depreciating relative to the Euro. What is your conclusion? Explain how you come to that conclusion.
Asume that an individuals inverse demand for wireless services in the greater Atlanta.
You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..
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