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Expected Value
- The weighted average of payoffs or values resulting from all the possible outcomes.
- An Example
- Success -- stock price increase from $30 to $40/share
- Failure -- stock price decrease from $30 to $20/share
Q. What do you mean by Externality? An externality exists when the actions of one individual affect the wellbeing of other individuals without any compensation taking place. F
Hi I need help with elasticity. I think the problem has already been posted to your site.
homework assignments
1. What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities? 2. What are
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
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As there are natural monopoly market situations it is in the public interestto permit monopolies, but traditionally in the United States they are regulated with respect to price.
Why do some people believe that a mixed economic system solves basic economic problems? Ans) It is due to the private sector and public sector both have a say in answering the
Methods of Forecasting The various methods of forecasting demand may be grouped under the followings categories: Opinion Polling Method: In this method the opinion
Consumers purchase a house or multiple dwellings for a number of reasons. But what is the rationale behind their decision to buy and/or sell a house, flat or apartment? Do consumer
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