Suppose you face a choice between a certain income of $2,000, or a 50-50 chance of income of $1,000 or $3,000. Suppose you prefer the certain $2,000. You are risk averse.
a. True
b. False
Suppose that a disease affects 5% of the population and that everyone is equally likely to get the disease. Treatment for this disease costs $38,000. Assume that this disease, and necessary treatment, represent the only healthcare costs in this population. The expected cost of healthcare is $. If people to pay the expected cost of healthcare with certainty, rather than take on the 5% risk of having to pay the full cost of the treatment, they are risk averse.
Answers: 3
Business, 22.06.2019 01:30, rachelkim999
Diversity is an obstacle all marketers face: true false
Answers: 2
Business, 22.06.2019 10:20, christianconklin22
The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?
Answers: 3
Business, 22.06.2019 14:30, dabicvietboi
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
Business, 22.06.2019 21:00, mattsucre1823
Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.
Answers: 2
Suppose you face a choice between a certain income of $2,000, or a 50-50 chance of income of $1,000...
Spanish, 01.07.2019 16:10