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Lerok [7]
3 years ago
12

Individuals and companies respond to incentives in order to allocate their scarce resources in ways that provide the __________

possible returns to them. Highest or lowest?
Business
2 answers:
Crazy boy [7]3 years ago
8 0

Answer:

highest

Explanation:

In a market system with scarce commodity, the best possible option is to optimize the use of the scarce commodity in order to ensure that the highest return is obtained from the operation. When there is a scarce commodity, there is a need to use the commodity effectively and efficiently. Therefore, the correct option to the question is 'highest'.

MakcuM [25]3 years ago
7 0
Lowest because to show how scarce it is it will have to be low 
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olganol [36]

Answer:

False. This is because 1 is an odd number and that it is too low in value.

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Suppose that $1 lottery tickets have the following probabilities and values: 1 in 5 to win a free ticket (worth $1), 1 in 100 to
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Answer:

$0.36

Explanation:

Expected value of the lottery ticket = (p1 x a1) + (p2 x a2) + (p3 x a3) + (p4 x a4)

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a1 = $1

p2 =  probability of winning $5 = 1/100 = 0.01

a2 = $5

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p4 =  probability of winning $1 million = 1/10,000,000 = 0.0000001

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(0.2 x 1) + (0.01 x 5) + (0.00001 x 1000) + (1,000,000 x 0.00001) = $0.36

4 0
3 years ago
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Scorpion4ik [409]

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D

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Chance to win 50 points
Elenna [48]

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I feel like this is the right answer, I'm just guessing.

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