Answer:
The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.
The Second reason they are willing to pay so much less or lower is because the expected value will rarely reach over $10 because player would have to make it to the 5th flip in order to recoup their investment in which most of the players are unwilling and ready to take that risk.
Explanation:
Saint Petersburg Gambles
The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.
The Second reason they are willing to pay so much less or lower is because the expected value will rarely reach over $10 because player would have to make it to the 5th flip in order to recoup their investment in which most of the players are unwilling and ready to take that risk.
Answer:
I tried to order the information and prepared the following table:
Product A Product B Product C
Unit Selling Price = $650 $200 <u>e)$2,300</u>
Unit Variable Costs = $390 <u>c)$108</u> <u>f)$1,495</u>
Unit Contribution Margin = <u>a)$260</u> $92 $805
Contribution Margin Ratio = <u>b)40%</u> d)<u>46%</u> 35%
contribution margin ratio = (revenue - cogs) / revenue or
contribution margin ratio = contribution margin / revenue
Based on findings suggested by David Allen in his book titled "Getting things done, " one of the benefits of a next actions list is that it "provides clarity, peace of mind, and focus."
- When you have a Next action list available, it implies that you know what to do next as you finish one task.
- This is also based on the idea that finding what to do next coupled with how to do it can lead to mental stress.
Hence, in this case, it is concluded that one of the benefits of a next actions list is that it "provides clarity, peace of mind, and focus."
Learn more here: brainly.com/question/22001271
Answer:
The correct answer is letter "B": define the organization's purpose in society.
Explanation:
A company's mission reflects what is the purpose of the firms in regards to the impact with its surrounding society. It describes what product is going to be offered, what are the association's potential consumers, and in what sector of the society the firm will focus.
