1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mrs_skeptik [129]
3 years ago
9

Suppose that you are participating in a game show. so far, you have won $10,000 free of tax and can leave with your winnings.how

ever, if you continue to play, you have a 50-50 chance of doubling your winnings or ending up with $7,500. what would you do?
Business
2 answers:
alisha [4.7K]3 years ago
8 0
Take that 50/50 chance.
olga nikolaevna [1]3 years ago
3 0

Answer

I would stop playing and leave with the $10000 free of tax

Explanation

The truth in such games is that they are not designed to be exactly 50/50. There are possibilities for outcomes that will tie or loose. Furthermore, a game that is really 50/50, the house will deduct some commission. These games always have a room for the house advantage, thus for me, I will just go with $10000 fortune!


You might be interested in
The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from
Ugo [173]

Answer:

C) The theory of Comparative Advantage

Explanation:

The theory of Comparative Advantage is a theory of international trade and it comes into effect in a situation where the <u>opportunity cost of producing a good or offering by a service by a country is lower than that of other countries. </u>

Specifically, to understand the theory of comparative advantage the opportunity cost of production or offering a service has to be measured in terms of the trade off between those countries. It simply means when a country has the comparative advantage then it derives more benefits from other countries buying its products as compared to buying their products and vice versa.

In the question, the European Union has the Comparative advantage over South Africa because the trade-off between buying South Africa's edible fruits and nuts and selling other products to South Africa benefits the European countries.

European countries derive more benefits because South Africa buys their goods at a cost higher than it takes them to produce while they buy at the normal cost from South Africa. The <u>trade-off benefits Europe </u>

8 0
3 years ago
Why is it important to understand the competition your business faces?
fomenos

Answer:

It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.

5 0
2 years ago
The increasing involvement of salespeople in _____________________ is one major reason why the average cost of a sales call has
Otrada [13]
It would be because of Non selling activities
8 0
3 years ago
Buying a new computer for which of these reasons is most likely a sound financial decision
Anna71 [15]

Answer:

The correct answer is "You need it to do your hw".

Explanation:

A computer today is more than just a piece of entertainment. Many professionals work from home with one of these and depending on the characteristics of the job they must evaluate which computer to buy. Thus, buying a new computer involves taking into account several factors that influence the decision financially.

Have a nice day!

3 0
2 years ago
Read 2 more answers
What is micro economy
Stella [2.4K]
Small economy I think or up close economy
5 0
3 years ago
Read 2 more answers
Other questions:
  • Forge Right Inc., a manufacturing company, developed a strategic plan that assumed improved growth in its industry. Additionally
    10·1 answer
  • Blossom Co. has a capital structure, based on current market values, that consists of 30 percent debt, 3 percent preferred stock
    5·1 answer
  • One of the most important cells in the human body is?
    13·1 answer
  • Which option best describes MacHack 6?
    10·1 answer
  • You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement
    7·1 answer
  • Which practice will help prevent data loss in case of a computer malfunction?
    5·2 answers
  • Harrington makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60%
    7·1 answer
  • The owner of a condominium hired a cleaning and junk removal service to clean his condominium after he moved. The parties agreed
    6·1 answer
  • Diversification is good for shareholders. So why shouldn't managers acquire firms in different industries to diversify a company
    12·1 answer
  • If a conventional loan is at 16% and the VA loan is at 15%, the lender will want to charge how many points to increase the yield
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!