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zloy xaker [14]
3 years ago
6

maxdama There are closed envelopes with $2, $4, $8, $16, $32, and $64 lined up in sorted order in front of you. Two envelopes ne

xt to each other are picked up and shuffled. One is given to you and one is given to your friend. You and you friend then open your own envelopes, look inside, and then decide whether or not to offer to trade. If you both agree to trade, then you will swap. Assume you open your envelope and see $16. Should you offer to trade?
Business
1 answer:
alexdok [17]3 years ago
5 0

Answer:

No, I wouldn't trade.

Explanation:

Originally there were 6 envelopes with money, so both my friend and I had equal chances (1/6) of getting X amount of money.

Since I got $16, that means that out of the remaining 5 possibilities, only 2 of them contain an amount higher than $16. And one of those possibilities is $64 which is the highest possible amount. If my friend has $64 in his envelope, he will definitely not trade, so that eliminates the $64 possibility.

The only four possibilities left are $2, $4, $8, and $32. Only one of them is higher than $16, while three are lower. So the chance that I get less than $16 is 3/4 or 75%.

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When a firm produces only a single product or service and attempts to sell it to two or more market segments, it avoids the added costs of developing and creating additional categories of the product. This is an example of one product and multiple market segments.

<h3>What is one product and multiple market segment situations?</h3>

This is a situation where a business targets more than one market at a time using one product.

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Learn more about one product and multiple market segments at:

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2 years ago
Dawnell is a skilled dancer. She is currently teaching modern dance full time for three high schools and makes $44,000 a year. S
Troyanec [42]

Answer: d. a two year opportunity cost of $40,000 after leaving her teaching position.

Explanation:

Hi, to answer this we have to analyze the information given.

The difference between teaching modern dance and joining a touring dance company per year is:

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We simply subtracted the earnings per year at the touring dance company to the earnings per year of teaching modern dance.

The opportunity cost per year is $20,000.

Since she is joining the touring dance company for 2 years, the opportunity cost is:

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Dawnell’s decision will result in a two-year opportunity cost of $40,000 after leaving her teaching position. (option d)

8 0
3 years ago
Read 2 more answers
Ralph Chase plans to sell a piece of property for ​$170000. He wants the money to be paid off in two ways monica ​short-term not
Crazy boy [7]

Answer:

amount paid at a rate of 9% = 90000

amount paid at a rate of 7% = 170000-90000=80000

Explanation:

We have given total amount = $170000

Let amount paid at rate of 9% is x

Then amount paid at a rate of 7% = 170000-x

We know that sum of individual interest will be equal to total interest

So 0.09\times x+(170000-x)0.07=13700

9x+1190000-7x=1370000

2x=180000

x=90000

So amount paid at a rate of 9% = 90000

And amount paid at a rate of 7% = 170000-90000=80000

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3 years ago
How much would you pay today for an asset that pays $1,000 per month, for 12 months, starting today if the interest rate is 4% A
shutvik [7]

Answer:

Explanation:

Present value of Annuity will be used for this as the future payments are given  after equal intervals.

PV of an Annuity = C x [ (1 – (1+i)^-n) / i ]

Where,

C is the cash flow per period

i is the rate of interest

n is the frequency of payments

add given Values in the formula:

$1,000 x [ (1 – (1+4%)^-12) / 0.04 ]= $9387.5 is the Answer

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3 years ago
Deirdre's business purchased two assets during the current year (a full 12-month tax year). Deirdre placed in service computer e
nikitadnepr [17]

Answer:

D. $5,786.

Explanation:

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Therefore, The maximum depreciation expense, (ignoring §179 and bonus depreciation). (Use MACRS Half-Year Convention)  is $5786

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