Answer:
A.) - 2.6
B.) 0.4
Explanation:
Ticket price = $3
Winning price = $200
Probability of winning(Pwin) = (1/500)
Probability of not winning (Ploss) = [ 1 - (1/500)] = 499/500
Net income if Raul wins (Nwin) = $200 - $3 = $197(no refund)
Net loss if Raul does not win(Nloss) = - $3
A.) Expected value is calculated by;
(Pwin × Nwin) + (Ploss × Nloss)
((1/500) × 197) + ((499/500) × - 3)
0.394 - 2.994 = - 2.6
B.) Fair Value is calculated by;
Cost of ticket + Expected value
3 - 2.6 = 0.4
Answer:
Explicit costs are the costs which requires the money to pay.
On the other hand, implicit costs refers to the benefit that is foregone by choosing some other work or doing some other activity.
Therefore,
Explicit costs are as follows:
1. Wages pays to his hired hand
2. Buys feed for his cows.
3. Gas expense that is used in truck
Implicit costs are as follows:
1. Foregone income of $27,000 from working at a dairy plant as a technician.
2. Time taken for extracting milk from all the cows.
Although there are many self-described roles for pr practitioners, they may be classified into just two role categories, which are Manager and technician.
The technician's obligations include monitoring and servicing structures, diagnosing problems and troubleshooting device, jogging exams and finishing reports, updating and enhancing current systems, and repairing or replacing faulty equipment.
A technician is an employee in a discipline of a generation who's proficient in the applicable ability and method, with surprisingly sensible expertise of the theoretical ideas.
an expert in the technical info of a topic or occupation a pc technician. : one who has received the technique of an art or other area of specialization a tremendous technician and a musician of integrity— Irving Kolodin.
Learn more about technicians here: brainly.com/question/2328085
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Answer:
D) Does the defendant have some level of minimum contacts with the state?
Explanation:
In law, a state court will have jurisdiction over an out of state citizen if the defendant complies with one of the minimum contacts requirements:
- having direct contact with the state
- have a valid contract with a citizen of the state
- sell products within the state limits
- attempt to provide goods or services to citizens of the state
- have a website that is viewed within the state
- Calder's effects test
Based on the survey data, what can be concluded about the market for coffee shops in the area?
Saturation has been reached.
According to the survey data, which business likely has the least supply in this town?
Shoe stores
