Here is the answer that completes the statement above.
Regarding the situation of Toby who runs a small deli downtown, if he is already maximizing his profits, therefore, we can say that the number or amount of delis will soon increase or rise. Hope this answers your question.
Answer:
A. Volatility
Explanation:
Volatility refers to high level of fluctuations with little or no consistency. It also refers to the variation in an activity with no constancy.
In the given case, Andrew keeps on swapping jobs within a short duration of time, and in varied fields of little similarity. This conveys a high degree of volatility in Andrew's work habits since he is unable to stick to one job or a field of job.
The changes in his employment structure reveal a pattern of high level of deviations, fluctuations referred to as Volatility.
I would buy a Chromebook. I would buy a Chromebook because I would be able to do stuff like school work and it would be very helpful so that way I wouldn’t have to narrow my moms Chromebook. That is what I would buy with a million dollars.
Answer:
Expected payoff from insurance:
$1000*0.20 = $200
0*0.80=0
Expected payoff is $200
He pais $400 for insurance.
He gains only if there is a flood, but he has an expected loss of $200
