Answer:
Uncertainty over Reliable and Unreliable Product
a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25
b. The amount that this consumer will be willing to pay for the product if the firm offering the reliable product includes a warranty that will protect the consumer is $50.
c. This is because the stated maximum amount that the consumer is willing to pay for the reliable product is $50. She is not prepared to spend more than this amount on the reliable product.
Explanation:
a) Data and Calculations:
Unreliable Reliable
Maximum amount the consumer will pay $0 $50
Probability of reliability 0.5 0.5
Expected amount to pay for either product $0 $25 ($50 * 0.5)
a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25 ($0 + $25)
Answer:
D
Explanation:
Wealth is the value of all the assets a person owns
Beth is pondering on the value of all her assets less her debt. So, she is pondering on her wealth
Answer:
C. total cost is $3000
Explanation:
Fixed cost is $1000 no matter what per week.
Your output is 100 units, average cost to produce each is $20.
so 100 * $20 = $2,000
total cost is $3000
hope this helps
Answer:
Correct Answer:
D. Trickle Sort
Explanation:
A Sorting Algorithm is used to rearrange a given array or list elements according to a comparison operator on the elements. From the ones listed, only Trickle Sort is not part of it.
