The answer for this problem would be 31
23,250
Because 4,650 times 5 is 23,250
Answer: the winnings are reduced
Step-by-step explanation:
Given 10 percent chance to win $1,000 for $100. That is
Gain = $900
Assuming diminishing marginal utility of dollars, when the utility of the gain and the money used for bet are considered, it is discovered that the utility of the $100 used to make the bet is greater than the $900 that you might gain if you win the bet.
this is not a fair bet in terms of utility because the winnings are reduced.
Answer:
17-6k
Step-by-step explanation:
-17k+k=6k
I think the answer is 35 grams but it might be something else