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diamong [38]
3 years ago
8

Under normal conditions (60% probability), Financing Plan A will produce a $30,000 higher return than Plan B. Under tight money

conditions (40% probability), Plan A will produce $40,000 less than Plan B. What is the expected value of return
Business
1 answer:
BabaBlast [244]3 years ago
8 0

Answer:

the expected value of return is $2,000

Explanation:

The computation of the expected value of return is shown below:

= Given percentage of amount + (given percentage of amount)

= 60% of $30,000  + (40% of -$40,000)

= $18,000 - $16,000

= $2,000

hence, the expected value of return is $2,000

The same should be considered and relevant

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Answer:

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Explanation:

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The supply curve is upward sloping. This indicates the law of supply which says, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

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Answer:

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