1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vitek1552 [10]
2 years ago
12

I am a rational and risk-averse person, and I have an option of making the following bet: I receive $500 cash, after which I rol

l a normal 6-sided die. Whatever I roll, I must pay $200 times the value of the roll of the die (so if make the bet and roll a ‘2’, I get $500, then have to pay out $400, thus I win $100 in total). 10. If my goal is to maximize my personal utility, should I accept this bet, and does my exact level risk aversion affect whether or not I should accept the bet? I should accept the bet; the precise level of my risk aversion does not matter I should not accept the bet; the precise level of my risk aversion does not matter I should not accept the bet; the precise level of my risk aversion does matter There is not enough information to determine whether I should accept the bet or not; the precise level of my risk aversion does matter
Business
1 answer:
Tamiku [17]2 years ago
4 0

Answer:

I should not accept the bet; the precise level of risk aversion does matter.

Explanation:

Risk averse person is the one who is not willing to take the risk even if he is given high returns. Risk averse person will always avoid the risks. In the given scenario the person is risk averse. If he rolls out the dice he has to pay $200 times the dice number which means he just have two chance (dice rolls 1 or dice rolls 2) for getting return otherwise he will loose the bet and he will have to pay money from the pocket.

You might be interested in
In a department meeting, Jamira engages in a thoughtful dissent aimed at constructively challenging her manager, Shivana, to ret
kvasek [131]

Answer:

The correct answer is a) Constructive resistance.

Explanation:

Constructive Resistance is the ability of structural elements to withstand the efforts to which they are subjected without breaking. It depends on many factors among which the material used, its geometry and the type of union between the elements stand out.

6 0
3 years ago
Refer to Exhibit 9.3, which shows the cost and revenue curves for a non-discriminating monopolist. The total cost incurred by th
Gnom [1K]

Answer: $19,800

Explanation;

The Monopolist will maximize output at the point where Marginal Revenue equals Marginal Cost because at this point all resources are being fully utilized.

Total Cost = Average Total Cost * Quantity produced

At the point where MR=MC, the quantity produced is 1,100 units.

The Average Total Cost tallying with this is $18 per unit.

Total Cost = 18 * 1,100

= $19,800

3 0
3 years ago
Format of a presentation essay <br>​
egoroff_w [7]
Introduction
main body of presentation should include for/against if applicable and an evaluation of the points raised
a conclusion
8 0
2 years ago
Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months
Advocard [28]

Complete Question:

Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?

Group of answer choices.

A. Critical infrastructure category

B. Unstructured threat category

C. Highly structured threat category

D. Structured threat category

Answer:

B. Unstructured threat category.

Explanation:

An unstructured threat category is a term which describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders.

3 0
3 years ago
The generator is a popular youth hostel in london located near kings cross. The hostel provides a bed, showers, and breakfast in
seropon [69]

Answer:

The answer is $2000.

Explanation:

Total surplus = Consumer surplus + Producer surplus

                      = [ 0.5 (50-0) x ( 90 -45)] + [ 0.5(50-0) x (45 - 10)]

                      = [ 0.5 x 50 x 45] + [ 0.5 x 50 x 35]

                      = 1125 + 875

Total Surplus = $2000.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose that an installment plan calls for five payments to be made. The total paid in this plan is 20% more than the price woul
    10·1 answer
  • Shaffer Company presents the following data for 2012. Net Sales, 2012 $3,007,124 Net Sales, 2011 93,247 Cost of Goods Sold, 2012
    13·1 answer
  • in its first month of operations, Waterway Industries made three purchases of merchandise in the following sequence: (1) 370 uni
    11·1 answer
  • The predisposition in which people's subjective confidence in their decision making is greater than their objective accuracy is
    8·1 answer
  • The Turtle Society, a nongovernmental not-for-profit entity (NFP), receives numerous contributed hours from volunteers during it
    6·1 answer
  • The internal growth rate of a firm is best described as the: Multiple Choice Minimum growth rate achievable assuming a 100 perce
    15·1 answer
  • The demand for salt is inelastic, and the supply of salt is elastic. The demand for caviar is elastic, and the supply of caviar
    13·1 answer
  • Matthias Corp. had the following foreign currency transactions during 2017:
    15·1 answer
  • Describe the scale of marketing to kids, as referred to in your RWM reader. In your view, does this industry impact consumer rat
    8·1 answer
  • А.
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!