Answer:
The numbers are missing, so I looked for a similar question (see attached image).
- the expected value for option A (modernize everything) = (0.5 x $90,000) + (0.5 x $25,000) = $57,500
- the expected value for option B (modernize only second floor) = (0.4 x $80,000) + (0.6 x $70,000) = $74,000
- the expected value for option C (do nothing) = (0.3 x $60,000) + (0.7 x $33,000) = $41,100
The option with the highest expected value is option B (modernize only second floor).
Answer:
1 unit of X must be sacrifised to gain a unit of Y, with satisfying Budget Constraint .
Explanation:
Budget Line shows the product combinations that a consumer can buy with given prices & money income (spending all) . Equation : P1X1 + P2X2 = M
Price ratio slope of the budget line i.e = P1/P2 : shows the amount of a good needed to be sacrifised to gain a unit of the other good , given prices & income.
So, Price Ratio : PX / PY = 2 / 2 = 1 in this case; implies 1 unit of Good X is needed to be sacrifised to gain a unit of good Y with given prices & income.
Answer:
(C) Debit Cash, credit Unearned Revenue.
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,000,000
To Unearned revenue A/c $2,000,000
(Being the receipt of cash is recorded)
Since the cash is received so we debited the cash account as it increases the current assets and credited the unearned revenue account as it is a current liability account so the same is to be credited
Answer:
d. Both results are approximately the same
Explanation:
As there is no interaction
One-half factorial will give half of the result of the experiment.
When there is a lack of resources, we also do the one-half factorial to complete the full factorial experiment.
Hence, both provide the approximately same outcomes of the experiment.
