Answer:
false
Explanation:
The Coase theorem states that parties in dispute should seek an optimal solution to their problem regardless of how property rights were initially distributed.
In this case, you need to find an agreement that satisfies both Darnell and Jacques regardless of who initially would have been considered to be right about the argument. Conflicts over rights to use property can be solved when parties settle on the efficient use of inputs. E.g. they could establish hours at which Darnell can listen to rock n' roll, and other hours when he shouldn't. That way both of them can enjoy the music they like and not bother the neighbors.
An optimal solution can always be reached regardless of initial distribution of rights.
Answer:
It will cost employer A more to hire another worker
Answer:
c. nuclear accident
Explanation:
Personal Auto Policy is the most common policy for the insured. However, Nuclear accident is not covered under this policy. The policy covers hail, collision with animals and birds as well as falling tree branches.
Answer:
15.68%
Explanation:
Now to get the expected return of the portfolio, we need to find the return of the portfolio in each state of the economy. This portfolio is a special case since all three assets have the same weight. To find the expected return in an equally weighted portfolio, we can sum the returns of each asset and the we divide it by the number of assets, so the expected return of the portfolio in each state of the economy will be :
Boom: RP= (.13 + .21 + .39) / 3 = .2433, or 24.33%
Bust: RP= (.15 + .05 −.06) / 3 = .0467, or 4.67%
Now to get the expected return of the portfolio, we multiply the return in each state of the economy by the probability of that state occurring, and then sum. In so doing, we get
E(RP) = .56(.2433) + .44(.0467)
=.1568, or 15.68%
Answer:
(a)Let X1 be the number of economy tires and X2 be the number of premium tires.
Objective function:
Maximize Z, where Z = 12X1 + 10X2
Subject to constraints
4X1/3 + X2/2 <= 600
4X1/5 + X2 <= 650
X1/2 + 2X/4 <= 580
X1/5 + X2/3 <= 120
X1, X2 = Z
(b) Check attachment for spreadsheet
(c) The maximum profit that can be obtained is $6032
