Compounding daily (everfi) follow on ig stephhislit
Answer:
A.) - 2.6
B.) 0.4
Explanation:
Ticket price = $3
Winning price = $200
Probability of winning(Pwin) = (1/500)
Probability of not winning (Ploss) = [ 1 - (1/500)] = 499/500
Net income if Raul wins (Nwin) = $200 - $3 = $197(no refund)
Net loss if Raul does not win(Nloss) = - $3
A.) Expected value is calculated by;
(Pwin × Nwin) + (Ploss × Nloss)
((1/500) × 197) + ((499/500) × - 3)
0.394 - 2.994 = - 2.6
B.) Fair Value is calculated by;
Cost of ticket + Expected value
3 - 2.6 = 0.4
To find the answer, we first calculate the multiplier.
By using the equation,
ms= 1 ÷ (1 – MPC)
MPC = marginal propensity to consume = 0.8
ms= 1 ÷ (1 – MPC) = 1 ÷ (1 - 0.8)
= 5
Thus, the multiplier is 5.
An increase in government spending = $600 billion
Now, multiplied $600 billion by the multiplier, which is 5.
$600 billion x 5
= $3,000
Thus, the answer is $3,000 billion increase in real GDP.
The rate of labor force in the United States is expected to <u>grew significantly</u> by the year 2028 according to the Bureau of Labor Statistics.
<h3>What is Labor force?</h3>
A Labor force means the total number of people working and capable or working in an economy.
In conclusion, therate of labor force in the United States is expected to <u>grew significantly</u> by the year 2028 according to the Bureau of Labor Statistics.
Read more about labor force
<em>brainly.com/question/24939447</em>
<span>This means that there were customers that were wanting the Disney channel, but did not get it because it was too expensive. Once the price went down these customers bought the service. The cable company test showed that they should keep their prices for the Disney channel low to generate more revenue. Even if they only had one customer to begin with they would only be making $10.75, and when they lowed their prices they would be making at least $15.90.</span>
