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Author Question: What's another term for positive externality? A) Negative externality B) Spillover cost C) ... (Read 249 times)

2125004343

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on: Jun 29, 2018
What's another term for positive externality?
 
  A) Negative externality
  B) Spillover cost
  C) Spillover benefit
  D) The pay-as-you-go principle

Question 2

A die is rolled and if the outcome is an even number, a gambler receives 10. If the outcome is an odd number, the gambler loses 10. What is the expected value of this game?
 
  What will be an ideal response?


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irishcancer18

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Probability of getting an even number = 3/6 = 1/2.
Expected value of getting an even number = 1/2  (10 ) = 5.
Probability of getting an odd number = 1/2.
Expected value of getting an odd number = 1/2  (-10 ) = -5.
Expected value of the game = 5 - 5 = 0.


2125004343

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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