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Author Question: Refer to the scenario above. What is the probability of winning? A) 16.66 B) 33.33 C) 45.55 D) ... (Read 18 times)

abern

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  • Posts: 533
on: Jun 29, 2018
Refer to the scenario above. What is the probability of winning?
 
  A) 16.66
  B) 33.33
  C) 45.55
  D) 66.66

Question 2

If a seller enjoys a producer surplus of 30 when he sells a good for 79, his reservation value for the good is ________.
 
  A) 30
  B) 49
  C) 79
  D) 109


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macmac

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

B

Answer to Question 2

B


abern

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

jackie

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

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