This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Alan is offered a gamble. Heads he wins 100, tails he wins 20 . If the game costs 60, would he play? ... (Read 83 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jul 1, 2018
Alan is offered a gamble. Heads he wins 100, tails he wins 20 . If the game costs 60, would he play?
 a. Yes he would play since the expected value is equal to the price of the play
 b. Yes he would play since the expected value of the play is higher than the price of the play
  c. No he would not play since the price of the play is higher than the expected value
 d. No he would not play since this is a fair bet and he is not being offered any risk premium

Question 2

Bid-rigging has all of these features EXCEPT
 a. It is a collusive agreement
 b. The bid-riggers pay a smaller amount than without bid-rigging
 c. Bid-riggers need an auxiliary mechanism to allocate the good within the bid-riggers
  d. Bid rigging is usually a legitimate and legal strategy for the buyer-side


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


nmorano1

  • Member
  • Posts: 598
Reply 2 on: Jul 1, 2018
:D TYSM

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

The Orbit and Tails of a Comet The Orbit and Tails of a Comet
Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove
Economic Costs of CVD Economic Costs of CVD
Bolts and screws have many different heads. The head determines what tool is needed. Bolts and screws have many different heads. The head determines what tool is needed.
The lower intake manifold attaches to the cylinder heads. The lower intake manifold attaches to the cylinder heads.
Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ... Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ...
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library