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Author Question: A recent medical study shows that peanuts are one of the leading causes of high cholesterol. This ... (Read 54 times)

vicotolentino

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on: Jul 1, 2018
A recent medical study shows that peanuts are one of the leading causes of high cholesterol. This would cause the demand for peanuts to
 a. Shift to the left
 b. Shift to the right
 c. go down the demand curve
  d. not change

Question 2

Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values 40, 30, 20, and 10 respectively. The expected value is:
 a. 22
  b. 24
  c. 26
  d. 28


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cloud

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


vicotolentino

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

mjenn52

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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