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Author Question: Refer to Scenario 5.9. Given that the probability of a positive faculty response is 75, Torrid ... (Read 17 times)

yoroshambo

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on: Jul 1, 2018
Refer to Scenario 5.9. Given that the probability of a positive faculty response is 75, Torrid Texts' expected profit under complete information would be
 
  A) 23.25 million.
  B) 45 million.
  C) 45.25 million.
  D) 45.75 million.
  E) 60 million.

Question 2

Which of the following is true regarding utility along a price-consumption curve?
 
  A) It is constant.
  B) It changes from point to point.
  C) It changes only if income changes.
  D) It changes only for normal goods.


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katkat_flores

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

D

Answer to Question 2

B


yoroshambo

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Reply 2 on: Jul 1, 2018
Excellent

bbburns21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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