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

Author Question: A person who wishes to avoid risk would pick which of the following choices? (Read 23 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

Which of the following chances has the biggest expected return?


◦ a 100% chance of getting $5,000
◦ a 40% chance of winning $10,000 and a 60% chance of winning $0
◦ a 50% chance of winning $10,000, 30% chance of winning $20,000 and a 20% chance of losing $20,000
◦ All of these have the same expected return.

Question 2

A person who wishes to avoid risk would pick which of the following choices?


◦ a 100% of getting $4,000
◦ a 50% chance of winning $8,000 or a 50% chance of winning $0
◦ a 50% chance of getting $8,000, 25% chance of getting $16,000 and a 25% chance of losing $16,000
◦ All of these are equal to a person who wishes to avoid risk.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Collmarie on Apr 19, 2019

Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

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.

Alterable and unalterable risk factors for hypertension. Alterable and unalterable risk factors for hypertension.
Risk Factors for Cancer Risk Factors for Cancer
Sample Menu: Carb Choices Sample Menu: Carb Choices
Risk Factors for Cardiovascular Disease Risk Factors for Cardiovascular Disease
Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure
Food security per person Food security per person
Video: Condensation and Hydrolysis Animation

For a complete list of videos, visit our video library