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 129 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
Excellent

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Alan Price - Poor People Alan Price - Poor People
Proteins play an important role in keeping your skin healthy and your nails strong Proteins play an important role in keeping your skin healthy and your nails strong
Rock Cornish Game Hen Rock Cornish Game Hen
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Otitis Media

For a complete list of videos, visit our video library