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 61 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
:D TYSM

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

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.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Manganese helps Deinococcus radiodurans to avoid radiation damage. Manganese helps Deinococcus radiodurans to avoid radiation damage.
Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care
Focus on older adults - risk for infection Focus on older adults - risk for infection
Algorithm for assessing a patient at risk for suicide. Algorithm for assessing a patient at risk for suicide.
Risk assessment codes for an HIV-infected patient. Risk assessment codes for an HIV-infected patient.
Risk & Aseptic Processing - RABs Filling Line Risk & Aseptic Processing - RABs Filling Line
Video: Oogenesis Animation

For a complete list of videos, visit our video library