There are two events, 1 and 2. the probability of event 1 is p and the probability of event 2 is 1 – p. sally kink is an expected utility maximizer with a utility function is pu(c1) + (1 – p)u(c2), where forany number x, u(x) = 2xif x < 1,000 and u(x) = 1,000 + xif xis greater than or equal to 1,000.
a. sally is a risk lover.
b. sally will be a risk averter if she is poor but will be a risk lover if she is rich.
c. sally will be a risk lover if she is poor but a risk averter if she is rich.
d. if there is no chance of her wealth exceeding $1,000, then she will take any bet that has positive expected net winnings.
e. none of the above

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.