Your financial advisor offered an attractive investment option for you. He said on an investment of $20,000, he can promise a return of $4,000 in a year with probability 0.3, a return of $2,000 with probability 0.3, a return of $1,000 with probability 0.2, and a return of $0 with probability 0.2. 9. What is the expected value of this investment? a. $1,000 $2,000 C. $3,000 d. $4,000 10. Given utility of the following form, U(x) = VX, what is the EU of this investment? a. $14.63 b. $94.29 2 c. $38.71 d. $235.98

Select the word from the list that best fits the definition sometimes

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.