Alex, who is risk-neutral, is looking for an one-bedroom apartment to rent for the month of August while he's on vacation in Seattle. All of the one-bedroom apartments in the neighborhood where he wants to stay are of equal quality, but 70 percent rent for $700 per month, 20 percent rent for $600 per month, and 10 percent rent for $500 per month. The first apartment Alex finds rents for $700 per month. If the cost to Alex of searching for an apartment is $40, then searching for another apartment is a gamble with an expected value of:

a. -$10.
b. $0.
c. $10.
d. $20.

b. $0.

Explanation:

We need to find the expected value of the gamble which is compared to $700. Given that there is apartments where 70 percent rent for $700 per month, 20 percent rent for $600 per month, and 10 percent rent for $500 per month. The cost to Alex of searching for an apartment is $40.

Expected cost of searching the next apartment = 700*0.7 + 600*0.2 + 500*0.1 + 40 = $700.

Now the first apartment has a rent of $700 and the expected cost of searching the next apartment is also $700. This implies the gamble has an expected value of $0 and Alex is indifferent between searching or non searching.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it