Determine the expected winnings of a ticket
A lottery with 500 tickets gives one prize of $100, three prizes of $50 each, and five prizes of $25 each.
(a) Determine the expected winnings of a ticket.
(b) If a ticket costs $1, what is the expected value of the game?
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Determine a market where demand and supply are given by the QXS = -12 + PX and QXd = 90 - 2PX. Assume the government imposes a price floor of the $38, and agrees to purchase any and all units consumers do not buy at the floor price of $38 per unit
A $2 million school-bond issue bearing interest at the 15 percent payable annually and maturing in 25 year was sold at a price which a 20 percent annual rate of return to the investors.
It is important to use accurate, relevant, and reliable sources in a research paper. Discuss what do you need to consider when the searching for useful sources? Discuss how do you know when the sources are reliable?
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A lottery with 500 tickets gives one prize of $100, three prizes of $50 each, and five prizes of $25 each. Determine the expected winnings of a ticket.
Explain what relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Discuss in detail.
Explain the types of barriers to entry, and explain whether each type is likely to provide long-term monopoly power. What are the a locative and the distributive differences among the monopoly and perfect competition? What causes these differences
Suppose the President and Congress agree to a revenue-neutral plan to increase tax credits for production of green energy. One of President Osama's goals is energy independence for the United States.
Calculate whether the firm is operating efficiently, given that its objective is to minimize the cost of producing the given the level of output.
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