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cheesyboots cheesyboots
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A year ago

Consider two options: (A) you receive a guaranteed payment of $100; (B) a coin is tossed and if heads comes up, you win nothing; if tails comes up, you win $200. The expected payoff for option B is:



▸

$200



▸

$100



▸

$300



▸

$75



▸

There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
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choroni64choroni64
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A year ago
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cheesyboots Author
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A year ago
Smart ... Thanks!
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You make an excellent tutor!
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