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Llanis Llanis
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6 years ago
Sarah buys little stuffed animals for $5 each. They come in different varieties. If the producer stops making (retires) a certain variety, a stuffed animal of that variety will be worth $100; otherwise it is worth $0. There is 50% chance that any variety will be retired. When Sarah buys her next stuffed animal, the expected profit is
A) $50.
B) $47.50.
C) $45.00.
D) $0.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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ChronosChronos
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6 years ago
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3 years ago
thankyou
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