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Llanis Llanis
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7 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. What is the value to Sarah of knowing ahead of time whether a variety will be retired?
A) $50
B) $5
C) $2.50
D) $0
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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TecShdwTecShdw
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7 years ago
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