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PaulKet PaulKet
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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.
D) $0.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 121 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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SaHiN22SaHiN22
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6 years ago
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PaulKet Author
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6 years ago
You make an excellent tutor!
aznzergs
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Yesterday
Thanks
missnoname
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2 hours ago
Correct Slight Smile TY
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