Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
PaulKet PaulKet
wrote...
Go to Answer
Posts: 488
Rep: 6 0
6 years ago
Lisa runs a local flower shop. If it rains on Valentine's Day and she opens the shop, she will lose $200. If it does not rain on Valentine's Day, she will earn $500 dollars as profits. What is Lisa's expected profit on Valentine's Day if she only knows that there is a 30% chance of rain that day?
A) $350
B) $290
C) $200
D) $150
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 127 times
1 Reply
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Replies
Answer verified by a subject expert
unExpectedunExpected
wrote...
#1
Posts: 267
Rep: 21 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
* Majoring in business & math

Related Topics

PaulKet Author
wrote...

6 years ago
You make an excellent tutor!
africa143
wrote...

Yesterday
This site is awesome
lipop
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1038 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1222
  
 39
  
 48
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Which of the following is the best resource to supplement your studies: