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PaulKet PaulKet
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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. The chance of rain is 30%, what is Lisa's gain from perfect information about weather conditions on the forthcoming Valentine's Day?
A) 50
B) 60
C) 90
D) 150
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 218 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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RumkoRumko
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6 years ago
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PaulKet Author
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#2
5 years ago
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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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