At the beginning of the year, Tom's Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tom's capital stock at the end of year equals

All of the following are indicators of a nation's standard of living except

A. infant mortality rate. B. life expectancy. C. literacy rate. D. the inflation rate measured by CPI.

You can invest $100,000 into either project A or B. You estimate that A would succeed with a probability of 0.6 in which case it doubles in value. If it fails, its scrap value is $50,000 . Project B would succeed with probability 0.7, in which case it would have a value of $150,000 . If it fails, project B's scrap value is $30,000 . Which project should you invest in

a. Project A b. Project B c. Neither of the projects d. You cannot tell from the information presented