Frank is considering moving to Denver. There is a 70 percent chance that he will find a job that pays $1,000 more than what he currently earns and a 30 percent chance he will find one that pays $3,000 less. The expected value of moving to Denver is:

A. $200.
B. -$200.
C. $700.
D. $900.

Answer: B

Economics

Monopolists can earn positive economic profits in the long run because they are more productively efficient than perfectly competitive firms

a. True b. False

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Economics

Which tax form would you select for a Partnership?

a. Form 1120 b. Form 1120S c. Form 1065 d. Form 1040S

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Economics