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

Which of the following are TRUE regarding the argument that trade barriers protect U.S. workers from cheap foreign labor? I. Low-wage foreigners are just as productive as U.S. workers. II. U.S. workers have a comparative advantage in low-wage jobs

A) I only B) II only C) I and II D) Neither I nor II is correct.

When a regulatory agency uses marginal cost pricing to regulate a monopolist,

a. price will exceed marginal cost. b. production costs will probably exceed the total revenues of the monopolist. c. marginal cost will equal average total cost. d. social welfare could be improved if average cost pricing was used instead