In general, the demand for the product of a monopolistic competitor is

One of the major reasons why the United States exports jet airplanes is because Boeing faces ________ opportunity cost than firms in other nations in the production of such aircraft

A) an unrelated B) a lower C) a higher D) an identical E) a nonexistent

Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . If Samantha is offered full coverage for her house at $1,500, what is her expected wealth with the insurance policy?

a. $80,000 b. $87,000 c. $97,000 d. $98,500