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

d

Economics

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Which of the following market types has the fewest number of firms?

A) perfect competition B) monopolistic competition C) oligopoly D) monopoly E) perfect competition and monopolistic competition

Economics

"Although the price levels appear to display short-run stickiness in many countries, a change in the money supply creates immediate demand and cost pressures that eventually lead to future increase in the price level." Discuss

What will be an ideal response?

Economics