Curly is offered the following gamble: a 25 percent chance of winning $1,500 and a 75 percent chance of losing $500. This is a(n):
A. fair gamble.
B. unfair gamble.
C. better-than-fair gamble.
D. almost-fair gamble.
Answer: A
Economics
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Suppose the reserve requirement is 15 percent. Which of the following is true? a. The simple money multiplier is 15
b. The simple money multiplier is 1/15. c. The simple money multiplier is 30,000. d. The simple money multiplier is 1/30,000. e. The simple money multiplier is 1/0.15.
Economics
All of the following practices increase a firm's profit by extracting more consumer surplus than can be obtained by simple monopoly pricing except which one?
A) commodity bundling B) all-or-nothing offers C) two-part pricing D) linear pricing
Economics