A defendant believes there is a 70 percent chance that the plaintiff will win $800,000 and a 30 percent chance that the plaintiff will lose and be awarded nothing (zero). The plaintiff believes that there is a 90 percent chance that they will win $800,000 and a 10 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $300,000 and the defendant's litigation
cost is $200,000. What is the plaintiff's expected value from the litigation?
A) $375,000
B) $420,000
C) $760,000
D) $520,000
B) $420,000
Economics
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a. fraction of spending paid in taxes. b. fraction of income paid in taxes. c. incremental rate of tax on income. d. average deadweight loss from all taxes.
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All but which one of the following are cash transfer programs?
A. TANF. B. Supplemental Security Income (SSI). C. Low-rent public housing. D. Social Security.
Economics