Exercise 4.24 (a) find the yearly rate of return of an investment that, for an initial cost of 100, returns 110 after 2 years; (b) find the expected value of the yearly rate of return of an investment that, for an initial cost of 100, is equally likely to yield either 120 or 100 after 2 years.

answer; possession utility;

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

lives by a moral and ethical code

answercontrol is returned to method c;