Business, 17.12.2019 03:31 Mistytrotter

Moe, larry and joe each have 4 dollars to spend on candy at school. their utility function sareum=√cm, ul=clanduj=c2j, respectively, where denotes the consumption ofcandy. the price of candy is $1 per unit. unfortunately there is a 50% chance that donald, the school bully, will mug them on their way buy candy. if that happens they loose all theirmoney.(a) find the expected consumption of candy for each of them.(b) find the expected utility for each of them.(c) assume now that each of them can buy "protection" from the school tough-but-nice guyat $2 per person. which of the three friends will buy it

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answer; ///i believe the answer is (d) procedures to control the quailty of your product;

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explanation:

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It will be beneficial, because it can reduce interest rates and loan terms. this means that you will be paying close to the amount you have borrowed and will have to pay little to no interest paymentshope this

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of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

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