McDonald's Monopoly game is a popular contest the restaurant chain has offered for several years. The chances of winning a food prize are approximately 1 in 4. Here were the chances in 2011 for collecting the less common game pieces, each of which netted a nonfood prize. All values listed are approximate according to McDonald's. Mediterranean Avenue ($50 prize. 10,000 prizes)-1 in 61,811 Vermont Avenue ($100 prize, 3,000 prizes)-1 in approx. 206,036 Virginia Avenue ($200 Spa Wish Gift Certificate, 250 prizes)-1 in 2,472,425 Tennessee Avenue (Beaches Resort Vacation, 300 prizes)-1 in 2,060,354 Kentucky Avenue (S50,000,8 prizes)-1 in 77.263,275 Short Line Railroad (EA Sports Fan Trip. 8 prizes) --1 in 77.263,275 Ventnor Avenue ($100,000, 6 prizes)-1 in 103,017,700 Pennsylvania Avenue (SL. MY 12 Nissan Leaf, 2 prizes)-1 in 309,053,100 Boardwalk ($1,000,000, 1 prize)-1 in 618,106,200 a. What percent of the time would a player expect to win a food prize? What percent of the time would a player expect to not win a food prize?
b. Relatively speaking, were the chances of winning a food prize high?
c. If a player collected 12 game pieces, how many food prizes should he or she have expected to win? Would the player necessarily have won that many?
d. If a player collected 12 game pieces and won one food prize, what percent of the time did he or she win a food prize? How does that result compare to the answer in part a?

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.

Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms.if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.