The Mineco company owns a rare-earth element ore. If the land has ore and Mineco digs a mine they will make $1,000,000 profit. If the land does not have ore and Mineco digs Alternatively, the land could be sold for $400,000. A geologist has estimated that there is a 65% chance that the land contains ore. piece of land that may have a significant amount of recoverable ww. a mine they will lose $500,000 (5 points) Fill in the payoff table for this decision problem. There should be an entry in every box in the table below. a. State of Nature Alternative Prior Probability
b. Under the maximin decision criterion what should Mineco do?
c. Under the maximum likelihood criterion what should Mineco do?
d. Under Bayes' decision rule, what should Mineco do?
e. If Mineco is using Bayes decision rule,, what is the Expected Value of Perfect Information for this problem?

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p

Afamily wishes to save for future college expenses. which financial tool should the family invest in?