Mathematics, 21.02.2020 21:04 devbar3416
You are hoping to take advantage of an opportunity to operate a small business this summer. In order to provide your services to potential customers, you will need to hire one worker. If you hire a "hard-working" employee, you will make $5,000 in profit. If you end up with a "lazy" employee, you will only make $1,000 in profit. There is an 80 percent chance that you will hire a "hard-working" employee and a 20 percent chance that you will hire a "lazy" employee. Suppose you have a utility function of the form u=x^3/4, where X is the amount of profit you make.(a) What is your expected utility this summer?(b) Cindy is an employment consultant and an infallible judge of talent and character. After an interview, she can state with certainty whether the worker will be "hard-working." Would you be willing to pay her $1,000 for her services? Explain.(c) What is the maximum amount you would be willing to pay Cindy?
Answers: 2
Mathematics, 21.06.2019 22:00
Serena is making an experiment. for that, she needs 20 grams of a 52% solution of salt. she has two large bottles of salt water: one with 40% and the other with 70% of salt in them. how much of each must she use to make the solution she needs? i am in need of
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Mathematics, 21.06.2019 23:20
1. ∠1 is complementary to ∠2 and ∠3 is complementary to ∠2. subtraction property of equality 2. m∠1 + m∠2 = 90 and m∠3 + m∠2 = 90 substitution 3. m∠1 + m∠2 = m∠3 + m∠2 definition of complementary 4. m∠1 = m∠3 given
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Mathematics, 22.06.2019 03:00
Which aspect of electronic commerce does the ftc regulate? a. encryption and transfer of data b. disposing of credit reports c. network security d. antivirus software updates
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Mathematics, 22.06.2019 04:00
Identify reflection rule on a coordinate plane that verifies that triangle a(-1,7), b(6,5), c(-2,2) and a’(-1,-7), b(6,-5), c’(-2,2) triangle are congruent when reflected over the x-axis
Answers: 1
You are hoping to take advantage of an opportunity to operate a small business this summer. In order...
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