Are renting and leasing an apartment the same thing? read your choices carefully and choose the one correct answer. a. false. renting usually means you have a month-to-month agreement. leasing usually means you have a much longer agreement. b. false. leasing does not have a set time frame and the agreement can be changed every 30 days. renting has a definitive time frame and nothing can be changed until that time frame has expired. c. true. they can be used interchangeably. d. false. you can only lease a car not a house or an apartment.

Your company is starting a new r& d initiative: a development of a new drug that dramatically reduces the addiction to smoking. the expert team estimates the probability of developing the drug succesfully at 60% and a chance of losing the investment of 40%. if the project is successful, your company would earn profits (after deducting the investment) of 9,000 (thousand usd). if the development is unsuccessful, the whole investment will be lost -1,000 (thousand usd). your company's risk preference is given by the expected utility function: u(x) v1000 +x, where x is the monetary outcome of a project. calculate the expected profit of the project . calculate the expected utility of the project . find the certainty equivalent of this r& d initiative . find the risk premium of this r& d initiative e is the company risk-averse, risk-loving or risk-neutral? why do you think so?