nsider the "St. Petersburg paradox" game: Toss a coin. If heads on this first throw, the payoff = $1 and the game is over. If not, toss the coin again. If heads on the second throw, the payoff = $2 and the game is over. If not, toss the coin again. If heads on the third throw, the payoff = $4 and the game is over. The game continues this way If the first time heads shows is on throw k, the payoff S2 and the game is over Suppose an individual with utility function U(z) -z1/2 What is the expected utility to this individual, of playing the game? What is the certainty equivalent of playing the game?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost. refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account

When many scrum teams are working on the same product, should all of their increments be integrated every sprint?