Exercise 1. Suppose there are only two possible states of the world that could occur with equal probability. There are two assets (both risky). In the first state, asset 1 pays out $5 and asset 2 pays out $2. In the second state, asset 1 pays out $2 and asset 2 pays out $4. The investor is an expected utility maximizer with a log utility function. Solve for the optimal allocation of wealth to each asset.

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;

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