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, 22.06.2019 00:10, kadestew21
A50-foot ladder is leaning against a vertical wall. if the base of the ladder is 45 feet from the base of the wall, find the angle the bottling of the ladder makes with the ground.
Answers: 1
Mathematics, 22.06.2019 04:00, nssjdjsididiodododod
The bottom of ignacio's desktop is 74.5cm from the floor. ignacio's sits in his adjustable chair, and the tops of his legs are 49.3cm from the floor. each clockwise rotation of the knob on the chair raises ignacio's legs by 4.8cm. write an inequality to determine the number of clockwise rotations, r, ignacio could make with the knob without his legs touching the desk
Answers: 1
You are hoping to take advantage of an opportunity to operate a small business this summer. In order...
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