Instruction 17-7
the Following Payoff Table Shows Profits Associated with a Set

question 106

Short Answer

Instruction 17-7
The following payoff table shows profits associated with a set of two alternatives under three possible events.
$$\begin{array} { l l l } \text { Event } & \text { Action A } & \text { Action B } \\\hline 1 & 1000 & 1200 \\2 & 500 & 700 \\3 & 300 & - 200\end{array}$$
-Referring to Instruction 17-7,what is the return to risk ratio for Action B?

Analyze the role and evolution of corporations in the global economy, including during the Great Recession.

Understand the distinctions and uses of average and marginal propensity to save and consume.

Identify the effects of computerization and investment decisions on inventory levels.

Comprehend the significance of ownership and control in corporate structures.

---

Definitions:

Elastic

Describes the sensitivity of demand or supply for a good or service to changes in its price, with higher elasticity indicating greater sensitivity.

Tax Burden

The total amount of taxes imposed on an individual, company, or economic sector by the government, often expressed as a percentage of income or GDP.

Slightly Elastic

Refers to a situation where a small change in price leads to a relatively small change in the quantity demanded or supplied.

Very Inelastic

Describes a situation where demand or supply hardly changes in response to changes in price.