In Many Popular Board Games, a Player Rolls Two Dice

question 22

Multiple Choice

In many popular board games, a player rolls two dice and moves the number of spaces equal to the sum shown on the dice. Here is the assignment of probabilities to the sum of the numbers on the up faces when two fair dice are rolled: Suppose Scott and Jennifer each rolls a sum of 9 on their first rolls. What is the probability that Quint will have a greater sum on his first roll?

• A) 0
• B) 1/6
• C) 1/12
• D) 5/18
• E) 1

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Definitions:

Marginal Cost

The bump in expenditure for manufacturing an additional unit of a product or service.

Price

The cost in financial terms anticipated, necessitated, or disbursed for something.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market with no close substitutes.

Purely Competitive Industry

An industry characterized by many buyers and sellers, free entry and exit, and a standardized product, leading to firms being price takers.