Suppose That the Cost of Capturing a Cockatoo and Transporting

question 22

Multiple Choice

Suppose that the cost of capturing a cockatoo and transporting him to the United States is about $40 per bird.Cockatoos are drugged and smuggled in suitcases to the United States.Half of the smuggled cockatoos die in transit.Each smuggled cockatoo has a 10% probability of being discovered, in which case the smuggler is fined.If the fine imposed for each smuggled cockatoo is increased to $700, then the equilibrium price of cockatoos in the United States will be

• A)$61.
• B)$244.44.
• C)$75.
• D)$110.
• E)$155.56.

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Definitions:

NAND Function

A binary operation that produces a false output only when all its inputs are true; it's often described as "NOT AND."

NOT Function

The NOT Function is a logical operation that inverts the state of its operand; if the input is true, the output is false, and vice versa, commonly used in digital electronics and programming.

Logical Decision

The process of making a choice based on logical conditions or comparisons in programming or digital circuits.

Alternating Current

An electric current that periodically reverses direction, in contrast to direct current (DC) that flows only in one direction.