Bikul has just started a great job and plans to buy a fancy car worth $100,000. bikul is risk-averse in money matters, but he likes to drive fast, so the probability that he wrecks the car (a total loss of $100,000) is 0.10. the probability that he has no accidents is 0.90. if an insurance company offers bikul a fair insurance policy, the premium will be:

select one:

a. $90,000.

b. it is impossible to calculate a premium unless we know bikul's utility function.

c. $80,000.

d. $10,000.

The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?