Moe, larry and joe each have 4 dollars to spend on candy at school. their utility function sareum=√cm, ul=clanduj=c2j, respectively, where denotes the consumption ofcandy. the price of candy is $1 per unit. unfortunately there is a 50% chance that donald, the school bully, will mug them on their way buy candy. if that happens they loose all theirmoney.(a) find the expected consumption of candy for each of them.(b) find the expected utility for each of them.(c) assume now that each of them can buy "protection" from the school tough-but-nice guyat $2 per person. which of the three friends will buy it

Herman is covered by a cafeteria plan by his employer. his adjusted gross income (agi) is $100,000. he paid unreimbursed medical premiums in the amount of $10,500 and he itemizes deductions. what amount will herman be able to deduct for his medical insurance premium expenses?

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u.s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year.what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units