Professor Goodheart always gives two midterms in his communications class. He only uses the higher of the two scores a student gets on the midterms when he calculates the course grade. (Adapted from Varian Workouts)(a)You want to maximize your course grade. Let x1be your score on the midterm 1 and x2beyour score on midterm 2. Which combination do you prefer, x1 = 20 and x2= 70 or x1 = 60and x2= 60?(b) Draw a graph showing an indifference curve of the all the combination of scores that you like exactly as much as x1 = 20 and x2= 70. Also draw an indifference curve showing all the combinations you like as much as x1= 60 and x2= 60.(c)Do you have convex preferences over these combinations?

(d) You are also taking a course with Professor Stern who also gives two midterms. Instead of discarding the lower grade, he discards the higher one. Let x1be the score on the first midterm, and x2be the score on the second midterm. Which combination do you prefer, x1= 20 and x2= 70 or x1= 60 and x2= 50?(e)Draw a graph showing an indifference curve of the all the combination of scores that you like exactly as much as x1= 20 and x2= 70. Also draw an indifference curve showing all the combinations you like as much as x1= 60 and x2= 50.

(05.04 mc) a 2012 report from the u.s. surgeon general stated: "another common practice is strategically locating tobacco-related marketing materials where young children will be exposed to them. tobacco industry executives acknowledge that products and advertising should be placed at eye level (pollay 2007), but in california, 48% of stores had at least one cigarette marketing item at or below 3 feet from the floor (feighery et al. 2001)." it was also noted that 25% of cigarette displays were next to candy. in addition, a national study found that about one-third of the stores had tobacco ads at low heights. after california banned counter displays, some stores place cigarettes in transparent displays so product brands could still be seen. why did some stores use transparent units to display the cigarettes? (3 points) to comply with the new rules while still encouraging cigarette purchases via visual exposure to ensure children and minors are not exposed to cigarettes and their eye-catching packaging to minimize exposure to humidity, extending the shelf life of the cigarettes' tobacco to reduce the occurrence of shoplifting, since cigarettes are high-revenue items

Calculate the cost of each capital component—in other words, the after-tax cost of debt, the cost of preferred stock (including flotation costs), and the cost of equity (ignoring flotation costs). use both the capm method and the dividend growth approach to find the cost of equity.calculate the cost of new stock using the dividend growth approach.what is the cost of new common stock based on the capm? (hint: find the difference between re and rs as determined by the dividend growth approach and then add that difference to the capm value for rs.)assuming that gao will not issue new equity and will continue to use the same target capital structure, what is the company’s wacc? e. suppose gao is evaluating three projects with the following characteristics.each project has a cost of $1 million. they will all be financed using the target mix of long-term debt, preferred stock, and common equity. the cost of the common equity for each project should be based on the beta estimated for the project. all equity will come from reinvested earnings.equity invested in project a would have a beta of 0.5 and an expected return of 9.0%.equity invested in project b would have a beta of 1.0 and an expected return of 10.0%.equity invested in project c would have a beta of 2.0 and an expected return of 11.0%.analyze the company’s situation, and explain why each project should be accepted or rejected g

Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials