You own some land that may have oil on it. Based on your expert analysis of the land, you believe there is an x% chance the land has oil. It costs $5 million to drill for oil. If the land has no oil, you will lose the $5 million spent on drilling. Your analysis finds that if the land has oil, there is a 30% chance it will be worth gross revenue of $7 million, a 60% chance it will be worth gross revenue of $13 million, and a 10% chance it will be worth gross revenue of $20 million. Another company is offering to buy your land for $5 million but the deal must be done today. Assuming you make decisions with expected value, and you sell the land as that has the highest expected value, what is the largest value of x% that is consistent with your decision? a. 90%
b. 88%
c. 86%
d. 84%
e. 82%

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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