Monica, Phoebe, Rachel, Chandler, Joey, and Ross bid on a much coveted resource (Marcel the monkey).MonicaPhoebeRachelChandler Joey RossMarcel$96$36$72$18$9$0The friends decide that Joey should get Marcel. Joey will then pay everyone else their bid divided by the number of people.(a) What is the value of the winning bid in this example?(b) What is the sum of everyone's fair share in this example?(c) What is z Phorde in this example?(a) What is Phoebe's fair sthare?(e) What is Phoebe's XB ratio rounded to four decimal places?

according to the guidelines we are allowed to solve 3 subpart (first 3) subpart in case multiple sub…

Answered: Monica, Phoebe, Rachel, Chandler, Joey,…

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 52P

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Q1. There are 2 buyers looking to purchase a house. The real estate agent calls the first buyer and asks what price they are willing to pay for the house (their “bid”). The agent then calls the second buyer, tells them what the first buyer’s bid is and then asks for the second buyer’s bid price. The agent then chooses the highest bid price as the successful buyer. In this game of 2 buyers: a) There is a first mover advantage (it is better to be called first) b) There is a second mover advantage (it is better to be called second) c) There is no advantage to being called either first or second. d) None of the above
IM 00 96 %24 LLI 3 DECISION TIME – LUMP SUM OR PAYMENTS TAT Would you rather take a lump sum of $372 million or 30 annual payments of $25 million if the current interest rate is 6%? • Use the present value equation to calculate the present value of the $750 million in 30 annual installments, given the interest rate of 6% to answer this question. = Ad (? + I) I=} 91 6) 12 A 11) 114 prt sc 144 delete home end an 6d 4. -> backspace lock home H. enter pause 1 shift pue alt ctrl SU
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested.1 The seller announced that the highest bid in excess of 10,000 will be accepted. Assume that the competitors bid x is a random variable that is uniformly distributed between 10,000 and 15,000. a. Suppose you bid 12,000. What is the probability that your bid will be accepted? b. Suppose you bid 14,000. What is the probability that your bid will be accepted? c. What amount should you bid to maximize the probability that you get the property? d. Suppose you know someone who is willing to pay you 16,000 for the property. Would you consider bidding less than the amount in part (c)? Why or why not?
ill is offered a choice between receiving $50 with certainty or possibly receiving the proceeds from a gamble. In the gamble a fair coin is tossed, and if it comes up heads, Jill will receive $100; if the coin comes up tails, she will receive nothing. Jill chooses the $50 instead of the gamble. Jill's behavior indicates ________. regret avoidance overconfidence that she has a diminishing marginal utility of wealth. prospect theory loss aversion None of the above
Suppose you play a game of chance in which five numbers are chosen from 0, 1, 2, 3, 4, 5, 6, 7, 8, 9. A computer randomly selects five numbers from zero to nine with replacement. You pay $2 to play and could profit $100,000 if you match all five numbers in order (you get your $2 back plus $100,000). Over the long term, what is your expected profit of playing the game? Can give at least an explanation? I don't really get this one.
23. In a certain Lottery, yyou pay $5 and pick a number from 000 to 999. if your number comes up, you win $1000, which is a profit of $995. If you lose, you lose $5. Your probability of winning is o.001. Let x be the| profit. what is the expected value of your profit? a. $995 b. $0 c. -$4 d. $495 e. $990
A black box has a total of 10 balls sitting inside. One ball is labeled $100. Two balls are labeled $200, and seven balls are labeled $300. Suppose that you are offered the opportunity of picking one ball at random, meaning you choose one ball but you can’t see it. What is the expected value of this opportunity? Select one: a. $260 b. $230 c. $285 d. $245 e. $215
Jaime found a 3 bedroom house for sale. Listing price is $275,000. He placed a bid of $260,000 on the home. The sellers counter offer was $273,000. What should Jaime do next to demostrate to the owners they are serious buyers?
Suppose that Alex's benefit to the game is $128. Suppose further that Alex already bought a ticket (price of $80). Finally, suppose his non-refundable ticket has no resale value. Suppose that Alex's boss is considering paying a raise to Alex if he goes to work. Which of the following is true? (select all that apply) If Alex receives a $80 raise, then he will be indifferent between going to work and going to the game. If Alex does not get a raise, then he will definitely go to the game. If Alex receives a $60 raise, then he will NOT go to the game. I Alex receives a $100 raise then he will NOT go to the game.
Mr. John is watching an old game show rerun on television called Let’s Make a Deal in which the contestant chooses a prize behind one of two curtains. One of the curtains will yield a gag prize worth Rs.14,700/-, and the other will give a car worth Rs. 63,600. The game show has placed a subliminal message on the curtain containing the gag prize, which makes the probability of choosing the gag prize equal to 60 percent. What is the expected value of the selection? (a) Rs. 24,260; (b) Rs. 34,260; (c) Rs. 43,620; (d) Rs. 32,620; (e) Rs. 26,420
This is a complete question Please answer all questions (a-d) what price should they pay if Theo wants a return of 10%, Jonathan wants a return of 11% , Josh wants a return of 16% and Terry wants a return of 19%. Please answer all with explanations thx
It is a common fact that many lottery winners are “broke” sooner than later. If you won a $1,000,000 lottery, would you want to collect the lump sum winnings today or receive the monies over time? How does your decision influence the ultimate amount of cash you will collect? Explain the TVM factors you would consider as you make this decision.

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