Suppose that a decision maker's risk atitude toward monetary gains or losses x given by the utility function(x) = (50,000+x) //. Suppose that a decision maker has the choice of buying a lottery ticket for $5, or not. Suppose that the lottery winning is $1,000,000, and the chance of winning is one in a thousand. Then.... The decision maker should not buy the Sicket, as the utility from not buying is 223.6, and the expected usility from buying is 223.59. The decision maker should not buy the ticket, as the utility from not buying is 223.6067, and the expected utility from buying is 223.6065 The decision maker should buy the ticket, as the utility from not buying 223.60, and the utility from buyingis 224.4. The decision maker should buy the ticket, as the utility from not buying 223.6065, and the utility from buyingis 223.6067.

6.2 Q4) Hey I need help with the following question, thank you!

Q3. Consider the following Cobb-Douglas production function: Y = AL® K²-® where 0 = 0.25 Assuming settings of Neo-Classical theory of investment derive the following: a. Function representing the current value of desired stock of capital. b. Current value of desired stock of capital when output is 5 billion $ while rental cost is 0.12. c. Now suppose output is expected to rise to 7 billion $, find corresponding value in desired stock of capital? d. How would you define value of investment in the given context of discussion?

(d) Suppose that new copies cost $150 and used copies cost $80. Assume the bookstore currently has 50 new copies and 50 used copies. What is the expected value of total revenue from the sale of the next 15 copies purchased? [Hint: Let h(X) = the revenue when X of the 15 purchasers want new copies. Express this as a linear function.] $

What is the income distribution of super shoppers? A supermarket super shopper is defined as a shopper for whom at least 70% of the items purchased were on sale or purchased with a coupon. In the following table, income units are in thousands of dollars, and each interval goes up to but does not include the given high value. The midpoints are given to the nearest thousand dollars. (a) Using the income midpoints x and the percent of super shoppers, do we have a valid probability distribution? Explain.A. Yes. The events are indistinct and the probabilities sum to less than 1. B. No. The events are indistinct and the probabilities sum to more than 1. C. No. The events are indistinct and the probabilities sum to 1. D. Yes. The events are distinct and the probabilities do not sum to 1. E. Yes. The events are distinct and the probabilities sum to 1. (b) Choose a histogram that graphs the probability distribution of part (a). (Because the data table has summarized the data into categories,…