Suppose your college institutes a new policy requiring you to pay for a permit to park your car in a campus parking lot. a. the cost of the parking permit is not part of the opportunity cost of attending college if you would not have to pay for parking otherwise. b. only half of the cost of the parking permit is part of the opportunity cost of attending college. c. the cost of the parking permit is not part of the opportunity cost of attending college under any circumstances. d. the cost of the parking permit is part of the opportunity cost of attending college if you would not have to pay for parking otherwise.

For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided