Consider the following information:
probability of state rate of return if state occurs
economy of economy stock a stock b
recession .20 .010 – .35
normal .55 .090 .25
boom .25 .240 .48
a. calculate the expected return for the two stocks.'

In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)