Read this outline for an argumentative essay about the free enterprise system. 1. The free enterprise system is helpful because it allows for freedom.
A. The free enterprise system is the best economic system because it
allows individuals to make their own economic decisions.

2. The choices of producers and consumers rule the free enterprise system.
A. Individuals have the freedom to become entrepreneurs.
B. Supply and demand determine their success or failure.
C. Some people say without government support only wealthy people
can succeed.
D. More government interference would restrict freedom and limit the
chance for success.

3. The free enterprise system is helpful, not harmful, because it allows people to determine their own economic fate.

The underlined sentence in the outline is the

claim.
conclusion.
counterclaim.
evidence.

Your company is starting a new r& d initiative: a development of a new drug that dramatically reduces the addiction to smoking. the expert team estimates the probability of developing the drug succesfully at 60% and a chance of losing the investment of 40%. if the project is successful, your company would earn profits (after deducting the investment) of 9,000 (thousand usd). if the development is unsuccessful, the whole investment will be lost -1,000 (thousand usd). your company's risk preference is given by the expected utility function: u(x) v1000 +x, where x is the monetary outcome of a project. calculate the expected profit of the project . calculate the expected utility of the project . find the certainty equivalent of this r& d initiative . find the risk premium of this r& d initiative e is the company risk-averse, risk-loving or risk-neutral? why do you think so?