A non-governmental organization (NGO) is investigating whether the average annual amount saved by households that participate in a group lendingOctober 10, 2020
Many police officers positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increaseOctober 10, 2020
Q2) (Monte Carlo analysis) It’s the morning of Monday, March 26, 2018. Your unlimited MTA fare card just expired yesterday. Normally, you take two trips per week-day. You usually do not take any MTA trips on the weekend. Your marginal-willingness to pay per ride is $3 for a smooth subway ride and $1 for a delayed subway ride. For any ride, there is a 20% chance that it will be delayed. Assume that your opportunity cost of funds is 0.05% per day. Assume that you will pay for the MTA card when you buy the card and receive your marginal willingness to pay in value when you take the MTA ride.
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