Question

A genie pops out of a lamp and presents you with the following two choices: A)...

A genie pops out of a lamp and presents you with the following two choices:

A) Receive $50,000 now

B) For the next month, start with two pennies on day one, and then receive two pennies on day 2, 4 more pennies on day 3, 8 more pennies on day 4 ect...

Which is the most lucrative?

Homework Answers

Answer #1

PLEASE LIKE IT RAISE YOUR THUMBS UP

IF YOU ARE HAVING ANY DOUBT FEEL FREE TO ASK IN COMMENT SECTION

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Deng Corporation manufactures two styles of lamps — Bedford Lamp and Lowell Lamp. The following per...
Deng Corporation manufactures two styles of lamps — Bedford Lamp and Lowell Lamp. The following per unit data are available: Bedford Lamp Lowell Lamp Sales price $30 $35 Variable costs $18 $23 Machine hours required for one lamp 2 4 Total fixed costs are $50,000. Machine hour capacity is 30,000 hours per year. Assuming that the company can sell as many products as it can make, which product mix would deliver the highest operating income? a 7500 Bedford Lamps and...
Marta has two sons: Arturo and Bernardo. She discovers a broken lamp in her living room...
Marta has two sons: Arturo and Bernardo. She discovers a broken lamp in her living room and knows that one of her sons must have broken it at play. She cares more about finding out the truth than she does about punishing the child who broke the lamp, so Marta announces that her sons are to play the following game. Each child will write down his name on a piece of paper and write down either “Yes, I broke the...
1-You have won $1,000,000 playing McDonald’s monopoly. To receive your prize you have two choices. First,...
1-You have won $1,000,000 playing McDonald’s monopoly. To receive your prize you have two choices. First, you may receive $50,000 at the end of each year for the next 20 years. Second, you may receive a lump sum payment of $750,000. Assuming the lump sum payment reflects fair market value, what does this imply about current interest rates? Select one: a. Current interest rates are 6.514% b. Current interest rates are 7.976% c. Current interest rates are 7.441% d. Current...
On the first day of your new job, your employer presents you with the following two...
On the first day of your new job, your employer presents you with the following two plans regarding retirement contributions: • Plan A: The company will make an annual contribution of $20,000 into your retirement account for the next 30 years. The first payment starts 1 year from now. • Plan B: If you stay with the company for 3 years, then the company makes annual contributions starting from $20,000 and grow at 5% per year. The first payment starts...
1.   You have just received some great news from your parents… they are going to give...
1.   You have just received some great news from your parents… they are going to give your inheritance early, starting now! But, they’re going to force to you make a decision on how you want it. At the end of the day, they are going to give you a total of $500,000. But you have to pick one of the two options for disbursement: Option A: You get it in three lump sum payments as follows: •   You receive $100,000...
Question: How do i find the ending available inventory of lamp kits in part 7 (...
Question: How do i find the ending available inventory of lamp kits in part 7 ( i have starred it 9.13). I just want the formula broken down on how to obtain that answer. Based on the following data: Division N has decided to develop its budget based upon projected sales of 37,000 lamps at $54.00 per lamp. The company has requested that you prepare a master budget for the year. This budget is to be used for planning and...
1. Which of the following solvents is considered the most polar? Which of the following solvents...
1. Which of the following solvents is considered the most polar? Which of the following solvents is considered least polar? Hexane Acetone 70% hexane–30% acetone 2. Which of the following compounds is considered the most polar? Chlorophyll-a Chlorophyll-b Carotene 3. When using column chromatography to separate the pigments in spinach, which solvent from Question 1 do you start with? Which solvent do you use next? 4. In no more than TWO sentences, explain why it is necessary to change the...
Which of the following is true of association rule mining? Group of answer choices 1. It...
Which of the following is true of association rule mining? Group of answer choices 1. It seeks to classify a categorical outcome into one of two or more categories. 2. It develops analytic models to describe the relationship between metrics that drive business performance. 3. It identifies attributes that occur frequently together in a given data set. 4. It is a data reduction technique that reduces large information into smaller heterogeneous groups.
You are given the following data for a dental clinic. Daily fixed costs are $2000 For...
You are given the following data for a dental clinic. Daily fixed costs are $2000 For simplicity, assume that there is only one variable input (dentists). Dentists receive $1000 per day they work. Assume output is as follows; Number of dentists 0 1 2 3 4 Quantity of services (per day) 0 8 15 21 25 Draw the total product curve Calculate the marginal product of dentists over the range provided. Calculate the average product schedule of dentists Calculate the...
This question has several parts that must be completed sequentially. If you skip a part of...
This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part. Tutorial Exercise Consider the following time series data. Month 1 2 3 4 5 6 7 Value 16 24 20 25 21 20 25 (a) Compute MSE using the most recent value as the forecast for the next period....