Give examples of two consumer goods in everyday life
Give examples of two consumer goods in your everyday life. One of the goods should be of higher demand than supply; the other good should show higher supply than demand. Examples may vary, i.e. from healthy food to wrist watches.
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You are to use at least three references and these references must be properly cited. For your convenience, Proctor and Gamble is a company that is an example of the personal products industry.
Before the game begins, an MSU fan offers you $100 for the ticket. Attending the game has a value of $75 to you. What is the opp cost of going to the game?
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Probability ½ and -1 with probability ½. What is the (marginal) distribution of Y? What is the covariance between X and Y? What is the distribution of X conditional on Y?
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