A foundation is holding a fund-raising campaign in a form of a raffle. A raffle ticket costs 120 php and there are 5,000 tickets to be sold. The ticket drawn in the raffle will win for its holder the price of 100,000 php. Compute the expected profit or loss for joining this raffle. A. -120 php B. -88.98php C. -99.98php D. -100php
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A foundation is holding a fund-raising campaign in a form of a raffle. A raffle ticket costs 120 php and there are 5,000 tickets to be sold. The ticket drawn in the raffle will win for its holder the price of 100,000 php. Compute the expected profit or loss for joining this raffle.
A. -120 php
B. -88.98php
C. -99.98php
D. -100php
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- Eng. Economic Q1. Would a dollar tomorrow be worth more to you today when interested is 20% or 10%?A popular buffet has two types of customers. Type A who are willing to pay $25 but only eat for $15, and type B who value the food at $30 but eat for $20. There are 200 customers visiting daily and from their experience the restaurant knows they have 40% type A and 60% type B customers. How much revenue and profit will they make daily? Only typed answerPUP 48,213 UST 40,000 FEU 27,889 LRT2 200,000 passengers daily If 60% of PUP, 30% of UST, and 85% of FEU students take LRT2 daily and pays an average fare of Php25 per day… What is the total annual market size (revenue) of LRT2? What is the total annual market size (revenue) of the 3 schools? If operations is halted for 1 week, what is the projected loss in revenues? What is the market share (volume) of: PUP students? UST students? Feu students?
- seve LA If a society has 250 million people over the age of 16, 145 million who are working, and 5 million who are looking for work, with 100 million others neither working nor looking for work, the labor force participation rate is Multiple Choice 42% ((5+100)/250) O 60% (150/250) 40% (145/250) 58% (145/250)A baseball team has signed a draft pick to a two year contract. The player's expectedmarginal revenue product in year 1 and year 2 are $1-million and $1.7-millionrespectively. The contracted wage is $1.3-million in the first year. The interest rate is7% each year. The competitive wage in year 2 is expected to be $1.8-million. If theteam is indifferent about the player resigning with it at the end of his contract, howmuch will they pay him in the second year? Use a$ and commas.Type out the correct answer within 50min, will give you upvote only for the correct answer. thank you Himani and Ravi live in a deserted nation called Desertland. Himani spends all her time growing bananas and coconuts. This year, she harvested 1000 bananas and 500 coconuts. She values one coconut as worth two bananas. Himani gave Ravi 200 bananas and 100 coconuts in exchange for help in harvesting the fruits. Himani stored 100 bananas in her house for future consumption, while Ravi consumed all his bananas and coconuts. In terms of coconuts, calculate the GDP of Desertland using the following: a. Expenditure method b.Income method
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