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You have a construction that costs $800,000. It has a 1/3 ch

Paper help Economics You have a construction that costs $800,000. It has a 1/3 ch

Economics

You have a construction that costs $800,000. It has a 1/3 ch

You have a construction that costs $800,000. It has a 1/3 chance of paying off $3,000,000 and a 2/… Show more You have a construction that costs $800,000. It has a 1/3 chance of paying off $3,000,000 and a 2/3 chance of paying off $0. What is the expected profit from the new construction? • Show less

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