You have inherited a lottery ticket may be a $10,000 winner. You have a 0.25 chance of winning the $10,000 and a 0.75 chance of winning $0. You have an opportunityto sell the lottery ticket for $2,500. Would you be selling this lottery ticket if you are risk averse? Risk averse person would not sell this if he/she does not have positive expected GAIN from sales of it even though they can have positive transaction amount.

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )

answer the amount a seller is paid minus the cost of production;