1). Which of the following is a credence attribute for an organic food product?

A) The taste of the food.

B) The price of the food.

C) The actual organic nature of the ingredients, which might be hard for consumers to verify.

D) The appearance of the food in its packaging.

2). A lottery ticket costs $2. The probability of winning the jackpot is 0.000001, and the jackpot is $1,000,000. What is the expected value of buying a lottery ticket (excluding the cost of the ticket)?

A) $0.50

B) $1.00

C) $0.75

D) $1.25