Author Question: There is a 15 percent increase in the price of lumber used by a firm that builds new homes. This ... (Read 77 times)

Starlight · **on:** Jun 29, 2018

There is a 15 percent increase in the price of lumber used by a firm that builds new homes. This causes

A) a decrease in the quantity of new homes supplied.
B) an increase in the supply of new homes.
C) an increase of the quantity supplied of new homes.
D) a decrease in the supply of new homes.

Question 2

Within a game theory model, if a change in decision-making raises corporation A's profits by 50 and lowers corporation B's profits by 40, the game is a

A) negative-sum game.
B) zero-sum game.
C) positive-sum game.
D) cooperative game.