Sears and Wal-Mart must decide whether to lower their prices, based on the economic profits shown in the table above. Which of the following is TRUE?
A) This situation is not a prisoners' dilemma.
B) If Sears lowers its prices and Wal-Mart does not, Sears will make a 20 million economic profit.
C) If Wal-Mart lowers its prices, Sears should keep its prices high.
D) Both Sears and Wal-Mart would jointly be better off if they could each keep their prices high.
Question 2
Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of X is
A) 1 unit of Y per unit of X for Agnes and 2 units of Y per unit of X for Brenda.
B) 1 unit of Y per unit of X for Agnes and 1/2 unit of Y per unit of X for Brenda.
C) 1 hour for Agnes and 1/2 hour for Brenda.
D) 1 hour for Agnes and 2 hours for Brenda.
A the subfossil lemurs of Madagascar filled a variety of niches occupied elsewhere by monkeys, as sh
This chart illustrates the four quadrants in which we can place the relationships between the state
Stand in a doorway and hook your fingertips on both sides about chest level or lower.
A horizontally opposed engine design helps to lower the vehicle’s center of gravity.
Cranial nerves and their target regions. (Sensory nerves are shown in blue; motor nerves, in red.)
economic question