Author Question: You and your sister share a room. Your sister prefers sleeping with all windows closed, while you ... (Read 46 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
You and your sister share a room. Your sister prefers sleeping with all windows closed, while you prefer sleeping with at least one window open to let in some fresh air.
 
  Since neither of you are willing to give up your own preferences, you end up fighting every night. Is there a possible solution to this problem if you value keeping your windows open at night for 100, while your sister values keeping the windows closed at night for 80?

Question 2

Which of the following inputs can be changed in the short run?
 
  A) Machinery
  B) Land owned
  C) Office Space
  D) Labor employed



Pswine

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

Because you value keeping the windows open at 100 while your sister values keeping windows closed at 80, an efficient solution is possible if you decide to pay her an amount between 80 and 100 as a compensation for keeping the windows open. The exact amount that you'll have to pay her will depend on your respective bargaining powers.

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

For a complete list of videos, visit our video library