This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the figure above, the value on the x-axis increases as we move from A) point G to point A. B) ... (Read 25 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
In the figure above, the value on the x-axis increases as we move from
 
  A) point G to point A.
  B) point C to point A.
  C) point F to point A.
  D) point E to point A.

Question 2

Rick and Kate want to go on a date. Rick wants to go to a rock concert while Kate wants to go to a movie. Rick values going to the concert at 100, while Kate values watching a movie at 50. What is the equilibrium in this situation?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ju

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Because Rick values going to the concert at 100, while Kate values watching a movie at 50, an efficient outcome can be reached if Rick decides to give an amount between 50 and 100 to Kate. Kate will be better off as she will get an amount higher than her valuation for the movie, and Rick will be better off as he will have to pay an amount lower than his value for the concert. Therefore, this equilibrium is efficient. However, the exact amount that Rick will have to pay will depend on his bargaining power.


cartlidgeashley

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Wow, this really help

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Mobilize each metatarsal–phalangeal joint with figure-8s. Hold the tarsal just below the ... Mobilize each metatarsal–phalangeal joint with figure-8s. Hold the tarsal just below the ...
Human Figure Human Figure
The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ... The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ...
In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ... In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ...
As shown in the figure, a large open tank contains a layer of oil ( density 450 kg/m3) floating ... As shown in the figure, a large open tank contains a layer of oil ( density 450 kg/m3) floating ...
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library