« previous next »

Author Question: The manager of a gas station noticed that when prices in the convenience store of the gas station ... (Read 285 times)

pragya sharda

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
The manager of a gas station noticed that when prices in the convenience store of the gas station decreased, gas sales increased. This could possibly be because the convenience store products are
 a. usually complements to the gas sales
  b. usually substitutes to the gas sales
 c. usually unrelated to the gas sales
 d. none of the above

Question 2

What is the Nash equilibrium of the game?
 a. Each firm charges a LP
 b. Each firm charges a HP
 c. You charge a LP and your rival charges a HP
  d. None of the above.


snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

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.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

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.

Responsibilities of the nurse manager Responsibilities of the nurse manager
Prices for Cotton and for Slaves, 1802–1860 Prices for Cotton and for Slaves, 1802–1860
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
A typical eye wash station. A thorough flushing of the eyes with water is the first and often the ... A typical eye wash station. A thorough flushing of the eyes with water is the first and often the ...
La Niña events store energy La Niña events store energy
International space station. International space station.
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library