If increasing the utility of the transfer recipient is the only ...

[APUS57]

If increasing the utility of the transfer recipient is the only criterion cared about, then _____.
 
  a. a cash payment will usual be preferred to an in-kind payment
  b. an in-kind payment will usually be preferred to a cash payment
  c. a cash payment and in-kind payment are always equal
   d. an in-kind payment will always be preferred to a cash payment

Question 2

If the managers of your firm have bounded rationality, then
 
  A) the firm should fire them and hire more competent managers.
  B) a Nash equilibrium does not exist.
  C) they are limited in their ability to calculate and may not succeed in maximizing profits.
  D) it is not possible to maximize profits.

[polinasid]

Answer to Question 1

a

Answer to Question 2

C

[APUS57]

Correct answers!

[polinasid]

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