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

Author Question: If the price of pork rinds falls, the substitution effect due to the price change will cause A) ... (Read 150 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
If the price of pork rinds falls, the substitution effect due to the price change will cause
 
  A) an increase in the quantity of pork rinds demanded.
  B) a decrease in the quantity of pork rinds demanded.
  C) an increase in the demand for pork rinds.
  D) an increase in the demand for corn chips, a substitute for pork rinds.

Question 2

What is a maximin strategy?
 
  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

gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

In game theory, a maximin strategy is a strategy chosen to maximize the minimum gain that can be earned.


nautica902

  • Member
  • Posts: 591
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

The Coriolis effect and wind direction. The Coriolis effect and wind direction.
The Greenhouse Effect The Greenhouse Effect
Marx's Model of Historical Change Marx's Model of Historical Change
Tree rings as indicators of environmental change Tree rings as indicators of environmental change
Chilling Effect of a Cold Current Chilling Effect of a Cold Current
If we make the substitution z=sqrt(x) to ∫sqrt(1-sqrt(x)) dx, the resulting integral is If we make the substitution z=sqrt(x) to ∫sqrt(1-sqrt(x)) dx, the resulting integral is
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library