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Author Question: There is a 15 percent increase in the price of lumber used by a firm that builds new homes. This ... (Read 92 times)

Starlight

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on: Jun 29, 2018
There is a 15 percent increase in the price of lumber used by a firm that builds new homes. This causes
 
  A) a decrease in the quantity of new homes supplied.
  B) an increase in the supply of new homes.
  C) an increase of the quantity supplied of new homes.
  D) a decrease in the supply of new homes.

Question 2

Within a game theory model, if a change in decision-making raises corporation A's profits by 50 and lowers corporation B's profits by 40, the game is a
 
  A) negative-sum game.
  B) zero-sum game.
  C) positive-sum game.
  D) cooperative game.


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akpaschal

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Starlight

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Reply 2 on: Jun 29, 2018
:D TYSM

LVPMS

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Reply 3 on: Yesterday
Excellent

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