This topic contains a solution. Click here to go to the answer

Author Question: There is a 15 percent increase in the price of lumber used by a firm that builds new homes. This ... (Read 96 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

D

Answer to Question 2

C




Starlight

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

For a complete list of videos, visit our video library