Economists have used the ultimatum game and the dictator game in experiments designed to determine
A) whether consumers believe it is fair for producers to raise the price of a product for which there is excess demand.
B) whether consumers understand the difference between implicit costs and explicit costs.
C) whether consumers understand the rule of equal marginal utility per dollar spent.
D) whether consumers care about fairness when they make decisions.
Question 2
Which of the following is true for a monopolistically competitive firm in long-run equilibrium?
A) P > MR and MC = ATC. B) P = ATC and MR = MC.
C) P = ATC and P = MC. D) P > ATC and P > MR.
Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Controlled Experiments Manipulate a Variable
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The Morris Adjustable Chair, designed by Philip Webb, made by Morris, Marshall, Faulkner & Co.
How to determine if a quadratic equation has a maximum or minimum when given the roots
"Game Development in Eight Bits" by Kevin Zurawel