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 159 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
Wow, this really help

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

The Seasonality Effect The Seasonality Effect
Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
Desertification and Climate Change Desertification and Climate Change
The change in the net of an irradiance, in Wm-2, at the tropopause The change in the net of an irradiance, in Wm-2, at the tropopause
Geoengineering is not a solution to climate change Geoengineering is not a solution to climate change
The enthalpy change for converting 10.0 g of ice at -25.0 C to water at 80.0 C is ________ kJ. ... The enthalpy change for converting 10.0 g of ice at -25.0 C to water at 80.0 C is ________ kJ. ...
Video: Segmentation and migrating motility complexes & Gastroileal reflex

For a complete list of videos, visit our video library