Author Question: You and your sister share a room. Your sister prefers sleeping with all windows closed, while you ... (Read 86 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
You and your sister share a room. Your sister prefers sleeping with all windows closed, while you prefer sleeping with at least one window open to let in some fresh air.
 
  Since neither of you are willing to give up your own preferences, you end up fighting every night. Is there a possible solution to this problem if you value keeping your windows open at night for 100, while your sister values keeping the windows closed at night for 80?

Question 2

Which of the following inputs can be changed in the short run?
 
  A) Machinery
  B) Land owned
  C) Office Space
  D) Labor employed



Pswine

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

Because you value keeping the windows open at 100 while your sister values keeping windows closed at 80, an efficient solution is possible if you decide to pay her an amount between 80 and 100 as a compensation for keeping the windows open. The exact amount that you'll have to pay her will depend on your respective bargaining powers.

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

For a complete list of videos, visit our video library