This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the figure above, the value on the x-axis increases as we move from A) point G to point A. B) ... (Read 94 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
In the figure above, the value on the x-axis increases as we move from
 
  A) point G to point A.
  B) point C to point A.
  C) point F to point A.
  D) point E to point A.

Question 2

Rick and Kate want to go on a date. Rick wants to go to a rock concert while Kate wants to go to a movie. Rick values going to the concert at 100, while Kate values watching a movie at 50. What is the equilibrium in this situation?
 
  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

ju

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Because Rick values going to the concert at 100, while Kate values watching a movie at 50, an efficient outcome can be reached if Rick decides to give an amount between 50 and 100 to Kate. Kate will be better off as she will get an amount higher than her valuation for the movie, and Rick will be better off as he will have to pay an amount lower than his value for the concert. Therefore, this equilibrium is efficient. However, the exact amount that Rick will have to pay will depend on his bargaining power.


cartlidgeashley

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
:D TYSM

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

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?

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.

A peroxidation reaction involving a fatty acid is depicted in the figure below. A peroxidation reaction involving a fatty acid is depicted in the figure below.
Point Sources of Pollution Point Sources of Pollution
Precession: Earth’s axis rotates, or “wobbles” Precession: Earth’s axis rotates, or “wobbles”
The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C? The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C?
Vector has a magnitude of 5.5 cm and points along the x-axis. Vector has a magnitude of ... Vector has a magnitude of 5.5 cm and points along the x-axis. Vector has a magnitude of ...
Point Mutations Point Mutations
Video: Epinephrine/NE (heart rate, altered blood flow, glycogenolysis & bronchodilation)

For a complete list of videos, visit our video library