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 65 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

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

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

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

The Tilt of Earth’s Axis The Tilt of Earth’s Axis
James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
How Axis Tilt Affects the Intensity of Solar Radiation How Axis Tilt Affects the Intensity of Solar Radiation
Continuum of aggression. Based on an unpublished figure by Joanne DeSanto Iennaco. Continuum of aggression. Based on an unpublished figure by Joanne DeSanto Iennaco.
Major marma point locations. Major marma point locations.
Four 2.0-µC point are at the corners of a rectangle with sides of length 3.0 cm and 4.0 cm. ... Four 2.0-µC point are at the corners of a rectangle with sides of length 3.0 cm and 4.0 cm. ...
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library