Author Question: Refer to the scenario above. Jack and Jill will derive maximum utility if: A) Jack tries to move ... (Read 238 times)

kellyjaisingh · **on:** Jun 29, 2018

Refer to the scenario above. Jack and Jill will derive maximum utility if:

A) Jack tries to move the tree while Jill does not.
B) Jill tries to move the tree while jack does not.
C) both of them try to move the tree.
D) neither of them tries to move the tree.

Question 2

Refer to the scenario above. The housekeeper's behavior is an example of a ________.

A) moral hazard
B) positive externality
C) prisoners' dilemma
D) tragedy of the commons