Author Question: The question How are goods and services produced? most closely addresses which of the following ... (Read 29 times)

corkyiscool3328 · **on:** Jun 29, 2018

The question How are goods and services produced? most closely addresses which of the following issues?

A) Should Ford build SUVs or luxury cars?
B) Should Ford use expensive industrial robots or inexpensive Mexican autoworkers to produce SUVs?
C) Should contractors build residential housing or shopping malls?
D) Is income distributed fairly in the United States?
E) Why are Christmas trees popular only in December?

Question 2

Betty and Veronica are playing Odds or Evens, where Betty is designated as the odd player and Veronica is designated as the even player. They decide to play the game 10 times.

If Betty adopts a pure strategy of shoot 1, what strategy should Veronica adopt to maximize her payoff?

katkat_flores · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

Since Veronica is the even player, she wants all results to add up to an even number. If Betty is shooting 1 each time, Veronica should also shoot 1 each time so the results add up to 2, an even number, for each game.