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Author Question: If marginal revenue is less than marginal costs A) production should be decreased. B) production ... (Read 129 times)

mwit1967

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on: Jun 30, 2018
If marginal revenue is less than marginal costs
 A) production should be decreased.
  B) production should be decreased and profits will grow.
  C) production should be decreased and losses will decrease.
  D) all of these choices are possible.

Question 2

What is the core of a negotiation involving many parties?


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Meganchabluk

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

The core of a multi-player game is the set of non-blockable allocations, in which no subset of the players can make more for themselves by withdrawing. The core of a two-person exchange model contains all allocations of money and the good that make both parties better off after trade.


mwit1967

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Reply #2 on: Jun 30, 2018
Thank you


Meganchabluk

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Reply #3 on: Jun 30, 2018
No problemo


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