This topic contains a solution. Click here to go to the answer

Author Question: Firms make a profit when they equate marginal revenue with marginal cost. Indicate whether the ... (Read 58 times)

bobypop

  • Hero Member
  • *****
  • Posts: 539
Firms make a profit when they equate marginal revenue with marginal cost.
  Indicate whether the statement is true or false

Question 2

Assume that the characteristic functions for individuals 1,2, and 3 are given by V(1) = 20, V(2) = 16, and V(3) = 10 respectively, and value created by the coalition V(1,2,3) = 60 . If the payoff to individual 1 is 30, and that to individuals 2 and 3 is 15 each, which of the following statements is true?
 a. The given allocation is within the core.
  b. 2 and 3 will withdraw from the coalition.
  c. 2 will block the imputation.
  d. This allocation is individually rational for all.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sabina576

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

False

Answer to Question 2

C




bobypop

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
:D TYSM


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

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?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library