« previous next »

Author Question: In general, the smaller the price elasticity: a. the smaller the responsiveness of price to changes ... (Read 33 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Jul 1, 2018
In general, the smaller the price elasticity:
 a. the smaller the responsiveness of price to changes in quantity.
  b. the smaller the responsiveness of quantity to changes in price.
  c. the larger the responsiveness of price to changes in quantity.
  d. the larger the responsiveness of quantity to changes in price.

Question 2

If the simultaneous game is instead changed into a sequential game where the shoplifter can see whether the security guard is vigilant or not before deciding to steal. What is the Nash equilibrium of the game?
 a. Steal, Vigilant
 b. Steal, Not vigilant
 c. Not steal, Vigilant
 d. Not steal, Not vigilant


1_Step_At_ATime

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

beccaep

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jul 1, 2018
Correct answers!


1_Step_At_ATime

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Although large, the cougar is more closely related to smaller felines. Although large, the cougar is more closely related to smaller felines.
General representation of the autonomic nervous system. General representation of the autonomic nervous system.
General Characteristics of Nervous Tissue General Characteristics of Nervous Tissue
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
General Mathematics General Mathematics
General model of the association of histones and DNA to form nucleosomes General model of the association of histones and DNA to form nucleosomes
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library