Author Question: If you purchase one pound of apples the price is 1.50 per pound. If you buy a five pound bag of ... (Read 324 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
If you purchase one pound of apples the price is 1.50 per pound. If you buy a five pound bag of apples, the cost is 5.00. This is most likely an example of
 
  A) quantity discounts.
  B) lower marginal cost.
  C) lower marginal benefit.
  D) price gouging.

Question 2

In a two-player simultaneous game, if player A has a dominant strategy and player B does not, player B will
 
  A) employ a mixed strategy.
  B) choose his best strategy assuming that player A plays her dominant strategy.
  C) not achieve a Nash equilibrium.
  D) assume that player A does not choose her dominant strategy.


asware1

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

For a complete list of videos, visit our video library