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noname [10]
3 years ago
7

A football game between the Thunder and the Sharks is in its closing minutes, with the Thunder ahead by 20 points. The Thunder’s

coach considers sending in the second-string quarterback. This would reduce the risk of the star quarterback getting injured, but the second-string quarterback is not very good. Complete the passage describing the coach’s decision in economic terms.
1. Fill in the blanks with appropriate option.
The coach is weighing a slightly ___________ risk of losing against a slightly decreased risk of injury to the star quarterback. This weighing of ________ is an example of ___________, because the star quarterback was in for most of the game, and the coach's decision concerns ____________ shifts in probabilities with the game nearly over
Options:
A) decreased *
B) large
C) marginal thinking.
D) small
E) increased
F) incentives
G) trade-offs
Business
1 answer:
PolarNik [594]3 years ago
6 0

Answer: increased, trade- offs, marginal thinking, small.

Explanation:

According to the passage, The coach is weighing a slightly<u> increased </u>risk of losing against a slightly decreased risk of injury to the star quarterback. This weighing o<u>f trade-offs </u>is an example of <u>marginal thinking,</u> because the star quarterback was in for most of the game, and the coach's decision concerns <u>small </u>shifts in probabilities with the game nearly over.

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Marysya12 [62]

Answer:

B) Demand for concert decreases. As a result of the shift, ticket price decreases.

Explanation:

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Demand for cinema tickets will reduce at all price level.

Referring to the attached diagram the demand shift will result in lower quantity demanded from Q to Q2.

Also there is a reduction of equillibrum price from P to P2.

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a fish is 4 feet below sea level and a Fisherman is standing on a dock that is 5 feet above sea level. How far apart are the fis
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The owner of a bicycle repair shop forecasts revenues of $188,000 a year. Variable costs will be $57,000, and rental costs for t
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Answer:

Adjusted accounting profit - $63,200

Cash inflow / Outflow - $63,200

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Explanation:

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Depreciation (17,000)

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Net Income                                                   46,200

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Rental cost                                       (37000)

Income Tax                                      (30,800)

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Tax shield =40%*17,000= $6800

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