Answer:
D) All of the above.
Explanation:
The marginal rate of transformation is the rate at which the consumer must give up y to get an additional unit of x. it is also referred to as the the slope of the budget constraint.
It can also be expressed mathematically as: Px/Py.
The answer is (D) All of the above.
Answer:
If Firm 2 does not advertise, Firm 1 should advertise
If Firm 2 advertises, then Firm 1 should also advertise
Firm 1 dominant strategy is to advertise
Firm 2 dominant strategy is to advertise
1. A. Nash equilibrium is for both Firms to advertise.
Explanation:
Nash equilibrium is a state where interactions by different firms in a matrix is involved. No firm can gain by a unilateral change of strategy if other firm does not changes its strategy. It is a situation where there is optimal when there is no deviation from the initial strategy. Here firm 1 can by advertise and Firm 2 can also optimize by advertising.
Hi there!
Usually, this is the case. However, just like when hoverboards first came out, there was a shortage of hoverboards and production activities had to ramp up production. However, after a few months, production activities were at a high level, but demand petered out.
-AwesomeRepublic :)
The correct answer is the Coase theorem
Suppose that a large tree on Betty's property is blocking Chuck's view of the lake below. Betty accepts Chuck's offer to pay Betty $100 for the right to cut down the tree. This situation describes the Coase theorem.
Answer:
Futures contracts are derivatives. Their price is derived from one or more underlying assets. Due to their nature as commodities, a buyer can agree to purchase at a predetermined price; and a seller can agree to sell that quantity at the agreed-upon price.
