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A marketing firm is interested in eliciting Silvia’s tastes on a set of ten automobiles. In order to do this they ask Silvia, for each pair of alternatives (x,y), whether she finds x at least as good as y. Silvia is interested in both the reliability of the car and its safety record. She answers that an alternative x is at least as good as y if and only if x is at least as reliable as y and x has at least the safety ranking as y. Then,
a) Silvia’s answers necessarily satisfy completeness.
b) Silvia’s answers will always violate completeness.
c) Silvia’s answers may violate transitivity.
d) Silvia’s answers will have a cycle.
e) Silvia’s answers may violate completeness.
The objective is to fully explain why the company has been successful and will continue to be an effective price maker or if your firm is not a price maker, what actions need to be instituted to become a price-making firm.
Suppose an Entrant and an Incumbent are playing an entry game. The set-up is as follows: The Entrant first decides whether to enter. The Incumbent moves second. If the Entrant enters, the incumbent decides whether to fight or accommodate. How many Na..
Where does NSW get most of its natural gas supplies from up to now? What is happening to total domestic gas production in Australia and Describe the structural change that is taking place in the Australian gas market.
If the mortgage interest rate is 7 percent, approximately how much are home owners paying in annual mortgage interest? b. If the interest rate drops to 6 percent, by how much will annual percentage decline?
Use the following equations for labor supply and labor demand, to answer the following questions. L stands for labor and w stands for wage per hour. If the country has a minimum wage implemented of $17 per hour, what exactly will happen to the econom..
How many people should the owner hire if he pays each worker $6/hour? c. Suppose he considers hiring students on a part-time basis for $4/hour.
"While the imposition by a country’s government of an import tariff on a good clearly injures the country’s domestic consumers of the good, the tariff helps domestic import-competing producers and enhances overall country welfare.
Whay Tara is leaving her current job, which pays € 56,000 per year, to start a new company that manufactures a line of special pens for personal digital assistants.
How much interest is in the sixty-fourth payment? How much principal? D. How much interest is in the sixty-eighth payment? How much principal?
explaining the expected short-term impacts on firms in any one of the following three industries in terms of product sales; operating costs; revenues or economic profits.
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price, quantity and consumer surplus?
During the beginning of the 21st century, the growth in desktop computer sales declined for the first time in almost two decades. As a result, PC makers dramatically reduced their orders of computer chips from Intel and other vendors. Explain why com..
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