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Imagine two people are playing tennis. The server chooses a side to serve to (forehand or backhand) and the receiver chooses a side to expect a serve. If the server chooses forehand and the receiver expects it, the receiver wins 60% of the time, but if the receiver expects backhand, the receiver only wins 20%. If the server chooses backhand, and the receiver expects backhand, the receiver wins 30%, but if the receiver doesn't expect it, the receiver only wins 10%.
“Scalping” refers to the practice of reselling tickets at a higher-than-original price, which happens often with athletic and artistic events. Is this “ripping off” why or why not?
if a government initially has a balanced budget but then cuts taxes, it is running a deficit that it must somehow finance. suppose people think the government will finance its deficit by printing the extra money
Mary is utilizing 3 hot dogs and 2 Cokes at the Bucs game.
AMS recently instituted an in-house recycling program. The benefits of this program include not only the benefits to the environment of recycling but also the goodwill generated by AMS's leadership in this area.
Offers automobile brake analysis also repair at a various of outlets in the Philadelphia area.
Suppose two high tech companies, X and Y, are the only producers of a new product that is used my numerous computer manufacturers.
As an worker of the World Bank you have been asked to research requires of a country with a particular economic concern.
in the 1990s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
1 givenux1x23x16x2ip1x1p2x2p1 4p2 5i 20a write the function for the indifference curve and graph it when u10.b write
Explain: “Unemployment can be caused by a decrease of aggregate demand or a decrease of aggregate supply.” In each case, specify the price-level outcomes.
Suppose that in Canada the opportunity cost of producing two television sets is three bushels of wheat. Suppose that in the United States the opportunity cost of producing 2 bushels of wheat is 3 television sets.
At $300, a total of 10,000 ounces of output is profitable. Similarly, total production increases by 5000 ounces for each sucessive $100 increase in the price of gold. Describe the relevant relationship between the price of gold and the production ..
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