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- The Malthusian dilemma has proven to be correct. Group of answer choices True FalseAlice and Bob are each confronted with the choice between: A. Purchasing a set of headphones at the bookstore on campus for $25. OR B. Purchasing an identical set of headphones downtown for $10. If Alice chooses option A, but Bob chooses option B, which of the following must be true if Alice and Bob are both rational? - Alice and Bob face the same inconvenience associated with going downtown - for Bob, the inconvenience associated with traveling downtown was less than $15 - for Alice, the inconvenience associated with traveling downtown was greater than $10 - for Bob, the inconvenience associated with traveling downtown was greater than $15What is the importance of consumer behavior relating it to the different market structures? Answer it in 5 sentences only.
- Please read the question carefully and answer correctly Part B only. I hope you do not waste your or my time by giving me a wrong answer. there is a similar question and answer posted before but it was completely wrong. It is an economy game theory question. Thanks 2. The set of states is W = {a, b, c, d, e}, Individual 1’s information partition is {{a, b, d}, {c}, {e}}, Individuals 2’s information partition is {{a, c}, {b, d}, {e}}, Individual 3’s information partition is {{a, b, c}, {d}, {e}}. (a) Construct the Common Knowledge Partition. (b) Let E = {a, b, d, e}. Find the following events: K1E, K2E, K3E, K1K2E, and CKE.This question is related to equilibrium and its drive? all detail is given in a snap.Your total benefits from spending time with your spouse are shown in the following table. Hours per Day Total Benefit 0 0 1 20 2 38 3 54 4 68 5 80 6 90 7 98 8 104 Alternatively, you have the option of working as many hours as you want, earning $11 per hour. Assume this is the next best use of your time. Use the marginal principle to find your optimal number of hours to spend with your spouse per day. The optimal amount of time for you to spend with your spouse is hours per day Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Which economic concept most closely relates to the legal concept of justiciability? economies of scale pareto optimality diminishing marginal returns O comparative advantageYou are considering shoplifting a head of broccoli from the farmer’s market in SLO. Your buyer value for the broccoli is $1.75. The broccoli is available for legal purchase for $1.50. For comparison purposes, assume that if you don’t steal the broccoli, you will make the choice that makes you best off within the law. Which statement below is correct? Group of answer choices: -Stealing the broccoli leads to an increase in total surplus but also causes a reduction in surplus for owners of the broccoli. -Stealing the broccoli leads to a decrease in total surplus and also cause a reduction in surplus for owners of the broccoli. -Stealing the broccoli leads to an increase in total surplus and does not harm anyone else. -Stealing the broccoli does not lead to an increase or decrease in total surplus and also causes a reduction in surplus for owners of the broccoli.In some ways, contracts can be very easy to enter into. In fact, we often enter into agreements simply by our actions. For example, many businesses place small notices near their entryways warning that by entering the building you consent to video recording or by parking in a specific lot you agree that the lot owner is not liable should anything happen to your car (even if you paid to park there). Are these agreements valid? Should individuals be held to agreements even if they did not know about them?
- Question 60 Michael decides to go to the Redwings game instead of studying for his final exam in economics. The opportunity cost of this decision is Question 60 options: a) The enjoyment he received from watching the game b) a good grade on the final exam c) The enjoyment he received from watching the game minus the good grade on the final d) the cost of the ticket e) both B and DIllustrate THREE (3) reasons why not all commodities are suitable to representmoney. Please give explanation in details with examples.You and a friend are in Bits & Bytes restaurant, and the owner offers both of you an 8-slice pizza for free under the following condition. Each of you must simultaneously announce how many slices you would like; that is, each player i E 1,2 names his desired amount of pizza, 0s s, S 8. If s + sz S8 then the players get their demands (and the owner eats any leftover slices). If Si + s2> 8, then the players get nothing. Assume that you each care only about how much pizza you individually consume, and the more the better. Assume the demands can be only in integer numbers. Write out each player's best-response correspondence. B. What outcomes can be supported as pure-strategy Nash equilibria? A.