Answered: What is 1/x + 1/y: a. x+y/xy b. xy/x+y…

Business

Economics

What is 1/x + 1/y: a. x+y/xy b. xy/x+y c. xy/xy d. 2/x+y

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 18QP

See similar textbooks

Similar questions

Can you explain what P is and what X is ? How did we get 0.005?
Jack and Diane work at a bakery. Jack can make either five batches of cookies or two cakes per hour, while Diane can make either four batches of cookies or three cakes per hour. At 9:00 a.m. they receive an order for 24 batches of cookies and nine cakes. What time is the soonest they can have the order ready?
Last answer was incorrect.
Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay $100 for the security system, Mary is willing to pay $300 and Jill is willing to pay $300. They have a meeting to vote on whether to pay $250 each for the security system. At least two of them must vote for the system to be installed before the vote is passed. The efficient outcome is to have the security system installed. After the meeting the security system will, which illustrates_____________________. Question 1 options: be installed, the free rider problem not be installed, the free rider problem be installed, a negative externality not be installed, a negative externality
2. There are two ice-cream stores, each of whom chooses a position from ten spots along the beach: spot 1, 2, 3, ...10. The ten spots are lined up and separated 100 meters from each other. 1 2 3 4 5 6 7 8 9 10 The consumers are equally distributed across these ten spots. Consumers buy from the store whose spot is closest to theirs. If the two stores are equidistant from a given spot, the consumers at that position split their consumption equally. The aim of the ice-cream stores is to maximize their share of the total ice-cream consumption. a. Is there any dominated strategy? If so, spell out explicitly how one strategy is dominated by another strategy. b. Is there any iterated dominance equilibrium?
Typed plzzzzx And Asap I vll upvote
Suppose that there are two ice cream vendors on a beach which is represented by the 0-1 interval. Customers are uniformly distributed along that interval. The vendors simultaneously select a position. Cus- tomers go to the closest vendor and split themselves evenly if the ven- dors choose an identical position. Each vendors want to maximize its number of customers. Which location should the vendors choose in the 0-1 interval, why?
Company X is going to buy a total of 4 ads. They are going to advertise in the newspaper or on the radio. The more ads they buy the more customers they have based on the following schedule. Number of Ads Total new customers from newspaper ads Total new customers from radio ads 0 0 0 1 100 200 2 180 320 3 220 390 4 240 400 In this case, the best strategy is to buy newspaper ads and radio ads. Enter whole numbers.
Please no written by hand solutions Consider a game between two friends, Amy and Brenda. Amy wants Brenda to give her a ride to the mall. Brenda has no interest in going to the mall unless her favorite shoes are on sale at the large department store there. Amy likes these shoes as well, but she wants to go to the mall even if the shoes are not on sale. Only Amy subscribes to the newspaper, which carries a daily advertisement of the department store. The advertisement lists all items that are on sale, so Amy learns whether or not the shoes are on sale by showing the newspaper to Brenda. But this is costly for Amy, because she will have to take the newspaper away from her sister, who will yell at her later for doing so. In this game, nature first decides whether or not the shoes are on sale, and this information is made known to Amy (Amy observes whether nature chose S or N). Nature chooses S with probability p and N with probability 1-p. Then Amy decides whether or not to take the…
How can you use surveys, experiments and observational studies to make inferences about apopulation?
Exercise 4.1 Amy and Bill simultaneously write a bid on a piece of paper. The bid can only be either 2 or 3. A referee then looks at the bids, announces the amount of the lowest bid (without revealing who submitted it) and invites Amy to either pass or double her initial bid. - The outcome is determined by comparing Amy's final bid to Bill's bid: if one is greater than the other then the higher bidder gets the object and pays his/her own bid; if they are equal then Bill gets the object and pays his bid. Represent this situation by means of two alternative extensive frames. Note: (1) when there are simultaneous moves we have a choice as to which player we select as moving first: the important thing is that the second player does not know what the first player did; (2) when representing, by means of information sets, what a player is uncertain about, we typically assume that a player is smart enough to deduce relevant information, even if that information is not explicitly given to…
Don't copy and don't paste give wee new answer