Refer to the scenario above. Which of the following is likely to happen if Mike confesses while Rita does not confess?
A) Both of them will be let free.
B) Mike will be let free while Rita will be suspended.
C) 10 points will be deducted from their respective scores.
D) 10 points will be deducted from Rita's score while Mike will be suspended.
B
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If at the current level of product-specific service, consumers' value at $50 and the cost of retailers to provide the services is $55, which of the following is true?
A) the profit-maximizing level of profit-maximizing services is less than the current level B) the profit-maximizing level of profit-maximizing services is greater than the current level C) the profit-maximizing level of profit-maximizing services is exactly double the current level D) the profit-maximizing amount of product-specific services is being offered.
If the money supply in an economy equals $1,000 and nominal GDP equals $3,000 . then according to the equation of exchange, velocity of money: a. equals 1/3
b. equals 3. c. equals 3 million. d. cannot be determined since we do not know anything about prices. e. cannot be determined since we do not know anything about real GDP.
Deficient information on unsafe products can cause:
A. overconsumption of a product. B. underconsumption of a product. C. the government to decide to subsidize a product. D. collusion among firms.
What is the tragedy of the commons? Give two examples, including one from your state
What will be an ideal response?