Which of the following statements is true about empty cores?
a. It is individually rational to form coalitions when cores are empty.
b. There are no unblockable payoff allocations.
c. The only way to prevent blocking is side payments among coalition members.
d. Empty cores leave each person with payoff just equal to their production values.
B
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By definition, a firm is
A) a business organization that makes profits. B) a business organization that utilizes resources to produce goods or services with the goal of making a profit. C) a business organization that consists of more than one person. D) an organization, whether private or public, that may or may not make a profit.
"Circuit breaker" rules halt trading when the Dow declines below its previous day's closing value by a percentage amount, for:
a. one hour b. two hours c. the remainder of the trading day d. any of these
Recall the Application about the benefits provided by the LoJack auto recovery system to answer the following question(s).Recall the Application. LoJack is system that allows the police to track stolen cars. This provides an external benefit by:
A. getting the owner back his car. B. reducing car theft. C. giving profits to the producers of LoJack. D. All of these
The opportunity cost of going to college full time away from home includes
A) the income you could have earned from a full-time job. B) the funds you would have saved if you had not paid the tuition. C) the time you could have spent with parents back home. D) All of the above are correct.