Economists believe that the same explanation for the rapid growth of costs applies to services, theatrical performances and restaurant meals.
Answer the following statement true (T) or false (F)
True
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Consider the same game between the fishermen in the previous question. How does the total number of fish caught in the Nash equilibrium compare to the number they would catch if they belonged to same company, so shared revenues and costs equally?
a. No change. b. They would catch more if they worked in the same company. c. They would catch less if they worked in the same company.
Suppose that apples and bananas both cost the same, but the marginal utility of bananas is twice as high as that for apples. This implies the consumer should purchase more apples and fewer bananas in order to maximize utility
a. True b. False Indicate whether the statement is true or false
Forward and backward linkages apply to which of the following development strategies?
a. big-push development b. government sponsored development c. direct foreign intervention d. unbalanced development e. balanced development
Explain how derivates were used to increase risk making the financial crisis of 2007-2009 more severe