The maximin criterion seeks to minimize the maximum payoffs in order to win
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following are examples of voluntary risks?
a. driving an automobile d. (a) and (b) only b. smoking cigarettes e. all of the above c. being struck by lightning
Figure 11-5
Crown Theater is the only movie theater in the city. Its cost and revenue curves are shown in Figure 11-5. Monopolist Crown Theater would set the price of its tickets at
A. $7.50. B. $6.00. C. $4.50. D. $3.00.
When an economy is at its natural rate of unemployment, which of the following will be true?
A) The unemployment rate will be 0%. B) The labor force participation rate will be 100%. C) The unemployment rate will be greater than 0%. D) Only structural unemployment as a result of technological change will exist in the economy.
A research project is conducted by offering a randomly selected 300 of the 500 local Toyota Prius owners a chance to use a new fuel additive for 6 months to see if their gas mileage improves. 225 of the 300 randomly selected Prius owners agree to the offer, 50 of those drop out of the project after 1 month, another 50 drop out after 2 months, and 25 more drop out after 3 months. The rest remain for the duration of the project. Using the intention to treat method, the results from how many of the Prius owners who were randomly selected should be included in the research project?
A. 100 B. 200 C. 225 D. 300