Consider a course with 40? students, some of whom are confused after the professor explains a concept. The professor? doesn't know whether students are? confused, but will clarify the concept if one student asks a question. A student who asks a questionlong dashand reveals his or her confusionlong dashloses 8 utils. When the professor clarifies the concept in response to a? question, each confused student gets a benefit of 1 util.
Ch 15 Homework. Please Help
a. A question from a confused student will be socially efficient if
9
students in the classroom are confused. (Enter your response as an integer.)
b. In the absence of participation incentives, will a confused student ask a question when it would be socially efficient to do so?
No
c. Which of the following incentive systems would be most likely to generate efficient questioning? ANSER IS D, ALL OF THE ABOVE FOR THIS
A.
Confused students who do not ask the question must compensate the confused student who does ask the question.
B.
Confused students agree to take turns asking questions.
Your answer is not correct.
C.
Confused students appeal to each other's sense of civic or moral responsibility.
D.
All of the above.
You might also like to view...
In the mid 1980s, the massive current account deficits were related to massive U.S. government budget deficits
Indicate whether the statement is true or false
Refer to Scenario 15.6. The expected NPV of the computer purchase is approximately
A) $3,200. B) $5000. C) $10,000. D) $68,000. E) $96,000.
Explain how a business chooses to set output
What will be an ideal response?
In a zero-sum game, ________
A) each player earns a zero payoff irrespective of the strategy one chooses B) each player has a dominant strategy C) each player chooses a pure strategy D) one player's loss is another player's gain