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Home Q & A Board Other Fields Homework Help Business Economics
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mbowdish mbowdish
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5 years ago

Question 1.

The consumption of a common resource by one person does not affect the availability of that resource to others.



▸ true

▸ false

Question 2.

Consider the following game. You roll a six-sided die and each time you roll a 6, you get $30. For all other outcomes you pay $6. The $30 when you "win" and the -$6 when you "lose" are called



▸ payoffs.

▸ trade-offs.

▸ incentives.

▸ expected values.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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OmamaOmama
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#1
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5 years ago
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mbowdish Author
wrote...
#2
5 years ago
Appreciate the effort, thank you!
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