Gains in railroad productivity were caused by:
a. more powerful locomotives.
b. automatic couplers.
c. air brakes.
d. All of the above are correct.
e. Only a and b are correct.
d. All of the above are correct.
Economics
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Refer to Scenario 6.1. Suppose the friends are forced by government to combine their businesses and share what they make. With this revision to the scenario, the Nash equilibrium occurs where
A) both Tasha and Gloria work extremely hard. B) both Tasha and Gloria work somewhat hard. C) Both A and B represent Nash equilibria. D) There is not a Nash equilibrium in this scenario.
Economics
What does it mean when an economist says that a firm is buying labor in a competitive market?
What will be an ideal response?
Economics