Sarita can bake either a combination of 25 cakes and 15 pies or a combination of 10 cakes and 20 pies. If she now bakes 10 cakes and 20 pies, what is the opportunity cost of baking an additional 15 cakes?

A) 5 pies B) 10 pies C) 15 pies D) 20 pies

A

Economics

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Assume there are two competing social network sites, Mugshot and Graybar, and each grow in value as more people use them

Mugshot has been around longer and has the most users, but people tend to agree that Graybar is a better site, so the equilibrium where everyone uses Graybar is preferred to the equilibrium where everyone uses Mugshot. This situation describes a multiplayer A) assurance game. B) prisoner's dilemma game. C) battle of the sexes game. D) pure coordination game.

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Explain how the German Bundesbank gained its low-inflation reputation

What will be an ideal response?

Economics