If you have a choice between consuming bundle X or bundle Y, the opportunity cost of consuming bundle X is bundle Y
a. True
b. False
Indicate whether the statement is true or false
True
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Kyle and Stan are playing Odds or Evens, where Kyle is designated as the "odd" player and Stan is designated as the "even" player. They decide to play the game 10 times. If Kyle adopts a pure strategy of "shoot 2," Stan shoul
A) also adopt a pure strategy of "shoot 2." B) adopt a pure strategy of "shoot 1." C) adopt a mixed strategy of "shoot 1" 50% of the time and "shoot 2" 50% of the time. D) adopt a mixed strategy of "shoot 1" more than 50% of the time and "shoot 2" less than 50% of the time.
In the market for professional basketball,
a. pro basketball teams are the suppliers and pro basketball players are the demanders b. pro basketball players are the suppliers and basketball fans are the demanders c. pro basketball players are the suppliers and pro basketball teams are the demanders d. pro basketball teams are the suppliers and basketball fans are the demanders e. basketball fans are the suppliers and pro basketball teams are the demanders