Gasoline and heating oil are examples of products which are
A) joint products in fixed proportions.
B) joint products in variable proportions.
C) joint products that are complements.
D) unrelated to each other.
B
Economics
You might also like to view...
Using the five criteria in the book, explain how U.S. currency is suitable to use as a medium of exchange
What will be an ideal response?
Economics
The difference between a Nash equilibrium and a subgame-perfect equilibrium is:
a. the former requires rational play both on and off the equilibrium path but the latter requires rational play only on the equilibrium path. b. the former requires rational play only on the equilibrium path but the latter requires rational play both on and off the equilibrium path. c. Nash equilibria are a subset of the subgame-perfect equilibria. d. nothing; they are synonyms.
Economics