Which of the following is an example of satisficing behavior?
a. You continue studying for your economics exam until you believe you'll get a score that's good enough.
b. You spend time looking over the lettuce at the grocery store in order to make sure you get the best head of lettuce.
c. You clean your room to the point where you think it's clean enough that further time can be used for more productive purposes.
d. You carefully plan your day in order to get "the most out of life."
a
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In the game in Scenario 13.17, who moves first?
A) Potential Entrant B) Incumbent Monopoly C) It's a sequential game; firms alternate moving first. D) Both players move simultaneously. E) Who moves first is decided by the equilibrium.
Proponents of comparable worth justifies it on the ground that:
a. interfering with the functioning of the labor market will lead to shortages of labor. b. interfering with the functioning of the labor market will lead to excess supplies of labor. c. as a result of personal prejudices the market is unable to assess marginal products. d. market correctly processes the innumerable information which is available. e. interaction of demand and supply correctly determines the wage rate.