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 dominant strategy is for Tasha to work ________ and for Gloria to work ________
A) extremely hard; extremely hard
B) extremely hard; somewhat hard
C) somewhat hard; extremely hard
D) somewhat hard; somewhat hard
D
Economics
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What is production technology?
What will be an ideal response?
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If a subsidy (going to consumers) on a good is eliminated, this would
A. cause a movement along the demand curve to a (lower price, higher quantity) point. B. cause a movement along the demand curve to a (higher price, lower quantity) point. C. move its demand curve to the right. D. move its demand curve to the left.
Economics