During Prohibition crime ____ and the amount spent on law enforcement ____
a. stayed roughly the same; remained level
b. increased dramatically; more than doubled
c. remained level; more than doubled
d. decreased slightly; more than doubled
b. increased dramatically; more than doubled
Economics
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What is a Nash equilibrium? Is this equilibrium necessarily the best outcome for the players? Give an example
What will be an ideal response?
Economics
If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bars, the marginal utility of the second candy bar is
A) 25 utils. B) 20 utils. C) 5 utils. D) unknown as more information is needed to determine the answer.
Economics