John and Karl can live together in a two-bedroom apartment for $900 per month, or each can rent a single-bedroom apartment for $550 per month. Aside from the rent, the two would be indifferent between living together and living separately, except for one problem: John leaves dirty dishes in the sink every night. Karl would be willing to pay up to $175 per month to avoid John's dirty dishes. John, for his part, would be willing to pay up to $225 to be able to continue his sloppiness. a. Should John and Karl live together? They [(Click to select) ✓ live together. If they do, will there be dirty dishes in the sink? (Click to select) b. If John would be willing to pay up to $30 per month to avoid giving up his privacy by sharing quarters with Karl, should John and Karl live together? John and Karl should live (Click to select)

Moe divides his time between studying Physics and studying Economics. His production possibimes curve for his final grade in each class is shown in the accompanying figure 100 90 80 70 60 50 40 30 20 10 0 10 20 30 40 50 60 70 80 90 100 Economics Grade Both of Moe's professors require at least a 65 to pass and a 90 to earn an A. Which of the following is true? Multiple Choice Moe can pass both classes b Moe can pass physics, but only the tails economics Moe can pass economics, but only it he falls onysics Moe could earn an A in economics and stil pess physics Physics Grade O

Lx Give Up? V Hint Check Answer Question 6 of 14 Attempt 2 6. Trigger strategies in repeated games a. Under a tit-for-tat strategy, a player retaliates permanently against any decision by an opponent to defect - b. Under a grim trigger strategy, a player allows an opponent to defect one or more times before retaliating c. Under a trembling hand trigger strategy, a player repeats each prior move of a competitor d. In the box below, rank the three trigger strategies in order of harshest to most lenient. Question Source: Chiang 4e- Economics Principles For A Changing World Publisher 43°F a 近

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Is this example also an example of economically rational decision making? “In 2019, I started my small business by selling prints of my photographs. Now it’s temporarily closed. During this time I had the option of shipping my prints through USPS or UPS. I decided to ship my prints through USPS instead of UPS since it was a bit expensive at the time. My prints that were shipped out from USPS arrived in time and came in good condition. The opportunity cost is the cost of UPS shipping.”

Hi - I'm confused on isocost lines... I have to draw a diagram with artifical intelligence on the y-axis and human intelligence on the x-axis and draw isocost lines.

Please correct answer and don't use hand rating

Give typing answer with explanation and conclusion Consider a good or service where consumers pay more than its actual valuation (for eg, products with markup prices at retail significantly higher than their cost: greetings cards, bottled water, stock price, movie theatre popcorn/candy). Based on the irrational decision-making and marginal analysis, explain why such irrational decision-making could take place in this situation.

1. The rules regarding economic decision maker behavior are: Group of answer choices A: Consumers behave rationally and maximize utility, but producers do not behave rationally B: Producers behave rationally and maximize profits, but consumers do not behave rationally C: consumers are ratiional and maximize utility, and producers are rational and maximize profits D: Consumers maximize total consumption, and producers maximize production

Oscar purchased a $30 steak for dinner, but burned it bad on the grill. Since he paid top dollar for the steak he figures he should eat it anyways. Is Oscar properly using economic reasoning? Yes, the marginal cost of not eating the steak would be $30. No, the $30 spent on the steak is a sunk cost and should not be included in his decision whether to eat the steak or not.. Yes, if he doesn't eat the steak he will have wasted economic resources. No, the opportunity of eating the steak is whatever else he could have purchased for the $30.