Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 1, Problem 6SPPA
To determine

To explain:

The incentives that would have changed, if, to hire an actor Mr. C, a double pay is paid who was offered a part in another movie, and the way the changed incentives had affected the choices of the people.

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Problem: An art museum is opening a new exhibit soon and wants to know what percentage of museum attendees will return to see the new exhibit. During two afternoons, a Thursday and a Saturday, they ask randomly-selected people exiting the museum, "Would you consider returning for our exciting new exhibit opening in two weeks?" What was good about this survey? What could be improved?
Please help with #4 that is all the info. For it thank you
explain it correctly every points.
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