Explain how it would be possible to cheat someone

Assignment Help Microeconomics
Reference no: EM132482451

Explain how it would be possible to cheat someone who had intransitive preferences. Be explicit about what you would offer him if you were trying to exploit his intransitivity and what he would do in response.

Reference no: EM132482451

Questions Cloud

Prepare a postclosing trial balance tor the firm on december : Prepare a postclosing trial balance tor the firm on December 31. 2019. The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies
Conduct all the transactions of a normal day : Would you keep some stocks of items that you know lots of people are willing to accept? Would you really be bartering, or would you be using a commodity as mone
What price should you set : Suppose the elasticity of demand is -2.5 and you have a marginal cost of 3.6. Using the optimal mark-up rule, what price should you set?
What was depreciation and amortization expense : The company had $6.8 million in interest expense, and it's average corporate tax rate was 35 percent. What was its depreciation and amortization expense?
Explain how it would be possible to cheat someone : Explain how it would be possible to cheat someone who had intransitive preferences.
Explain the cause of the disease in the patient : Relate history to the diagnosis. What risk factors are present, and how does each predispose to disease? How could this disease have been prevented in this.
How can a company generate revenue : How can a company generate revenue? Assets such as receivables, inventory, and property, plant, and equipment are the key resources
Describe what productive efficiency means : Perfect Competition is the one industry structure that achieves productive efficiency. Describe what productive efficiency means and state
Discuss the impact on the health care delivery system : Describe the policy health issue. Include the following information: (a) what population is affected, (b) at what level does it occur.

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe the germinal center responses

Describe the germinal center responses. Why are these responses important? Why are T cells important in germinal center responses? (immunology)

  What advice did intel ignore when they adopted practice

Intel made large loyalty payments to HP in exchange for HP buying most of their chips from Intel instead of rival AMD. AMD sued Intel under the antitrust laws

  Find some recent projections for the future path

Find some recent projections for the future path of the US government debt as a percentage of GDP. Do you think these assumptions are reasonable?

  Expanded growth in a certain portion of the city

2) Due to expanded growth in a certain portion of the city, a new waste truck capacity is needed. An additional truck can be purchased now to replace the presently owned assets. The city uses a 5% interest rate for project evaluation. It is eco..

  Graph the budget constraint without the policy

a) Graph the budget constraint without the policy (without the cost subsidy), illustrating on the graph the role of K (the daycare cost), the weekly market wage rate w, weekly hours and assume the individual already possesses a yearly non labour inco..

  What are factors that might and might not be part of growth

Do you agree with previous paragraph? What are the other factors that might and might not be part of all this growth?

  Explain why a measles vaccination is not a public good

Explain why a measles vaccination is not a public good but why, nonetheless, an efficient outcome can be achieved by making it compulsory and paid for.

  A examine your y data excluding the hold out period to

a examine your y data excluding the hold out period to determine if it needs to be differenced to make it stationary.

  What effect would they ?nd from openness

GDP = 0.2 x Financial Sector Reform + 0.4 x Capital Stock - 0.05 Openness But that Financial Sector Reform = 2 x Openness , If an econometrician ran a regression of GDP on the capital stock and openness, what effect would they ?nd from openness?

  Prepare a corrected classified balance sheet

The net accounts receivable balance is comprised of the following three items: (a) accounts receivable-debit balances $55,590; (b) accounts receivable-credit balances $8,000;

  Explain how the government uses fiscal and monetary policy

Explain how the government uses fiscal and monetary policy to expand or contract the economy.  Be sure to indicate the impact of fiscal and monetary policy on such important variables as employment, interest rates, GDP and government revenue.

  Explain understanding cultural differences

Explain understanding cultural differences. Should you pay the 10 percent commission? Justify your response.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd