Privately rational decision (eg, individual investment level) In the following diagram, D Expected decision by other agents (eg, average investment level) Dy How can the point Y1 be interpreted? Select more than one answer 45-degree line profit-maximizing best response Agents who invest may plan to export their products to other countries The S-shaped curve is increasing because of large spillover effects By complementarity, agents who invest will not affect other agent's investment decisions Some agents invest even if the expected investment is zero With zero expected investment by others, everyone in the economy will decide not to invest

Privately rational decision (eg, individual investment level) In the following diagram, D Expected decision by other agents (eg, average investment level) Dy How can the point Y1 be interpreted? Select more than one answer 45-degree line profit-maximizing best response Agents who invest may plan to export their products to other countries The S-shaped curve is increasing because of large spillover effects By complementarity, agents who invest will not affect other agent's investment decisions Some agents invest even if the expected investment is zero With zero expected investment by others, everyone in the economy will decide not to invest

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 26CTQ: Suppose, as an economist, you are asked to analyze an issue unlike anything you have ever done...

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Lcom/:w:/g/personal/swhite2_bu_edu/EV8wKQXB9QdNvQPbGJ6pm9cBdWPipCeu9s0GwUQJy8aG0g?e=sL5u4x SM131 Course P SM132 & EC102 P... P PIAZZA BU Healthway Wallstreetbets Fantasy Bbal| Discover Login practice final 1 For questions 50 and 51 the table below showing the input costs of making bread and cheese might be helpful. Assume that that costs are constant and that England and Spain each have 40 hours available to make food. Labor Hours Needed to Make 1 Unit of Bread Cheese Spain England 1 12 50. England has a comparative advantage in the production of a. neither good and Spain has a comparative advantage in the production of both goods. b. cheese and Spain has a comparative advantage in the production of bread. c. bread and Spain has a comparative advantage in the production of cheese. d. both goods and Spain has a comparative advantage in the production of neither good. 51. At which of the following prices would both England and Spain be willing to trade with each other? a. England and…
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