Consider the ultimatum game, where an​ "allocator" is​ given, say, ​$100.00 to decide how to divide with a​ "recipient," who then decides whether to accept or reject the​ allocation, ultimately determining whether the pair receives the allocation or nothing. What is the optimal play in the ultimatum​ game? The optimal play in the ultimatum game is for the allocator to propose a division of the money such that the recipient receives​$ and the recipient then( ACCEPTS, OR REJECTS) the division. ​(Enter your response as a real number rounded to two decimal​ places.)

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise