John and rebecca are playing an ultimatum game where john is given $100.00 and asked to propose a way of splitting it with rebecca. when rebecca learns john’s proposal, she chooses whether to accept or reject the split. if rebecca accepts the split, both players receive the money according to john’s split proposal. if rebecca rejects the split, both players receive nothing. this game will be played only once, so john does not have to worry about reciprocity when making his choice. suppose that john proposes a split such that john will receive $99.99 and rebecca will receive $0.01. traditional economic theory predicts that rebecca will:

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Special order carson manufacturing, inc., sells a single product for $36 per unit. at an operating level of 8,000 units, variable costs are $18 per unit and fixed costs $10 per unit. carson has been offered a price of $20 per unit on a special order of 2,000 units by big mart discount stores, which would use its own brand name on the item. if carson accepts the order, material cost will be $3 less per unit than for regular production. however, special stamping equipment costing $4,000 would be needed to process the order; the equipment would then be discarded. assuming that volume remains within the relevant range, prepare an analysis of differential revenue and costs to determine whether carson should accept the special order. use a negative sign with answer to only indicate an income loss from special order; otherwise do not use negative signs with your answers.

Which term best describes the statement given below? if p = q and q = r, then p = r