Multiple Choice
When people play the "ultimatum game," in which one person gets to decide how to split a sum of money by offering a share to another person and neither gets anything if the second person rejects the offer, the result is often that the first person offers:
A) something close to 50-50, but the second person rejects this offer.
B) something close to 50-50, and the second person accepts this offer.
C) one cent, and the second person accepts this offer.
D) the full amount, and the second person accepts this offer.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Diminishing marginal utility implies that as an
Q2: Refer to the graph shown. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7145/.jpg"
Q4: Refer to the graph shown. Total utility
Q5: Using indifference curve analysis, you can identify
Q6: The following table describes utility for
Q7: As a consumer moves along a budget
Q8: Tom is maximizing utility by buying three
Q9: Some kids wait until the school year
Q10: Using the indifference curve model, a demand
Q11: Behavioral economists have found that people are