After Your Fish Became Comatose Secondary to Hyperinsulinism, You Administered________

question 12

Multiple Choice

After your fish became comatose secondary to hyperinsulinism, you administered________ to restore normal function.

• A)epinephrine
• B)insulin
• C)glucose
• D)glucagon

Understand the concept and application of Pigouvian taxes and subsidies as a means to correct market failures due to externalities.

Recognize the tragedy of the commons and overuse of common resources.

Analyze the impact of strategic behavior on market outcomes, including advertising and inter-firm competition.

Understand the concept of Nash equilibrium in games involving externality effects.

---

Definitions:

Weekly Disbursements

The total amount of money a business pays out in a week, covering expenses such as salaries, supplier payments, and other operational costs.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

BAT Model

Stands for the Behavioral Adjustment Target model, which is a concept in finance that deals with the adjustments investors make based on behavioral economics principles.

Weekly Cash Flows

The movement of cash in and out of a business on a weekly basis, indicating its operational liquidity position.