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A population ecologist is studying the demographics of American bison living on a grassland in North Dakota. She captures, marks, and releases 100 bison. Later, she recaptures 100 bison and discovers that 50 were previously marked and half of those marked are of reproductive age. What is the population ecologist's estimate of how many bison in the total population are of reproductive age?
Microeconomics
The branch of economics that studies individual agents and markets, their interactions, and the outcomes of these interactions.
Wage Cut
A decrease in the amount of wages that employees earn.
Productivity
The effectiveness of productive effort, as measured in terms of the rate of output per unit of input.
Separating Equilibrium
A situation in game theory where different types of players (usually with different information) choose different strategies, allowing their types to be inferred by others.
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