A professor is invited to visit three universities located in Chicago, New York and Washington, respectively. The round trip costs of visiting each city either separately or in combination are as follows: Chicago (C) 400 New York (N) 300 Washington (D) 300 C and N 600 C and D 500 N and D 450 C, N and D 750 The anti-core is a variation of the core suitable for allocating costs vs. benefits. Formally, the anti-core is the set of payoff vectors such that no coalition is charged more than its own cost, c(S), or ( ), .  n i i S x x cS S N       a. If the professor were to make a single trip to all three and allocate the costs equally among the hosts, is this in the anti-core? Explain. b. Is the allocation (350,200,200) to C, N and D, respectively, in the anti-core? Explain. c. If costs were allocation according to the Shapley value, what amount should each pay? Is this in the anti-core? Explain

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Double corporation acquired all of the common stock of simple company for

Which of the following would be an accurate statement about achieving a balanced budget