Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Assume ESPN introduces a new performance comparison system for NBA players (basketball), i.e. preference relation for ranking players as strictly better, weakly better or indifferent (equally good). ESPN’s new criterion (the preference relation) is defined as: “better defender and better 3-point shooter". Please analyze which of the three axioms (completeness, reflexiveness and transitivity) does the ESPN’s new preference relation satisfies.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91992775

Have any Question?


Related Questions in Business Economics

What is the supply curve how do you apply the law of supply

What is the supply curve, how do you apply the law of supply in economics?

1 for each of the following write out the null and

1. For each of the following, write out the null and alternative hypotheses, and indicate whether it is a one-tail or two-tail hypothesis test a) Do Canadian children whose parents are librarians do better than Canadian ...

When asked to call heads or tails for a coin toss are

When asked to call heads or tails for a coin toss, are people equally likely to choose heads or tails? Conventional wisdom indicates that people tend to pick heads more often than tails. What are the observational units ...

Ford motors expects a new hybrid-engine project to produce

Ford Motors expects a new? Hybrid-engine project to produce incremental cash flows of $ 95 million each year and expects these to grow at 4?% each year. The upfront project costs are? $900 million and? Ford's weighted av ...

Connecticut should pass its senate bill 60 which states

Connecticut should pass its Senate Bill 60, which states that during a 'severe weather event emergency, no person within the chain of distribution of consumer goods and services shall sell or offer to sell consumer goods ...

Suppose the timing device used in thenbspmensnbsprace

Suppose the timing device used in the  men's  race failed to activate at the start of the race and instead began to record the times seconds into the race.  Consider how the competitors' times would be affected. Would th ...

What is the usefulness of the total revenue test for price

What is the usefulness of the total revenue test for price elasticity of demand? What are the factors that affect price elasticity of demand and price elasticity of supply? What are some applications of each?

We have bottles of milk that have a mean of 20 oz and

We have bottles of milk that have a mean of 20 oz and standard deviation of 0.02. What is the probability that a bottle would have a mean of more than 20.3 oz?

A firm produces product a and product b this years sales

A firm produces Product A and Product B. This years sales price of Product A have decreased tremendously, and the sale of Product B has increase by 10 percent. The firm has threeemployees that can produce Product A and f ...

The reason that would cause movement along demand curve is

The reason that would cause movement along demand curve is 1) income of the buyers. 2) availability of close substitutes. 3) a change in the price of the good itself. 4) non of the above

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As