Critical thinking consider a class of 25 microeconomics, Ask an Expert

Economics

Critical Thinking: Consider a class of 25 Microeconomics students, some of whom are confused about a concept after a professor explains it. A student who reveals his confusion by asking a question loses 10 utile. However, when the professor clarifies the concept, each confused student benefits 2 utile.

At what level of confusion (number of confused students) is a question from a confused student socially efficient?

Without participation incentives, will a confused student ask a question when it would be socially efficient? How will they know it is socially efficient?

How would you design an incentive system to generate questions from confused students?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91275920

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