Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Question: The website ultrinsic.com has developed an "ulterior motive that causes the person to have an intrinsic love of knowledge." At Ultrinsic, students pay a small entry fee to compete in grades-based contests for cash prizes. Suppose that 20 students from your economics class each pay $20 to enter a grades-based contest. This would create a $400 prize pool. An equal share of the $400 pot is awarded at the end of the term to each contestant who earns an A in the course. If four students earn A's, they each receive $100. If only one student earns an A, that person gets the entire $400 pot. What economic concept is Ultrinsic harnessing in order to encourage participants to learn more?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92289354

Have any Question?


Related Questions in Microeconomics

Question there is ongoing policy debate concerns whether to

Question: There is ongoing policy debate concerns whether to legalize the use of drugs, such as marijuana. Some researchers estimate that legalizing marijuana would cause its price to fall by as much as 95 percent. Propo ...

Question 1 reflect upon the it strategies that are used to

Question: 1. Reflect upon the IT strategies that are used to encourage economic development. Select two strategies and discuss how economic factors affect the strategies that a government may use to facilitate economic d ...

Questionnbsp 1 the effort of a program evaluator to assess

Question:  1. The effort of a program evaluator to assess the assumptions and procedures relating to the data that have been collected for analysis is referred to as: i) metaevaluation ii) Objective program evaluation ii ...

Question use the internet to search for an example of an

Question: Use the Internet to search for an example of an enthymeme in the media (e.g., Internet, television, radio, newspapers, etc.). • You may find an op-ed, political piece, advertising, et cetera. • Identify the imp ...

Question a john has 40 gallons of gasoline g and 20 bags of

Question: a) John has 40 gallons of gasoline (G) and 20 bags of sugar (S). For that market basket, John's MRSSG is 3G/1S. Maria has 40G and 50S. For that market basket, Maria's MRSSG is 1G/1S. Use a numerical example to ...

Question for this scholarly activity develop a supporting

Question: For this scholarly activity, develop a supporting human resource (HR) plan for an organizational strategy. Research a company that has undergone (or attempted to undergo) a shift in organization or culture with ...

Quesiton suppose the government was to provide a 2 per hour

Quesiton: Suppose the government was to provide a $2 per hour subsidy or 300 dollars for families with an employed mother who purchases child care, how would these two policies affect women's working decision? The respon ...

Question research your present or past companys view on

Question: Research your present or past company's view on corporate social responsibility. If you do not currently work for a company, pick a company that supports corporate social responsibility. Are there programs or i ...

Question draw the representative firmmarket graph of a

Question: Draw the representative firm/market graph of a perfectly competitive market in long-run equilibrium. Be sure to include and label all necessary curves. (a) Suppose the market demand curve shifts outwards, descr ...

Question wikipedia the european union is a geo-political

Question: Wikipedia: The European Union is a geo-political entity covering a large portion of the European continent. It is founded upon numerous treaties and has undergone expansions that have taken it from 6 member sta ...

  • 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

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved