⟩ What perfect competitive market and pure monopoly market have in common?
A perfect competitive market and pure monopoly market both have to follow the "law of demand".
A perfect competitive market and pure monopoly market both have to follow the "law of demand".
You are faced with two doors. One door leads to your job offer (that's the one you want!), and the other leads to the exit. In front of each door is a guard. One guard always tells the truth. The other always lies. You can ask one question to decide which door is the correct one. What will you ask?
You have a five-gallon jug and a three-gallon jug. You must obtain exactly four gallons of water. How will you do it?
What is the size of the market for disposable diapers in China?
The four members of U2 (Bono, the Edge, Larry and Adam) need to get across a narrow bridge to play a concert. Since it's dark, a flashlight is required to cross, but the band has only one flashlight, and only two people can cross the bridge at a time. (This is not to say, of course, that if one of the members of the band has crossed the bridge, he can't come back by himself with the flashlight.) Adam takes only a minute to get across, Larry takes two minutes, the Edge takes five minutes, and slowpoke Bono takes 10 minutes. A pair can only go as fast as the slowest member. They have 17 minutes to get across. How should they do it?
A company has 10 machines that produce gold coins. One of the machines is producing coins that are a gram light. How do you tell which machine is making the defective coins with only one weighing?
You have a painting that is $320 that is selling for 20 percent off. How much is the discounted price?
You're playing three-card monte. Two cards are red, one is black. (Note In three-card monte, the three cards are face down and you try to pick the black card in order to win.) You pick the middle card. After you pick, the dealer shows that one of the cards you have not chosen is red. You are given the chance to switch your selection. Should you?
If you look at a clock and the time is 315, what is the angle between the hour and the minute hands?
What is the sum of the numbers from one to 50?
A straight flush beats a four-of-a-kind in poker because it is more unlikely. But think about how many straight flushes there are - if you don't count wraparound straights, you can have a straight flush starting on any card from two to 10 in any suit (nine per suit). That means there are 36 straight flushes possible. But how many four of a kinds are there - only 13. What's wrong with this reasoning?