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Economics Lecture Four (view source)

Revision as of 19:07, August 19, 2009

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7.  Suppose you are the manager of the New York Giants and you want to draft (select) a college running back to play on your team next year.  But the best player available at the time of your draft choice is a quarterback.  You already have a good quarterback.  What do you do to maximize your value by your selection?
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7.  Suppose you are purchasing a new car that sells for $20,000.  The car dealer then tells you that he just received a "return" by someone who had bought the same car, driven it only 100 miles, and then returned it.  <more>
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