The new york times reports that cruise lines have been slashing prices and cruise sales are up. it says this surge of interest tells us that despite the uncertain economic climate, people clearly need more fun in their lives and view their vacations as a valuable and necessary part of it.
1. in deciding whether to take a cruise, would you face a trade off?
2. how would you make a rational choice about taking a cruise? 3. what would be the marginal benefit from the cruise? marginal cost?
4. why would you expect a lower price to increase the number of people who decide to take a cruise?

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society