1. Indicate how each of the following changes would influence the incentive of a decision-maker to undertake the action described:

(a) A reduction in the temperature from 80° to 50° on one's decision to go swimming

(b) A change in the meeting time of the introductory economics course from 11:00 Α.Μ. to 7:30 A.M. on one's decision to attend the lectures

(c) A reduction in the number of exam questions that relate to the text on the student's decision to read the text

(d) An increase in the price of beef on one's decision to have steak every night this week

(e) An increase in the rental price of apartments on one's decision to build additional housing units