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Author Question: Game theory is a tool for studying ________. A) Nash behavior B) payoff dilemmas C) rational ... (Read 29 times)

Yi-Chen

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on: Jun 29, 2018
Game theory is a tool for studying ________.
 
  A) Nash behavior
  B) payoff dilemmas
  C) rational dilemmas
  D) strategic behavior

Question 2

To maximize her utility, Pat should spend all of her money and buy goods in a way that
 
  A) the marginal utility of the last unit of each good is the same.
  B) the marginal utility per dollar from each good is the same.
  C) her total expenditure on each good is the same.
  D) her price elasticity of demand for each good is the same.


Natalie4ever

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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Yi-Chen

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Reply #2 on: Jun 29, 2018
Thank you


Natalie4ever

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Reply #3 on: Jun 29, 2018
No problemo


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