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Author Question: If production is given by Q = KL, doubling both inputs a. more than doubles output. b. exactly ... (Read 61 times)

abern

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on: Jul 1, 2018
If production is given by Q = KL, doubling both inputs
 a. more than doubles output.
  b. exactly doubles output.
  c. increases output but does not double it.
  d. leaves output unchanged.

Question 2

Two games that differ only in the timing of movesone simultaneous, the other sequential movecan sometimes have completely different subgame-perfect equilibria. Why?
 a. The second mover to choose non-credible threats.
  b. The first mover can choose an action that it would deviate from if its action were secret.
  c. Subgame-perfect equilibrium cannot be applied to simultaneous games.
  d. All of the above.


bubulittle310@msn.cn

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


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