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Author Question: In the labor negotiation game: a. Neither party prefers bargaining hard b. Neither party prefers ... (Read 43 times)

craiczarry

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on: Jul 1, 2018
In the labor negotiation game:
 a. Neither party prefers bargaining hard
  b. Neither party prefers accommodating the other
  c. Both parties bargain hard in the Nash equilibrium
  d. Neither party knows what the equilibrium will be.

Question 2

For a fixed proportion production function, at the vertex of any of the (L-shaped) isoquants the marginal productivity of either input is:
 a. constant.
  b. zero.
  c. negative.
  d. a value that cannot be determined.


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Koolkid240

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

d

Answer to Question 2

b


craiczarry

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Liamb2179

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Reply 3 on: Yesterday
:D TYSM

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