This topic contains a solution. Click here to go to the answer

Author Question: When the TR and TC curves have the same slope, A) they are the furthest from each other. B) ... (Read 122 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
When the TR and TC curves have the same slope,
 
  A) they are the furthest from each other.
  B) they are closest to each other.
  C) they intersect each other.
  D) profit is negative.
  E) profit is zero.

Question 2

A strategy A is dominant for a player X if
 
  A) strategy A contains among its outcomes the highest possible payoff in the game.
  B) irrespective of any of the possible strategies chosen by the other players, strategy A generates a higher payoff than any other strategy available to player X.
  C) strategy A is the best response to every strategy of the other player.
  D) strategy A is the best response to the best strategy of the other player.
  E) every outcome under strategy A generates positive payoffs.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

A

Answer to Question 2

C




kwoodring

  • Member
  • Posts: 560
Reply 2 on: Jul 1, 2018
Gracias!


chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

For a complete list of videos, visit our video library