In a subgame-perfect equilibrium
A) each player's strategy constitutes a Nash equilibrium at every subgame of the original game.
B) the last mover has an advantage over other players.
C) the first mover has an advantage over other players.
D) each player has the same response as the others at every subgame of the tree.
Question 2
In a small European country, it is estimated that a 10,000 increase in capital per hour worked will increase real GDP per hour worked by 300. Based on this information, what is the slope of the per-worker production function in this range?
A) 0.03 B) 3.3 C) 33.3 D) 333
Othmer’s Equilibrium Still Schematic Diagram
Chemical equilibrium and the law of mass action.
School aged chess player
Write equilibrium constant expressions for the following reactions in terms of concentration:
Write the acidic equilibrium equation for HC₆H₅O.
Paired-end shotgun sequencing strategy