Author Question: Refer to the scenario above. You should use ________ to make your decision. A) backward induction ... (Read 24 times)

corkyiscool3328 · **on:** Jun 29, 2018

Refer to the scenario above. You should use ________ to make your decision.

A) backward induction
B) forward induction
C) mixed strategies
D) your dominant strategy

Question 2

Among a set of alternatives with the same benefits, an individual is said to optimize if she chooses an alternative that:

A) has the lowest total cost.
B) has the highest total cost.
C) has the highest indirect cost.
D) has the lowest opportunity cost.