Author Question: Both optimization in levels and optimization in differences: A) consider only the benefits from ... (Read 28 times)

acc299 · **on:** Jun 29, 2018

Both optimization in levels and optimization in differences:

A) consider only the benefits from different alternatives.
B) consider only the costs incurred in different alternatives.
C) provide identical answers when comparing two alternatives.
D) require the calculation of change in net benefits of switching from one alternative to another.

Question 2

Refer to the scenario above. The situation here is similar to that in a(n) ________.

A) prisoners' dilemma
B) zero-sum game
C) ultimatum game
D) symmetric game