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Author Question: A single production possibilities frontier assumes A) a given set of resources. B) only one good ... (Read 72 times)

Jipu 123

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on: Jun 29, 2018
A single production possibilities frontier assumes
 
  A) a given set of resources.
  B) only one good can be produced from a given set of resources.
  C) resources are free.
  D) there are no opportunity costs of production.
  E) all of the above.

Question 2

Which of the following is true of a prisoners' dilemma game?
 
  A) A prisoners' dilemma game has multiple Nash equilibria.
  B) There is no dominant strategy equilibrium in a prisoners' dilemma game.
  C) The dominant strategy equilibrium in a prisoners' dilemma game is also the Nash equilibrium.
  D) The prisoners' dilemma game is an extensive-form game.


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aprice35067

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Jipu 123

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

scottmt

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Reply 3 on: Yesterday
Excellent

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