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Author Question: A production possibilities frontier figure does NOT illustrate A) the limits on production ... (Read 80 times)

swpotter12

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on: Jun 29, 2018
A production possibilities frontier figure does NOT illustrate
 
  A) the limits on production imposed by our limited resources and technology.
  B) the exchange of one good or service for another.
  C) opportunity cost.
  D) attainable and unattainable points.

Question 2

In a simultaneous move game, ________.
 
  A) each player has to make his choice after knowing his rival's choice
  B) each player has to make his choice without knowing his rival's choice
  C) there is always more than one Nash equilibrium
  D) there is always more than one dominant strategy equilibrium


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jlaineee

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

B

Answer to Question 2

B


swpotter12

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bbburns21

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Reply 3 on: Yesterday
Excellent

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