This topic contains a solution. Click here to go to the answer

Author Question: In the strategic view of bargaining: a. Bargaining is described by an explicit game b. Insights ... (Read 110 times)

jake

  • Hero Member
  • *****
  • Posts: 538
In the strategic view of bargaining:
 a. Bargaining is described by an explicit game
  b. Insights are drawn from how many similar games are played without specifying the strategies
  c. We use the fact that bargaining often results in a fifty-fifty split
  d. It is important to limit your opponent's disagreement value

Question 2

The marginal rate of technical substitution (RTS) of labor for capital measures:
 a. the amount by which capital input can be reduced while holding quantity produced constant when one more unit of labor is used.
  b. the amount by which labor input can be reduced while holding quantity produced constant when one more unit of capital is used.
  c. the ratio of total labor to total capital.
  d. the ratio of total capital to total labor.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

a

Answer to Question 2

a




jake

  • Member
  • Posts: 538
Reply 2 on: Jul 1, 2018
:D TYSM


recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

For a complete list of videos, visit our video library