Author Question: An rational, optimizing, self interested consumer would consume up to the point where a. the ... (Read 56 times)

jasdeep_brar · **on:** Jul 1, 2018

An rational, optimizing, self interested consumer would consume up to the point where
a. the consumer surplus from the last unit is positive
b. the consumer surplus from the last unit is negative
c. the consumer surplus from the last unit is zero
d. none of the above

Question 2

What would be the Nash equilibrium of this simultaneous game?
a. Boxing, boxing
b. Ballet, ballet
c. Boxing, ballet
d. Both A&B