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

Author Question: If each player in a game uses a strategy that results in a Nash equilibrium outcome, the players are ... (Read 253 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
If each player in a game uses a strategy that results in a Nash equilibrium outcome, the players are most likely to say
 
  A) I don't like my choice, because I think I could have done better.
  B) Given the strategies chosen by the other players in the game, I probably could have done better if I had more time.
  C) Given the strategies chosen by the other players in the game, I made the best possible choice.
  D) There was no real strategy on my part, I basically made an educated guess.

Question 2

If demand is given by Q = Ap-b where A and b are positive constants, the absolute value of price elasticity of demand
 
  A) = b.
  B) = A.
  C) = A/b.
  D) depends on the price.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

C

Answer to Question 2

A




newbem

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Gracias!

 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library