A subgame-perfect equilibrium is a Nash equilibrium in which no ...

[KimWrice]

A subgame-perfect equilibrium is a Nash equilibrium in which no player can make himself better off by changing his decision at any decision node.
 
  Indicate whether the statement is true or false

Question 2

Which factors explain labor productivity?
 
  A) diminishing returns; the quantity of labor per hour worked
  B) diminishing returns; the quantity of capital per hour worked
  C) technological change; the quantity of capital per hour worked
  D) technological change; the quantity of labor per hour worked

[blakeserpa]

Answer to Question 1

TRUE

Answer to Question 2

C