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Author Question: In a subgame-perfect equilibrium A) each player's strategy constitutes a Nash equilibrium at ... (Read 77 times)

bobbie

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on: Jun 29, 2018
In a subgame-perfect equilibrium
 
  A) each player's strategy constitutes a Nash equilibrium at every subgame of the original game.
  B) the last mover has an advantage over other players.
  C) the first mover has an advantage over other players.
  D) each player has the same response as the others at every subgame of the tree.

Question 2

In a small European country, it is estimated that a 10,000 increase in capital per hour worked will increase real GDP per hour worked by 300. Based on this information, what is the slope of the per-worker production function in this range?
 
  A) 0.03 B) 3.3 C) 33.3 D) 333


Swizqar

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

A

Answer to Question 2

A


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bobbie

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Reply #2 on: Jun 29, 2018
Thank you


Swizqar

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Reply #3 on: Jun 29, 2018
No problemo


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