Refer to the scenario above. You should use ________ to make your ...

[corkyiscool3328]

Refer to the scenario above. You should use ________ to make your decision.
 
  A) backward induction
  B) forward induction
  C) mixed strategies
  D) your dominant strategy

Question 2

Among a set of alternatives with the same benefits, an individual is said to optimize if she chooses an alternative that:
 
  A) has the lowest total cost.
  B) has the highest total cost.
  C) has the highest indirect cost.
  D) has the lowest opportunity cost.

[mrphibs]

Answer to Question 1

A

Answer to Question 2

A

[corkyiscool3328]

Excellent

[yeungji]

Thanks for the timely response, appreciate it