« previous next »

Author Question: What is backward induction? What will be an ideal response?[br][br][b][color=#165FFA]Question ... (Read 24 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
What is backward induction?
 
  What will be an ideal response?

Question 2

The above figure shows the U.S. market for 1 carat diamonds. Area B + area D is the
 
  A) decrease in consumer surplus due to the import quota.
  B) importers' profit from the quota.
  C) gain in total surplus due to the import quota.
  D) deadweight loss from the import quota.
  E) increase in producer surplus due to the import quota.


kthug

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

Backward induction is the procedure of solving an extensive-form game by first considering the last mover's decision in order to deduce the decisions of all previous movers.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Four color theorem Four color theorem
this is a math question this is a math question
economic question economic question
economic question (having trouble) economic question (having trouble)
Economic question 5 Economic question 5
Question about Resultant of gravitational force? Question about Resultant of gravitational force?
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library