Author Question: Brown can brew 4 gallons of stout or 3 gallons of lager every three months, or any linear ... (Read 112 times)

ssal · **on:** Jun 29, 2018

Brown can brew 4 gallons of stout or 3 gallons of lager every three months, or any linear combination in between. Which statement is true?

A) Brown sacrifices 3/4 gallons of lager for every gallon of stout brewed.
B) Brown sacrifices 1 1/3 gallons of stout for every gallon of lager brewed.
C) Both of the above are true.
D) None of the above is true.

Question 2

Which of the following statements is true?

A) In any game, the best response of a player is also her dominant strategy.
B) The best response of a player is not always her dominant strategy.
C) A prisoners' dilemma game is an example of a zero-sum game.
D) A prisoners' dilemma game is an example of an extensive-form game.