Author Question: In the labor negotiation game: a. The payoffs from bargaining hard are only higher if your opponent ... (Read 67 times)

Awilson837 · **on:** Jul 1, 2018

In the labor negotiation game:
a. The payoffs from bargaining hard are only higher if your opponent accommodates
b. The payoffs from bargaining hard are only higher if your opponent bargains hard
c. The payoffs are always higher if you bargain hard
d. The payoffs are always higher if your opponent bargains hard

Question 2

A firm's economic profits are given by:
a. total revenue minus total accounting cost.
b. the owner's opportunity cost.
c. total revenue minus total economic cost.
d. total revenue minus the cost of capital.