Author Question: In the labor negotiation game: a. Neither party prefers bargaining hard b. Neither party prefers ... (Read 127 times)

craiczarry · **on:** Jul 1, 2018

In the labor negotiation game:
a. Neither party prefers bargaining hard
b. Neither party prefers accommodating the other
c. Both parties bargain hard in the Nash equilibrium
d. Neither party knows what the equilibrium will be.

Question 2

For a fixed proportion production function, at the vertex of any of the (L-shaped) isoquants the marginal productivity of either input is:
a. constant.
b. zero.
c. negative.
d. a value that cannot be determined.