This topic contains a solution. Click here to go to the answer

Author Question: In the strategic view of bargaining: a. Bargaining is described by an explicit game b. Insights ... (Read 60 times)

jake

  • Hero Member
  • *****
  • Posts: 538
In the strategic view of bargaining:
 a. Bargaining is described by an explicit game
  b. Insights are drawn from how many similar games are played without specifying the strategies
  c. We use the fact that bargaining often results in a fifty-fifty split
  d. It is important to limit your opponent's disagreement value

Question 2

The marginal rate of technical substitution (RTS) of labor for capital measures:
 a. the amount by which capital input can be reduced while holding quantity produced constant when one more unit of labor is used.
  b. the amount by which labor input can be reduced while holding quantity produced constant when one more unit of capital is used.
  c. the ratio of total labor to total capital.
  d. the ratio of total capital to total labor.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

a

Answer to Question 2

a




jake

  • Member
  • Posts: 538
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

For a complete list of videos, visit our video library