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Author Question: An rational, optimizing, self interested consumer would consume up to the point where a. the ... (Read 51 times)

jasdeep_brar

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on: Jul 1, 2018
An rational, optimizing, self interested consumer would consume up to the point where
 a. the consumer surplus from the last unit is positive
  b. the consumer surplus from the last unit is negative
  c. the consumer surplus from the last unit is zero
 d. none of the above

Question 2

What would be the Nash equilibrium of this simultaneous game?
 a. Boxing, boxing
  b. Ballet, ballet
 c. Boxing, ballet
 d. Both A&B


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Brenm

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


jasdeep_brar

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

blakcmamba

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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