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Author Question: An rational, optimizing, self interested consumer would consume up to the point where a. the ... (Read 53 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
YES! Correct, THANKS for helping me on my review

mochi09

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Reply 3 on: Yesterday
Wow, this really help

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