Refer to the payoff matrix below. In reference to the Nash equilibrium/equilibria in this game, which of the following is true?
Cruise R Us and Cruise the World compete in the cruise line industry. Each firm needs to determine if they are going to offer special cruise packages with special rates or not offer the specials. The above payoff matrix shows the firms' net economic profit for each set of strategies.
A) There are two Nash equilibria in this game.
B) There is one Nash equilibrium in this game.
C) There are three Nash equilibria in this game.
D) There are no Nash equilibria in this game.
D) There are no Nash equilibria in this game.
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State whether the following statement is true or false AND explain why: "A decrease in the discount rate will always cause a decrease in the federal reserve funds rate."
Indicate whether the statement is true or false
The expenditure multiplier only considers the impact of consumption changes on aggregate expenditures
a. True b. False Indicate whether the statement is true or false
If the interest rate were 10 percent, the net present value of $100 to be received one year from now would be
a. $90. b. $90.91. c. $100. d. $110.
If a bond's purchase price equals the face value the:
A. current yield equals the yield to maturity, which exceeds the coupon rate. B. coupon rate equals the yield to maturity, which equals the current yield. C. coupon rate equals the current yield, which is less than the yield to maturity. D. coupon rate does not equal the current yield, which does not equal the yield to maturity.