In adopting mixed Nash equilibrium strategy, a player is attempting to
a. randomize his or her own behavior
b. make the opponent favor a course of action preferred by the first player
c. randomize the outcome of actions
d. make the opponent indifferent between one action and another
e. none of the above
d
You might also like to view...
According to Keynes, the impact of an increase in the money supply is
A. a lower interest rate and a smaller growth in real GDP. B. a higher interest rate and a smaller growth in real GDP. C. a higher interest rate and a larger growth in real GDP. D. a lower interest rate and a larger growth in real GDP.
If an individual borrows $100, and pays back $100 after a year to settle his loan, it implies that the rate of interest is:
A) 0 %. B) 100%. C) 1%. D) 10%.
When society must decrease the production of something in order to produce more of another good or service, society has necessarily achieved
A) only production efficiency. B) only allocative efficiency. C) both production efficiency and allocative efficiency. D) a free lunch. E) the maximum opportunity cost..
Refer to the above table. The marginal factor cost of labor is $200. To get the firm to hire 8 workers, the
A) firm must be able to reduce wages below the marginal factor cost. B) price of the good must be $8. C) eighth worker must be at least as productive as the seventh worker was. D) wage rate must be a fraction of the marginal factor cost of labor.