If player B destroys his own brakes before the race, and player A sees that , what would the new Nash equilibrium be in this case?
a. Player A stops, Player B does not
b. Player B stops, Player A does not
c. Both players stop
d. Neither players stop
a
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At the point at which planned real consumption spending is equal to real disposable income
A) the consumption function is above the 45-degree line. B) the consumption function intersects the savings function. C) the consumption function intersects the 45-degree line. D) the consumption function is below the 45-degree line.
How would you contrast the interactions within a small family to those in the market place? In what way could you argue that the ways in which interactions are governed in the family can never work in a larger market setting -- just as the ways in which interactions are structured in market settings can never work well in families?
What will be an ideal response?
Refer to Table 15-1. When producing the profit-maximizing output, what is the amount of the firm's profit?
A) $335 B) $350 C) $880 D) $910
The firm's short-run supply curve begins at an output of
A. 0.
B. 40.
C. 45.
D. 50.