John Nash, the mathematician responsible for the Nash equilibrium, also proved that any reasonable bargaining outcome would

a. Split the gains from trade
b. Allocate the gains from trade to the seller
c. Allocate the gains from trade to the buyer
d. All of the above

a

Economics

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What does the quantity theory of money imply? If the growth rate of money supply and growth rate of real GDP in an economy are 8% and 6%, respectively, then what is the inflation rate in the economy?

What will be an ideal response?

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A student athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise

A) is the benefit she gets from all the hours she's worked out all week. B) is the benefit she receives from exercising the additional hour. C) is less than the marginal cost of the additional hour. D) depends on the cost of the workout.

Economics