In the table above, which case has the lowest relative price for a hamburger?
A) case A
B) case B
C) case C
D) All three cases have an equal relative price for a hamburger.
A
Economics
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In a simultaneous game where both players prefer doing the opposite of what the opponent does, a Nash equilibrium does not exist
Indicate whether the statement is true or false
Economics
Which of the following is false? a. If a choice is rational for an individual, people would all agree that it was wise
b. Rational choices can be wrong. c. When circumstances or expectations change, what is rational for an individual could change. d. None of the above are false; all are true.
Economics