What is the counter-intuitive solution to a mixed strategy?
A) Player A makes Player B indifferent between its strategy choices.
B) Player A makes itself indifferent between its strategy choices.
C) Player A changes the rules of the game.
D) There are no mixed strategies in most games.
A
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If real GDP equals aggregate planned expenditure, then inventories
A) fall below their target levels. B) rise above their target levels. C) equal their target levels. D) are either above or below their target levels depending on whether planned inventories are above or below their target levels. E) None of the above answers is necessarily correct because there is no relationship between inventories and aggregate planned expenditure.
Randolph is taking three courses this semester: economics, statistics, and finance. He has decided to spend 20 hours per week studying (in addition to attending all his classes) and his objective is to maximize his average grade, which means maximizing the total of his grades in the three courses. The table shows Randolph's estimate of the relation between time spend studying and his grade for each course. Based on the above info, how should Randolph allocate his time?
A. 7 hours economics, 6 hours statistics, 5 hours finance B. 7 hours economics, 7 hours statistics, 6 hours finance C. 6 hours economics, 5 hours statistics, 7 hours finance D. 6 hours economics, 6 hours statistics, 8 hours finance