In general, there is a ______________ relationship between the number of hours spent studying for a test and the grade earned on the test
A) independent
B) direct
C) inverse
D) smooth
B
Economics
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If both players in a game have a dominant strategy, then the game they are playing
A) has no Nash equilibrium. B) must have one Nash equilibrium. C) must have two Nash equilibria — one for each player. D) More information is needed to determine the number of Nash equilibria in the game.
Economics
Suppose a monopolist has TC = 100 + 10Q + 2Q2, and the demand curve it faces is p = 90 - 2Q. What will be the price, quantity, and profit for this firm?
What will be an ideal response?
Economics