Refer to Table 14-5. What is the Nash equilibrium in this game?
A) Both Ming and Henri offer free pickup and delivery.
B) There is no Nash equilibrium.
C) Henri offers free pickup and delivery, but Ming does not.
D) Ming offers free pickup and delivery, but Henri does not.
A
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Ignoring all other goods, if Yong's marginal utility per pound of bread is 10 utils and per pound of cheese is 30 utils, his
a. total utility would be maximized if the price per pound of cheese is triple the price per pound of bread b. total utility could be increased by buying more bread and less cheese c. total utility could be increased by buying more cheese and less bread d. total utility would be maximized if the price per pound of cheese is one-third the price per pound of bread e. marginal utility would be maximized if the price per pound of cheese is one-third the price per pound of bread
According to the graph shown, total surplus is area:
A. A + B + C.
B. B.
C. A.
D. A + B.