The above table has the total product schedule for Joe's Barber Shop. Joe charges $6 per haircut. The firm's value of marginal product of labor for the third worker is equal to

The outcome of a prisoners' dilemma game with a Nash equilibrium is that ________

A) both players deny B) one player denies and one player confesses C) both players confess D) there is no equilibrium

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