A game is called a simultaneous move game if ________
A) players choose their actions at the same time
B) one player chooses her action after the other player makes a move
C) players choose mixed strategies to play the game
D) players choose their dominant strategies to play the game
A
Economics
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Ted can study for his economics exam or go to a concert. He decides to study for his economics exam instead of going to the concert. The concert he will miss is Ted's ________ of studying for the exam
A) opportunity cost B) explicit cost C) implicit cost D) discretionary cost
Economics
On the diagram above, show the new steady-state capital-labor ratio that results from a decrease in the saving rate. Can you say what has happened to the equilibrium level of consumption per worker?
What will be an ideal response?
Economics