This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.The game in the figure shown is a version of:
A. a repeated game.
B. a sequential game.
C. the prisoner's dilemma.
D. the first-mover advantage.
Answer: C
Economics
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Which of the following shifts the ATC curve upward at the XYZ Co?
A) an increase in the hourly wage that XYZ pays its workers B) a decrease in the hourly wage that XYZ pays its workers C) an increase in the fixed amount of liability insurance premiums that XYZ pays for its business D) Both answers A and C are correct.
Economics
The reduction in the U.S. government deficit in the early 1990s was the result of strong economic growth
a. True b. False Indicate whether the statement is true or false
Economics