Assignment Nine 4.25.08

Assignment Nine 4.25.08 - Assignment Nine. AGEC 505....

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Assignment Nine. AGEC 505. Agricultural Market Structures. Spring 2008. Due: 11:30 AM, Friday, April 25, 2008. Turn in TYPED hard copy before class. Assignments turned in after 11:30 AM will be marked 10 percent off. This late policy will be strictly enforced . Assignments turned in after the deadline will be marked 10 percent off each day that they are late (for example, an assignment due on Friday that is turned in on Monday will be marked 40 percent off). Exceptions will be granted in advance by the instructor. Assignments must be typed. Fifty percent off for untyped work. READ : Chapter 13 1. (5 pts) Game Theory Define and explain each of the following terms: (a) cooperative game (b) noncooperative game (c) equilibrium in dominant strategies (d) Nash equilibrium (e) maximin strategy 2. (10 pts) Food Safety Equipment: Warranties? Two firms in a market (Safety First and Safety Second) compete in the manufacture of food safety equipment. Each firm must decide if it will offer a warranty or not. The pay-offs of each
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Assignment Nine 4.25.08 - Assignment Nine. AGEC 505....

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