ECON 8010 (Spring 2013) Exam 3
Name _
Multiple Choice Questions: (4 points each)
1.
2.
Nashs Existence Theorem states that
A.
an equilibrium exists in any game of incomplete information, but never exists in
any game of complete information.
B.
the only wa
ECON 8010 (Spring 2012) Exam 1
Name _
Multiple Choice Questions: (4 points each)
1.
Since August 2011, there has been a 5% decrease in price and a 8% increase in quantity
traded of Good X. Which of the following would have led to this observed change in
t
ECON 8010 (Spring 2012) Exam 2
Name _A. Key_
1.
_ is a market structure in which firms sell very similar products (i.e.,
only slight differentiation), but in which there are significant barriers to entry which
prevent most potential rivals from entering t
ECON 8010 (Spring 2013) Exam 1
Name _A. Key_
Multiple Choice Questions: (4 points each)
1.
Amy is considering purchasing a new basketball. Her reservation price as a buyer of this
item is rb 30 . Walmart is selling basketballs for p 19 . If Amy buys a bas
ECON 8010 (Spring 2013) Exam 1
Name _
Multiple Choice Questions: (4 points each)
1.
Amy is considering purchasing a new basketball. Her reservation price as a buyer of this
item is rb 30 . Walmart is selling basketballs for p 19 . If Amy buys a basketball
ECON 8010 (Spring 2013) Exam 2
Name _ A. Key _
Multiple Choice Questions: (4 points each)
1.
_ consists of analyzing a decision problem in more general terms,
in order to determine the degree to which the optimal choice is dependent upon changes
in probab
ECON 8010 (Spring 2012) Exam 3
Name _
Multiple Choice Questions: (4 points each)
1.
Which of the following is NOT one of the three basic elements of a game?
A.
Payoffs.
B.
Players.
C.
Strategies.
D.
None of the above answers is correct (since each choice
ECON 8010 (Spring 2013) Exam 3
Name _A. Key_
Multiple Choice Questions: (4 points each)
1.
2.
Nashs Existence Theorem states that
C.
every game with a finite number of players, each with a finite number of available
pure strategies, has at least one Nash
ECON 8010 (Spring 2012) Exam 3
Name _A. Key_
Multiple Choice Questions: (4 points each)
1.
Which of the following is NOT one of the three basic elements of a game?
D.
None of the above answers is correct (since each choice is one of the three basic
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