Are there any choices? (multiple choice, word bank, etc.)
Answer:
b.(1/2, 1/2)
Explanation:
If one vendor is located at “1/2” then the best possible respond of the other vendor is “1/2”, both of them of capture the equal share of the market.
Therefore, Nash equilibrium is (1/2 , 1/2).
Answer:
$60,000
Explanation:
Based on the information given that we were told that she has automobile insurance coverage of 25/60/10 which therefore means that the MAXIMUM AMOUNT that the insurance company will pay is the amount of $25,000 per each individual which will as well include the maximum amount of $60,000 per accident for all the individual..
Therefore The amount of the judgment that the insurance cover is $60,000
expansionary policy is used when a central bank uses it's tools to stimulate economy. that increases the money supply and lowers interest rates
