Solution:
Given :
Location game with 9 possible 
and other than the players who are moving simultaneously and also independently, but they move in a sequential manner.
Vendor 1 selects a location.
After observing decision of vendor 1, vendor 2 chooses where to locate.
Using backward induction the game is solved as below :
-- 
will be a Nash equilibrium.
-- Presently 
(vendor 1) picks first then he will likewise get the chance to pick last as this another move amusement.
-- In the end of the game, vendor 1 will have claimed five regions and candidate 2 (vendor 2) will have claimed four regions.
-- So vendor 2 will keep this in mind and apply backward induction and choose the best regions early on the game.
-- Vendor 2 will keep in mind that vendor 1 will choose last and will ensure that his choices take up the best locations first.
--- This will be his ideal technique for each activity of vendor 1.
Hence this is the Nash equilibrium.
Black, so A. you look slimer and B. they are very practical.
Answer:
The correct answer is option c.
Explanation:
With an increase in the taxes the equilibrium income will decline by the amount of tax multiplier into the change in tax rates.
The tax multiplier is a measure to show the change in aggregate production due to change in tax rates.
It is calculated by the ratio of marginal propensity to consume and marginal propensity to save or 1-MPS.
The correct answer is journalist questions. Journalist
questions are questions that are being given by which it used the 5 W’s and H
that the questions are associated to by which reporters ask to lead the paragraph
of the story being made.
