Janet and Marty are dating. The couple would prefer to spend time with each other over being alone, but each person has a different preference on what they would rather do together. Janet would prefer to see a movie with Marty, but Marty prefers going bowling with Janet. The payoffs for Janet and Marty are the following: - If Janet and Marty both see a movie, Janet's payoff is 2 and Marty's payoff is 1.
- If Janet and Marty both go bowling, Janet's payoff is 1 and Marty's payoff is 2.
- If Janet does either activity while Marty does the other, both Janet and Marty receive a payoff of 0.
Identify any Nash equilibria that exist.
a. (Janet goes bowling, Marty goes bowling).
b. (Janet sees a movie, Marty goes bowling).
c. (Janet goes bowling, Marty sees a movie).
d. (Janet sees a movie, Marty sees a movie).

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.