04 Jun Question Week 3 Discussion 1
Question
Week 3 Discussion 1
Discussion 1: “Game Theory.” Please respond to the following:
Give two (2) examples not provided in the textbook of how the Prisoner’s Dilemma is linked to game theory.
Discuss why each player was concerned about the other player in your examples.
Week 3 Discussion 2
Discussion 2: “The Production Function.” Please respond to the following:
Describe how capital and labor affect the production function for both a toy manufacturer and a retailer during the Christmas retail season.
An owner of a local movie theater is having difficulty maximizing labor. Sometimes there are too many employees on duty and sometimes there are not enough employees working. Discuss how you would advise the owner using the production function.
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