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ECC2000 - ECC5900 - Microeconomics - S2 2026
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Suppose that Anna gives Bob 3.5 bananas in exchange for an apple.
Suppose that Anna gives Bob 5 bananas in exchange for an apple.
In the SPE outcome, what is the maximum amount of gold coins that Pirate 2 can get? Fill in the closest integer without comma or unit.
In the SPE outcome, what is the maximum amount of gold coins that Pirate 3 can get? Fill in the closest integer without comma or unit.
In the SPE outcome, what is the maximum amount of gold coins that Pirate 1 can get? Fill in the closest integer without comma or unit.
In the SPE outcome, what is the maximum amount of gold coins that Captain Hook can get? Fill in the closest integer without comma or unit.
What is each firm's equilibrium output and prot if they behave noncooperatively and move simultaneously? The equilibrium output and profit are
Now suppose Firm 1 is the Stackelberg leader (i.e., makes its output decisions before Firm 2). What is each firm's equilibrium output and profit? The equilibrium output and profit are
What is/are the Nash Equilibrium/Equilibria if choices are made simultaneously? The Nash Equilibrium/Equilibria is/are
What is the SPE outcome if player 2 chooses first? The SPE outcome is