ECON 2100 Final: ECON 2100 Kennesaw State ECON2100 Fall2018 FinalExamB
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Misty attended the nirvana concert at the omni coliseum in atlanta on november 29, 1993. She paid for a ticket to this show. Her reservation price as a buyer of the ticket was . As a result, her consumer"s surplus from going to the concert was. For questions 5 and 6, consider the following scenario (illustrated by the simultaneous move game below). The two bands foo fighters (denoted ff) and giants in the trees (denoted gitt) are simultaneously deciding to have a new year"s eve concert in either seattle, wa or los angeles, ca. Their payoffs (reflecting profits, based upon ticket sales) are stated in the payoff matrix below. In this game, both foo fighters and giants in the trees have a dominant strategy. neither foo fighters nor giants in the trees has a dominant strategy. Foo fighters has a dominant strategy, but giants in the trees does not.
