Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:Who provided an eloquent model for the efficiency of financial markets?
Select one:
a. Nash
b. von-Neumann
c. Morgenstern
d. Keynes
e. Fama
Who helped resolve the Labor Theory of Value by noting that decisions are made "on the margin"?
Select one:
a. Cournot
b. Einstein
c. Ricardo
d. Hotelling
e. Wicksell

Transcribed Image Text:Who first established the basic principles of game theory?
Select one:
a. Nash
b. Bernoulli
с. Кеynes
d. Savage
e. von Neumann
Who developed a duopoly model to show how two firms compete in the price of a good they supply?
Select one:
a. Cournot
b. Keynes
c. Bertrand
d. Robinson
e. Chamberlain
What pair provided the most complete formula for options pricing?
Select one:
a. von-Neumann-Morgenstern
b. Black-Scholes
c. Fischer Black
d. Cournot-Nash
e. Modigliani-Miller
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