In the Prisoners' Dilemma Game, Self-Interest Leads

question 69

Multiple Choice

In the prisoners' dilemma game, self-interest leads

• A)each prisoner to stay silent.
• B)to the follow-through of any agreement that the prisoners might have made before being questioned.
• C)to an outcome that is better for both prisoners.
• D)each prisoner to confess.

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Definitions:

Optimal Consumption Bundle

The combination of goods and services that maximizes a consumer's utility given their budget constraints.

Marginal Utility

The further benefit or pleasure derived by consuming an additional unit of a given good or service.

Weekly Income

The total amount of money earned or received by an individual or household over the course of a week.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget.