Suppose That in the Hawk-Dove , the Payoff to Each

question 21

Multiple Choice

Suppose that in the Hawk-Dove , the payoff to each player is -7 if both play Hawk.If both play Dove, the payoff to each player is 4, and if one plays Hawk and the other plays Dove, the one that plays Hawk gets a payoff of 7 and the one that plays Dove gets 0.In equilibrium, we would expect hawks and doves to do equally well.This happens when the proportion of the total population that plays Hawk is

• A).08.
• B).30.
• C).65.
• D).15.
• E)1.

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Definitions:

Land Market

The land market refers to the supply and demand dynamics of land for various uses, influencing prices and availability within an economy.

Marginal Productivity

The additional output derived from the use of one more unit of a factor of production, holding all other factors constant.

Productive Farmland

Land that is capable of producing a high yield of crops due to its fertility, favorable climate, or efficient management.

Diminishing Returns

The principle that as an increasing amount of one factor of production is employed, holding all other factors constant, the additional output generated will eventually decrease.