Game Theory Was Developed in the 1940s by John Von

question 28

Multiple Choice

Game theory was developed in the 1940s by John von Neuman, a mathematician, and an economist named

• A) John Nash.
• B) John Maynard Keynes.
• C) Oskar Morgenstern.
• D) Milton Friedman.

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Definitions:

Monthly Profit

The net amount of money gained by a business during a one-month period after all expenses have been paid.

Binding Constraint

A constraint in an optimization problem that directly limits the ability to achieve an optimal solution, where any relaxation of the constraint would improve the outcome.

Slack

The amount of time a project task can be delayed without causing a delay to subsequent tasks or the overall project deadline.

Zero

The integer that precedes the positive one and follows the negative one; it is neither negative nor positive.