Hi I need help solving this weird supposed "quiz" our lecturer gave us today in class. The class is an introduction to economics for 1st year students. It is based on "backward induction" method related to an oligopoly etc. Below is the question (The whole thing):
Economics101
BONUS 2% MARKS FOR SURPRISE LECTURE QUIZ
announced Thursday 13th May 2010
I am introducing an additional Surprise Quiz which will be held in one of the lectures between today and the end of semester.
The Quiz Question will require you to apply the method of Backward Induction which I introduced in the context of solving the oligopoly entry deterrence game.
It will be a Surprise in that you will not have been able to anticipate which day the Quiz is being held. The question will be posted on the class webpage on the same day.
No-one can lose marks – if you get the answer right you earn a 2% bonus to be added to your final course mark.
QUESTION:
A) On which day does the Surprise Quiz take place? and
B) What is the Question in the Surprise Quiz?
Please send your answer to [Lecturer's Email] with Surprise Quiz in the Subject line by 2pm on Monday 17th May.
Hint: if there has been no Surprise Quiz before the final lecture, can it be held on the last day?
Economics101
BONUS 2% MARKS FOR SURPRISE LECTURE QUIZ
announced Thursday 13th May 2010
I am introducing an additional Surprise Quiz which will be held in one of the lectures between today and the end of semester.
The Quiz Question will require you to apply the method of Backward Induction which I introduced in the context of solving the oligopoly entry deterrence game.
It will be a Surprise in that you will not have been able to anticipate which day the Quiz is being held. The question will be posted on the class webpage on the same day.
No-one can lose marks – if you get the answer right you earn a 2% bonus to be added to your final course mark.
QUESTION:
A) On which day does the Surprise Quiz take place? and
B) What is the Question in the Surprise Quiz?
Please send your answer to [Lecturer's Email] with Surprise Quiz in the Subject line by 2pm on Monday 17th May.
Hint: if there has been no Surprise Quiz before the final lecture, can it be held on the last day?