1. In a Nash equilibrium, everyone must be playing a dominant strategy.

2. Consider the following production function with three inputs: Q=Aa^(1/8)b^(1/2)c^(d)where A is a constant. In order for this production function to be constant returns to scale, d must be 3/8 and A must be 1.

Are these statements true or false? Please show the steps, thank you!