Explain clearly

Q.4. A. Explain dominant Strategy. How is stable equilibrium reached when a firm pursues the dominant strategy? [5 Marks] CO 3 B. Derive the supply curve of labour using indifference curves between income and leisure. Why does supply curve of labour generally slope upward? When is the supply curve of labour effort backward bending? Explain. (2.5 + 2.5 = 5 Marks] CO 2