All the decisions made by people who operate firms have one overriding objective, which is to ________
A) make maximum attainable profit
B) maximize the firm's total revenue
C) maximize the firm's market share
D) maximize the quantity that the firm sells
A
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Tracy and Amy are playing a game in which Tracy has the first move at X in the decision tree shown below. Once Tracy has chosen either the top or bottom branch at X, Amy, who can see what Tracy has chosen, must choose the top or bottom branch at Y or Z. Both players know the payoffs at the end of each branch. 
In the equilibrium this game, Tracy chooses the ________ branch, and then Amy chooses the ________ branch.
A. top; bottom B. bottom; top C. bottom; bottom D. top; top
The federal government can fund financially strained programs by
(a) Decreasing taxes (b) Increasing funding across all programs (c) Destroying money (d) Issuing U.S. Treasury bonds
A picture frame company operates in a monopolistically competitive market. Its short-run equilibrium price is $80 and its ATC is $65 . It sells 100 picture frames a week. From this we can tell:
a. this firm is making a normal profit. b. other picture frame companies will want to exit the market. c. there are no other picture frame companies in the area. d. economic profits are $1,500. e. total profits are being maximized.
Special-interest programs are highly attractive to vote-seeking politicians because
What will be an ideal response?