In the above figure, point A is ________, and point B is ________
A) attainable, attainable
B) attainable, unattainable
C) unattainable, attainable
D) unattainable, unattainable
A
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As capital deepening occurs, there will be
A) decreases in depreciation and decreases in saving. B) increased real wages and economic growth. C) decreased real wages and decreases in saving. D) economic growth and decreases in depreciation.
Refer to the payoff matrix below. In reference to the Nash equilibrium/equilibria in this game, which of the following is true?
Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.
A) Best Treats Do Not Introduce and Healthy Snacks Do Not Introduce is a Nash equilibrium.
B) Best Treats Introduce and Healthy Snacks Introduce is a Nash equilibrium.
C) There are no Nash equilibria in this game.
D) Best Treats Introduce and Healthy Snacks Do Not Introduce is a Nash equilibrium.
Profit-sharing contracts are designed to
A) mitigate the moral hazard problem. B) be fair with the workers. C) be used in situations in which shirking is not possible. D) All of the above.
A monopolist who has a ________ and perfectly price discriminates appropriates all consumer surplus as profit.
A. horizontal ATC schedule B. vertical ATC schedule C. demand curve which is the same as its MR curve D. downward-sloping MR curve