Refer to the data provided in Table 10.1 below to answer the following question(s).
Table 10.1 
Refer to Table 10.1. The maximum payment to labor per day that this profit-maximizing T-shirt manufacturer would be willing to pay to hire three workers per day is
A. $15.
B. $75.
C. $125.
D. $200.
Answer: C
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The rate of productivity growth is the primary determinant of an economy’s rate of _________ economic growth and higher wages.
a. long-term b. short-term c. immediate d. historic
In order to make an optimal choice we must use
a. percentage analysis. b. total analysis. c. average analysis. d. marginal analysis.
It is commonly argued that national defense is a public good. Nevertheless, the weapons used by the U.S. military are produced by private firms. We can conclude that
a. resources would be used more efficiently if the government produced the weapons. b. resources would be used more efficiently if private firms provided national defense. c. weapons are rival in consumption and excludable, but national defense is not rival in consumption and not excludable. d. national defense is rival in consumption and excludable, but weapons are not rival in consumption and not excludable.
A dominant strategy is a
A) last-mover strategy. B) negative-sum strategy. C) player's best strategy when she can make the first move. D) player's best strategy regardless whatever strategies are adopted by the rivals.