Marginal costs rise if there are increasing returns
Indicate whether the statement is true or false
False
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Displayed below is the payoff matrix of firm B for four different strategies, B1, B2, B3, and B4, and the potential retaliatory responses of firm A (A1, A2, A3, A4).Table 12-2 ? B1 B2 B3 B4 A1 100 50 25 200 A2 10 60 150 150 A3 50 75 200 75 A4 70 90 250 15 If firm B uses the maximin criterion, which strategy will it choose? ?
A. B1 B. B2 C. B3 D. B4
One of the strengths of monetary policy relative to fiscal policy is that monetary policy:
A. can be implemented more quickly. B. is subject to closer political scrutiny. C. does not produce a net export effect. D. entails a larger spending income multiplier effect on real GDP.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.
The quantity theory of money assumes the velocity of money is constant.
Answer the following statement true (T) or false (F)