The prisoner's dilemma is a game of strategy:
A. in which people make rational choices that lead to a less-than-ideal result for all.
B. in which people make rational choices that lead to the ideal result for all.
C. that leads everyone to be as well off as possible without making another worse off.
D. that leads people to make irrational choices that lead to the ideal result for all.
A. in which people make rational choices that lead to a less-than-ideal result for all.
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Refer to Table 9-5. Select the statement that accurately interprets the data in the table
A) Madison has a greater opportunity cost than Austin for making tacos. B) Austin's opportunity cost for making tacos and making empanadas are both greater than Madison's. C) Austin has a greater opportunity cost than Madison for making empanadas. D) Madison's opportunity cost for making tacos is less than Austin's.
For S&Ls in the early 1980s the __________ cost of short-term deposits turned their net interest margin __________
A) increasing; positive B) increasing; negative C) decreasing; positive D) decreasing; negative
What are three reasons that banks charge interest on loans?
What will be an ideal response?
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 12 units of output, what is estimated total cost (TC)?
A. $4,428 B. $2,348 C. $1,000 D. $1,463