Refer to the figure below. In this game, how many dominant strategies does Player A have?
A. 0
B. 4
C. 2
D. 1
Answer: D
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When the movie Jurassic Park debuted in Westwood, California, the price of tickets was $7.50. After several months the ticket price had fallen to $4.00. This is an example of
A) peak-load pricing. B) second-degree price discrimination. C) a two-part tariff. D) tying. E) none of the above
When the Act of 1873 was passed, silver was worth _________ in the market than at the mint; however, subsequent __________ in the supply of silver led to public outcry over the "demonetization" of silver under the Act. a.less; decreases b.less; increases c.more; decreases d.more; increases
Fill in the blank(s) with correct word
A profit-maximizing restaurant owner will hire more busboys to keep more tables clean and quickly available to new customers, as long as the
a. marginal product of busboys exceeds the marginal product of other employees. b. hourly wage of busboys is lower than that of cashiers and cooks. c. marginal revenue product of busboys exceeds their wage rate. d. wage of busboys exceeds the wage of other employees.
Suppose the economy is experiencing a recessionary gap at the current level of GDP. Which of the following fiscal policy actions would be most appropriate given this gap?
A. decreasing taxes B. increasing interest rates C. a simultaneous and equal increase in taxes and increase in government spending D. inreasing the money supply