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
B
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Answer the following statement(s) true (T) or false (F)
1. When both players have dominant strategies, there is one and only one Nash equilibrium. 2. In any game situation, at least one player always has a dominant strategy. 3. An outcome is a Nash equilibrium if and only if both players agree that the outcome is desirable. 4. The main problem in the Prisoners' Dilemma is that the players involved fail to agree on an outcome that would be mutually beneficial.
What is the "chicken tax" and why did it come into existence?
What will be an ideal response?
As output increases, economies of scale occur when the
A) long-run average cost increases. B) long-run average cost decreases. C) short-run average total cost decreases. D) long-run average cost stays constant. E) long-run fixed cost decreases.
Refer to Table 12-1. If the market price of each camera case is $8 and the firm maximizes profit, what is the amount of the firm's profit or loss?
A) $0 (it breaks even) B) loss of $1,000 C) profit of $440 D) loss of $440