Megabucks and CashCow are the only two firms in a market. Each firm must decide whether to price high or price low. The payoffs from each strategy combination are shown to the right long dash in millions of dollars
The frist number in each pair is Megabucks' profit; the second is CashCow's profit.
If the firms cooperate, the strategy that Megabucks will choose is __________, and the strategy that CashCow will choose is __________.
If the firms behave opportunistically, the strategy that Megabucks will choose is __________, and the strategy that CashCow will choose is __________.
(price high, price low) (price high, price low)
(price high, price low) (price high, price low)
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Refer to the scenario above. What will be the capital stock in the economy in the current year, if the capital stock in the last year was worth $600?
A) $1200 B) $1040 C) $900 D) $1000
Katie had a before-tax income of $40,000 and paid taxes of $6,000 . Rinji had a before-tax income of $35,000 and paid taxes of $5,250 . Based on this information, the tax system is
a. There is insufficient information to answer the question. b. progressive c. based on the benefits received d. regressive e. proportional
Suppose that the market labor supply and labor demand equations are given by Qs = 5W and Qd = 30 - 5W. If a minimum wage is set at $4.00 (W = 4), then:
A. 15 workers will be supplied and demanded. B. 10 workers will be supplied, but 20 workers will be demanded. C. 20 workers will be supplied, but only 10 workers will be demanded. D. 20 workers will be supplied and demanded.