Refer to the accompanying table below. The average benefit of 4 units of activity is:Units of ActivityTotal CostTotal Benefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. $9
B. $4
C. $5
D. $10
Answer: A
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Consider a game in which a player has a dominant strategy.
(i) If the game is played sequentially and the player moves first, will he necessarily choose his dominant strategy? Explain. (ii) If the game is played sequentially and the player moves second, will he necessarily choose his dominant strategy? Explain.
Which of the following is classified as an asset for a commercial bank customer?
A) A car loan B) A commercial loan C) Demand deposits D) Deposits with the Federal Reserve
According to the graph shown, the amount bought by domestic consumers when there is open trade for this good is:
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
A. 1500.
B. 1150
C. 500.
D. 250.
According to economic theory, under perfect competition, the price of a depletable resource whose costs of transportation and extraction are negligible
a. is a poor indicator of scarcity. b. must rise at the rate of interest. c. will be unable to change to avert running out of it. d. is too erratic to allow markets to respond to shortages.