A merit good is just another name for a public good
Indicate whether the statement is true or false
F
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The above figure shows a payoff matrix for two firms, A and B, that must choose between selling basic computers or advanced computers. Which of the following is a Nash equilibrium?
A) Both firms make advanced computers. B) Both firms make basic computers. C) Firm A makes basic computers and firm B makes advanced computers. D) There are no Nash equilibria.
A "false positive" is
a. When you incorrectly conclude that your hypothesis is true b. When you incorrectly conclude that your hypothesis is false c. When you correctly conclude that your hypothesis is true d. When you correctly conclude that your hypothesis is false
Predictions of stock prices by stock market analysts
a. usually improve on simple extrapolation of past trends. b. are good in both the short term and in the long term. c. are poor since Wall Street does not pay enough to attract the best analysts. d. are poor because of randomness.
Based on the information shown in Exhibit 3, how much food can Calvin produce in one day using all of his resources?
a. 3-3/4 pounds
b. 3 pounds
c. 2-1/4 pounds
d. 3/4 pounds