Refer to Scenario 2. The marginal cost of the sixth unit of output is:
A) $1.33.
B) $7.50.
C) $8.00.
D) $45.00.
C
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Refer to the figure below. If Cory chooses A, then Jess's best response is: 
A. to choose A. B. to choose the cell in which Jess's payoff is 10. C. non-existent. D. to choose B.
A strategy which is universally best, regardless of the strategy chosen by others, is called a
A) Nash strategy. B) dominant strategy. C) mutually interdependent strategy. D) zero-sum strategy.
Jim recently graduated from college. His income increased tremendously from earning $500 . a year to $60,00 . a year. Jim decided that instead of renting he will buy a house. This implies that
a. Houses are normal goods for Jim b. Houses are inferior goods for Jim c. Renting and Owning are complementary for Jim d. Need information on the price of houses
If the economy is in an inflationary gap, which of the following is the least appropriate policy mix?
a. a budget surplus and expansionary monetary policy b. a budget deficit and expansionary monetary policy c. a budget deficit and contractionary monetary policy d. a budget surplus and contractionary monetary policy