Reaching a Nash equilibrium means that:
A. a stable outcome has been reached.
B. there is no stable outcome to the game.
C. the players will never reach a positive-positive outcome.
D. each player has achieved their highest payoff in the game.
A. a stable outcome has been reached.
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Use the following consumption schedule for an economy to answer the next question. All figures are in billions of dollars.RGDPConsumption$440$450490490540530590570640610If a government sector is introduced and a lump-sum tax of $30 billion is imposed at all levels of real GDP, then the values in the consumption column become
A. $426, $466, $506, $546, $586. B. $420, $460, $500, $540, $580. C. $432, $472, $512, $552, $592. D. $430, $470, $510, $550, $590.
A dividend is the
A. corporation’s periodic payments to bondholders. B. the monthly compensation to the corporation’s board of directors. C. a payment of some of the corporation’s profits to its stockholders. D. a payment made to banks and other sources of funding for the corporation.
Rising prices help control the process of resource depletion by
a. discouraging consumption and waste. b. stimulating more efficient use of the depletable resource. c. encouraging resource-saving innovation. d. doing all of the above.
Total fixed cost for a firm is €25. The variable cost to the firm to produce 1 unit is €10. The marginal cost of producing the first unit is:
(a) €10. (b) €15. (c) €25. (d) €35.