A cooperative equilibrium results when firms
A) choose the best strategy regardless of what other players do.
B) choose the strategy that maximizes the total game payoff.
C) choose the strategy that minimizes the payoff to other players.
D) choose a strategy by random chance.
Answer: B
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The walls of the heart are made of:
A. cardiac muscle. B. contractile muscle. C. striated muscle. D. voluntary muscle.
What matters most in determining efficient distribution of production over the world is
A. absolute advantage. B. efficiency. C. the stock of resources. D. comparative advantage.
Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 
Figure 7.11
Refer to Figure 7.11. If the firm's cost of capital is $15 per unit and its cost of labor is $30 per unit, the isocost line represents a total cost of
A. $2,000. B. $3,000. C. $6,000. D. $8,000.
Amy spends $5,000 on remodeling a storefront that she then opens as a take-out deli. Business has not been very successful, and she needs an additional $1,000 to keep the deli open. Which of the following is true?
A. The $5,000 Amy spent on remodeling represents a part of the total variable cost of her business. B. The $1,000 Amy needs to keep the deli open represents her total fixed costs. C. The $1,000 represents her marginal costs of production. D. The $5,000 Amy spent is a fixed cost of her business.