Refer to Figure e. Brandon and Allie want to go on a date one summer evening. Allie is a Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against each other. Each would rather watch their favorite team, but neither can force the other to watch a particular game, and each is willing to suffer through the other's game if it means time together. What is the Nash equilibrium?
A. Allie watches the Red Sox, and Brandon watches the Mets.
B. Allie and Brandon both watch the Red Sox.
C. Allie and Brandon both watch the Mets.
D. Allie and Brandon both watch the Red Sox or Allie and Brandon both watch the Mets.
D. Allie and Brandon both watch the Red Sox or Allie and Brandon both watch the Mets.
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A. total revenue minus the sum of explicit and implicit costs. B. accounting profit plus implicit costs. C. total revenue minus accounting profit. D. accounting profit minus explicit costs.
To avoid wage compression,
A) employees probably need to change companies. B) employees need to speak to their supervisors. C) employees need to sign a deferred compensation contract. D) managers need to pay above the minimum wage.
Keynesian policies focus on _____while neoclassical policies focus on __________.
a. long-run potential GDP; actual GDP b. aggregate supply; aggregate demand c. aggregate demand; aggregate supply d. actual GDP; long-run potential GDP
The U.S. government sets a minimum wage, which is a:
a. price floor. b. price ceiling. c. point of equilibrium. d. recommended level.