Calculate the markup price if MC = $10.00 and price elasticity equals 1.7.
A. $5.88
B. $24.27
C. $17.24
D. $32.42
Answer: B
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An increase in the inflation rate shifts the labor
A) supply curve to the right. B) supply curve to the left. C) demand curve to the right. D) demand curve to the left.
Efficient production can be carried out anywhere on or below the production possibilities frontier
a. True b. False Indicate whether the statement is true or false
Explain how a decrease in the demand for capital goods in the U.S. can lead to a change in the U.S. exchange rate
Suppose Firm A and Firm B are considering whether to invest in a new production technology. For each firm, the payoff to investing (given in thousands of dollars per day) depends upon whether the other firm invests, as shown in the payoff matrix below. 
What is the Nash equilibrium of this game?
A. Firm A invests, and Firm B doesn't invest. B. Firm A invests, and Firm B invests. C. Firm A doesn't invest, and Firm B doesn't invest. D. Firm A doesn't invest, and Firm B invests.