Refer to Figure 3.2. Betty's dominant strategy is
A) North.
B) West.
C) East.
D) Betty has no dominant strategy.
D
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The purpose of an effluent fee imposed on a firm is
A) to increase output of its product by increasing the resources allocated to production. B) to increase output of its product by reducing the resources allocated to production. C) to reduce output by increasing production costs thereby reducing resources used. D) none of the above
Which of the following would increase the supply of childcare services?
a. An increase number of childcare facilities b. An increase in the cost of certification for workers in this field c. An increase in the price of childcare d. none of the above
Show the effects of a change in the nominal interest rate and a change in real GDP using the demand for money curve
What will be an ideal response?
Which of the following is generally true of a monopolistic competitor operating in the long run?
a. price greater than minimum average total cost b. price equal to marginal revenue c. price equal to marginal cost d. positive economic profits