In terms of exposing others to risk, explain if there is a difference between you choosing to text while driving
and a company selling tablet computers where the batteries have been known to explode when the tablet is left on for a long period of time.
In each case, the party exposing others to risk is doing so for their own gain - you for convenience and the tablet manufacturer for profit. If benefits exceed costs in both cases, there is no fundamental difference. If costs exceed benefits in one case and not the other, there is a difference.
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Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. 
Which of the following statements is true?
A. Jordan does not have a dominant strategy. B. For Jordan, seeing a comedy is a dominant strategy. C. Jordan's dominant strategy depends on Lee's choice. D. For Jordan, seeing a documentary is a dominant strategy.
Nominal GDP is another term for
A. current dollar GDP. B. constant dollar GDP. C. adjusted dollar GDP. D. relative value GDP.
Which of the following is a main source of increasing returns in recent years?
A. More learning by doing B. The concentration of development costs C. The use of less specialized inputs as firms grow D. More resources devoted to agricultural production
A company finds that at its present level of production, MC = AVC at $15, MC = ATC at $20, and MC = MR at $17. Your advice to the firm regarding its short-run operations is
A) to continue production, as it is earning an economic profit of $2 per unit. B) to continue production, as it is earning an economic profit of $3 per unit. C) to shut down. D) to continue production at a loss.