Refer to the data. The average total cost of producing 3 units of output is:
A. $14.
B. $12.
C. $13.50.
D. $16.
D. $16.
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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. 
Suppose a timing element is added to the game, and that Jordan buys a ticket first. Then, after seeing Jordan's choice, Lee buys a ticket. What will be the equilibrium outcome?
A. Both Jordan and Lee will buy a ticket to the documentary. B. Both Jordan and Lee will buy a ticket to the comedy. C. Jordan will buy a ticket to the documentary and Lee will buy a ticket to the comedy. D. Jordan will buy a ticket to the comedy and Lee will buy a ticket to the documentary.
According to the equation of exchange, how can national income grow even though the amount of money does not?
A) price level increases B) real GDP decrease C) velocity increases D) velocity decreases
In a mixed strategy situation, like the "heads or tails" game, the players can maximize their income by randomly choosing head or tail each with a probability of:
a. 0.25 b. 0.5 c. 0.75 d. 1.0
Which of the following examples accurately reflects the supply curve for capital?
a. As the rental prices of stores increased, the shopping mall owners built an additional wing to add more units to lease. b. As the rental prices of stores increased, the owners of the shopping mall were satisfied with the money coming in. c. Although commercial real estate prices in the area were increasing, owners of the shopping plaza demolished one wing of their mall. d. As commercial rental prices decreased, the shopping mall owners built another building to rent more units and reduce their losses.