In the game in Scenario 13.3, the equilibrium outcome:
A) is for Moto to offer a CD changer and Zport to offer low-profile tires.
B) is for Moto to offer a CD changer and Zport to offer a sun roof.
C) is for Moto to offer free maintenance and Zport to offer low-profile tires.
D) is for Moto to offer free maintenance and Zport to offer a sunroof.
E) does not exist in pure strategies.
A
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The increase in total revenue that results from the sale of one additional unit of output is known as
a. average revenue. b. total revenue. c. marginal revenue. d. variable revenue.
_____ the externality generated by education, individuals have a _____ incentive to obtain an education for themselves
a. Because of; strong b. Despite; strong c. Because of; weak d. Despite; weak
Between 1914 and 1920, the US price level ______________
a. fell dramatically. b. nearly doubled. c. rose and fell in accordance with intensity of the war. d. remained relatively stable.
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Figure 24.1Refer to Figure 24.1. Suppose that the consumption function is C = 400 + 0.5Yd and taxes are $200 billion, at equilibrium the value of autonomous consumption is
A. $400 billion. B. $300 billion. C. $200 billion. D. $100 billion.