Resources are efficiently allocated when production occurs at that output at which:
A. P equals MR
B. P equals AVC
C. P exceeds MR
D. P equals MC
D. P equals MC
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The prisoners' dilemma is
A) an example of a duopoly game. B) a theory about why firms break the law. C) competition that can occur among firms in monopolistic competition. D) an example of the monopolist charging high prices. E) an example of a game that does not have a Nash equilibrium.
The U.S. Bureau of Labor Statistics forecasts that ________ fastest-growing occupations over the next 10 years will be in health care
A) less than 2 of the 10 B) 13 of the 20 C) just under half of the D) over 95 percent of the
As a result of a decline in interest rates and a rise in household income, the demand curve for housing has shifted to the right, but has retained the same slope. Consequently, the elasticity of demand for housing
A. has declined. B. has increased. C. has remained unchanged. D. cannot be compared.
Why is it useful to make a distinction between debt and equity instruments?
What will be an ideal response?