A consumer's reservation price is the A) amount she will pay ...

[Caiter2013]

A consumer's reservation price is the
 
  A) amount she will pay for a hotel or airline reservation.
  B) minimum amount she will pay for a good or service.
  C) price that maximizes her surplus.
  D) maximum amount she will pay for a good or service.

Question 2

Mutually Assured Destruction was a standing policy during the Cold War, in which the United States and the USSR maintained and expanded nuclear arsenals beyond practical levels. What could explain such a phenomenon?
 
  A) insane public officials who were bent on world domination
  B) a prisoner's dilemma
  C) a leader-follower type game
  D) tacit collusion

[cadimas]

Answer to Question 1

D

Answer to Question 2

B

[Caiter2013]

Thanks for the timely response, appreciate it

[amandalm]

Wow, this really help