Author Question: Refer to Figure 11-7. If output is 100 units what is the fixed cost of production? A) 8 B) 800 ... (Read 132 times)

urbanoutfitters · **on:** Jun 29, 2018

Refer to Figure 11-7. If output is 100 units what is the fixed cost of production?

A) 8 B) 800
C) 1,000 D) This cannot be determined from the diagram.

Question 2

Refer to Table 14-4. What is the Nash equilibrium in this game?

A) Alistair increases its advertising budget, but Baine does not.
B) There is no Nash equilibrium.
C) Both Alistair and Baine increase their advertising budgets.
D) Baine increases its advertising budget, but Alistair does not.