Suppose you go to a wedding reception that has free drinks. What is likely to be the marginal utility of the last drink you had?

Refer to Figure 8.1. If each player cooperated with one another, each player would find themselves ________ better off than they are by playing their dominant strategies

A) $0 B) $280 C) $490 D) $560

When a tariff is imposed, the demand curve for the domestic good

A) shifts downward and to the right. B) shifts upward and to the left. C) shifts upward and to the right. D) shifts downward and to the left.