Refer to Scenario 12.2. In this game, if the players successfully coordinate and Jerome ends up playing his weak strategy, then
A) Eliza will donate a kidney and Jerome will not donate.
B) both Eliza and Jerome will donate a kidney.
C) Jerome will donate a kidney and Eliza will not donate.
D) neither Eliza nor Jerome will donate a kidney.
C
Economics
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The opportunity cost of an economic action is
a. the value of the next best alternative that must be sacrificed b. an issue in normative economic theory c. the expense for the resources used plus the firm's profit d. the out-of-pocket cost e. the option to pay a reduced fee for the action
Economics
Actual investment is $62 billion at an equilibrium output level of $620 billion in a private closed economy. The average propensity to save at this level of output is:
A. 0.10. B. 10.0. C. 0.62. D. 0.84.
Economics