While waiting in line to buy two tacos at 80 cents each and a medium drink for 90 cents, Kayla notices that the restaurant has a value meal containing three tacos and a medium drink all for $3 . For Kayla, the marginal cost of the third taco would be

Refer to Scenario 6.1. Suppose the friends are forced by government to combine their businesses and share what they make

With this revision to the scenario, if both Tasha and Gloria play their dominant strategies, Tasha's net payoff will be ________ and Gloria's net payoff will be ________. A) $15; $12 B) $15; $15 C) $30; $30 D) $12; $12

When a country opens up to free trade

A) winners and losers are created. B) comparative advantage dictates that the country focus on production of some goods and services at the expense of others. C) the gains outweigh the losses. D) All of the above.