A manager maximizes profit when they find a level of output where marginal revenue and marginal cost are equal

If both players in a game have a dominant strategy, then the game they are playing

A) has no Nash equilibrium. B) must have one Nash equilibrium. C) must have two Nash equilibria — one for each player. D) More information is needed to determine the number of Nash equilibria in the game.

In international exchange markets, a rise in interest rates in the United States will cause the demand for dollars to ________ and the supply of dollars to ________

A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease