With a rise in the stock market, the simple LCH model with no bequests predicts ________ in current consumption. Then when adding to the model bequests due to catastrophic illnesses and expenses that fail to occur, current consumption is ________

In the above figure, at what price does a perfectly competitive firm make zero economic profit?

A) $4 per unit B) $8 per unit C) $12 per unit D) $16 per unit

The above figure shows the payoff matrix for two firms, A and B, choosing to produce a basic computer or an advanced computer. The joint profits

A) will be maximized at a Nash equilibrium. B) will be maximized when both firms take different actions. C) will be maximized when both firms take the same actions. D) Both A and B.