A dominant strategy refers to a strategy where one player knows he will always beat the other player

In the above table, the inflation rate between 2013 and 2014 is approximately

A) 9 percent. B) 10 percent. C) 100 percent. D) 110 percent.

Amy spends $5,000 on remodeling a storefront that she then opens as a take-out deli. Business has not been very successful, and she needs an additional $1,000 to keep the deli open. Which of the following is TRUE?

A) The $5,000 Amy spent on remodeling represents a part of the total variable cost of her business. B) The $5,000 Amy spent is a fixed cost of her business. C) The $1,000 represents her marginal costs of production. D) The $1,000 Amy needs to keep the deli open represents her total fixed costs.