When playing a game in which players are in direct competition with one another, it is best to ________ a mixed strategy because the strategy is ________

If reserves in the banking system increase by $100, then checkable deposits will increase by $1000 in the simple model of deposit creation when the required reserve ratio is

A) 0.01. B) 0.10. C) 0.05. D) 0.20.

For a perfectly competitive firm, profit maximization occurs when

A) marginal revenue equals average total cost. B) marginal revenue equals marginal cost. C) marginal cost is equal to average total cost. D) average total cost is at its minimum.