The principle of marginal analysis is useful when trying to:
a. find ways to average costs.
b. find ways to further income equality.
c. make decisions that maximize net gains.
d. make either/or decisions.
Ans: c. make decisions that maximize net gains.
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Kyle and Stan are playing Odds or Evens, where Kyle is designated as the "odd" player and Stan is designated as the "even" player. They decide to play the game 10 times. If Kyle adopts a pure strategy of "shoot 2," Stan shoul
A) also adopt a pure strategy of "shoot 2." B) adopt a pure strategy of "shoot 1." C) adopt a mixed strategy of "shoot 1" 50% of the time and "shoot 2" 50% of the time. D) adopt a mixed strategy of "shoot 1" more than 50% of the time and "shoot 2" less than 50% of the time.
The household survey asks adults about their employment status and is used to compile the monthly unemployment rate
Indicate whether the statement is true or false