Given the aggregate production function Y = A , the Solow residual equals ________ when Y is 60, K = 5 and L = 5

A Nash equilibrium occurs if ________

A) each player chooses strategies that are mutual best responses B) each player chooses his or her dominant strategy C) each player chooses only a pure strategy D) each player chooses only a mixed strategy

Which of the following is an example of a fixed cost for a fishing company?

a. The cost of hiring a fishing crew. b. The monthly loan payment on the boat. c. The supply of nets, hooks, and fishing lines. d. The fuel costs of running the boat.