In the simultaneous move labor negotiation game:
a. Neither party prefers bargaining hard in the Nash equilibrium
b. Both the parties want to end up in the least efficient outcome
c. Both parties bargain hard in the Nash equilibrium
d. Both parties want to stay in the prisoner's dilemma
c
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The vertical distance between a firm's total cost curve and its total variable cost curve
a. is zero b. is negative when the firm incurs fixed costs in the short run c. represents total fixed costs d. represents marginal costs e. represents average fixed costs
If the city mayor would perform mayoral duties for $10,000 because he just loves the limelight, but the salary for the position is $45,000 . then the mayor is earning
a. $10,000 rental income b. $35,000 professional rent c. $45,000 differential rent d. $35,000 wage-related rent e. $10,000 wage-related rent