Refer to Figure 8.1. The Nash equilibrium is found where Charla plays ________ and where Mirna plays ________

The average starting salary for a history major is $29,500. If the CPI was 147.5, the real salary is

A) $200.00 an hour. B) $20,000. C) $35,000. D) $43,513. E) $14,750.

A consumer has preferences over two goods, X and Y. Suppose we graph this consumer's preferences (which satisfy the usual properties of indifference curves) and budget constraint on a diagram with X on the horizontal axis and Y on the vertical axis. At the consumer's current consumption bundle, the consumer is spending all available income, and the marginal rate of substitution is greater than

the slope of the budget constraint. We can conclude that the consumer a. is currently maximizing satisfaction subject to the budget constraint. b. could increase satisfaction by consuming more X and less Y. c. could increase satisfaction by consuming less X and more Y. d. could purchase more X and more Y and increase total satisfaction.