What three characteristics do all games have in common?

Refer to Figure 18-1. Of the tax revenue collected by the government, the portion borne by producers is represented by the area

A) F + G. B) B + C. C) E + H. D) B + C + F + G.

The opportunity cost of an airplane flight: a. differs across passengers only to the extent that each traveler pays a different airfare

b. is identical for all passengers and equal to the number of hours a particular flight takes. c. differs across passengers to the extent that both airfares paid and the highest valued use of travel time vary. d. is equal to the cost of a bus ticket, the next best form of alternative transportation to flying.