Which of the following is LEAST likely characterized by mixed strategies?

A) the choice of whether to go to war or not
B) the choice of which pitch to throw in baseball
C) the choice of which play to run in football
D) the choice of where to kick a soccer penalty shot

A

Economics

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Since income and substitution effects point in the same direction for normal goods, the leisure demand curve will be shallower if leisure is a normal good than if leisure is an inferior good.

Answer the following statement true (T) or false (F)

Economics

Suppose a monopolist faces the demand curve shown below.  This demand curve can be used to determine:

A. the impact of advertising on demand. B. the monopolist's total revenue at different price and quantity combinations. C. the total cost associated with producing different levels of output. D. the marginal cost associated with producing different levels of output.

Economics