Answer:
While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.
Explanation:
Answer:
The resulting price of the French computers in the U.S. would be the same the price under the tariff.
Explanation:
As we set a quota on French computers equal to the number of French computers that would be sold under a specific tariff, this wouldn't change demand. If there's not a change in demand, the price will be the same.
Answer:
price, quantity, price
Explanation:
By drawing a demand curve with <u>price</u> on the vertical axis and <u>quantity</u> on the horizontal axis, economists assume that the most important determinant of the demand for a good is the <u>price</u> of the good. in the demand curve, demand for a good increases with a decrease in price, quantity demanded for a good is price dependent.
Answer:
B. it yields a payoff at least as large as that from any other strategy, regardless of the actions of other players.
Explanation:
A dominant strategy is a strategy that is always better than another strategy in the group for the action of other players. The strategy is considered to be dominant when that strategy earns the player a larger or greater payoff than any other player in the group regardless of what any other players do.
All the other players are dominated in the group when one strategy is dominated.
Hence the correct option is -- (B)
