The following payoff matrix depicts the possible outcomes for two players involved in a game of Ping-Pong. At this point in the game, the ball has just been hit to Dagny Taggart, and she chooses whether to hit right or hit left. At the same time, John Galt chooses whether to defend right (Dagny’s right) or defend left (Dagny’s left). If a player receives a payoff of 1, the player wins the point; if the player receives a payoff of –1, the player loses the point. Use this information to answer the following questions: Dagny’s optimal strategy is to ________, and John’s optimal strategy is to ________.

In the market for gasoline, if both producers and consumers expected that the price of gas was going to double in six months, what would economists expect to happen in the market for gasoline, ceteris paribus? 

The following table shows a small community’s demand for monthly subscriptions to a streaming movie service. Assume that only two firms (Nextflix and Flixbuster) sell in this market, that each firm offers the same quality of service and movie selection, and that each firm’s marginal cost is constant and equal to 0 (zero) due to excess capacity. Use this information to answer the following questions:Price/Month (P)Number of Customers (Q)Total Revenue/Month (TR)$10      0     $0  9  100   900  8  2001,600  7  3002,100  6  4002,400  5  5002,500  4  6002,400  3  7002,100  2  8001,600  1  900   900  01,000      0 If this market were a monopoly instead of a duopoly, the market price would be ________ and the quantity of streaming movie subscriptions purchased each month would be ________.

The fact that workers must share a limited amount of space and equipment results in ________ marginal productivity.

Note that this course has one (1) deadline for submission: Anything submitted past the submission deadline will not be reviewed for approval in your portfolio to meet your degree requirements. You will have to repeat this process for another course and a project from that course. Submission deadline: July 28, 2025 Select which option applies to you.

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In 2017, the United States exported about $2.4 trillion worth of goods and services and imported about $2.9 trillion worth. This tells us that the US _________ in 2017 was about __________ trillion.

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If a country imposed a tariff on imported beef, what would be the effects on the country’s market for beef?

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