10. In the following game, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second. In Game (*) above,(A) Player A has a dominant strategy.(B) Player B has a dominant strategy.(C) Both players have dominant strategies.(D) Neither player has a dominant strategy.

5. Suppose a consumer buys two goods, x and y , and has income of $30. Initially and the consumer chooses basket A with x =5 and y= 5. The prices change to and the consumer chooses basket B with x = 1 and y = 13. (A) These choices are not consistent with utility maximization. (B) With this information it is not possible to determine if these choices are consistent with utility maximization. (C) These choices are consistent with utility maximization. (D) Basket B must be strictly preferred to basket A .

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