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Consider the following game: There are 3 players. Each player decides whether to work on a common project or not. The project is successful only if 2 or more players work on it. When the project is successful, each player who works on the project obtains a payoff of 20. When the project is not successful, each player who works on the project obtains a payoff of -10. If a player does not work on the project her payoff is 0. Denoting by N the number of players who work on the project, determine what value or values of N are consistent with the Nash Equilibria of the game.
q1. suppose you read in the newspaper that all last week the fed conducted open market acquires and also on tuesday of
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? The price Company X charges for its ink cartridges is nearly as much as it charges for a printer. Packs of 5 ..
q.a firm uses 4 inputs to produce 1 output. the creation function is fx1 x2 x3 x4 minx1 x2 minx3 x4.1 elucidate what
Elucidate how much they can accumulate over 25 yrs if they move the money into a money market mutual fund earning 5 percent.
What lessons can we infer from history around the efforts to enact National Health Insurance and/or Health Reform? What are the economic rationales for different types of government intervention in health care?
At higher interest rates, banks will want to hold more reserves. An increase in the interest rate is associated with an increase in bond prices. Individual banks always respond quickly and significantly to changes in the discount rate. When one curre..
As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because
Trades are seasonal, with higher trades during the spring also summer quarters also lower trades during fall also winter quarters. Which inconsistents of the model are statistically significant.
Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. Elucidate how would you price these two events differently.
In the monetarist model
Elucidate why a system of marketable polution permits leads to less costly pollution abatement and a higher concentration of polluted areas tha a command - and control system.
A county is considering using a piece of park land for one of two alternative recreation projects.
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