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On Friday night, Elton and his partner Rodney are deciding where to go for dinner. The choices are Indian, Korean, and Mexican. Elton most likes Indian food and most dislikes Mexican food, whereas Mexican is Rodney’s favorite and Indian is his least favorite. Each cares about the food but also about dining together. As long as the food is Indian or Korean, Elton prefers to go to the restaurant he thinks Rodney will choose. However, he abhors Mexican food and would choose to dine alone at the Indian or the Korean restaurant rather than joining Rodney at the Mexican place. As long as the food is Mexican or Korean, Rodney will decide to go where he thinks Elton will choose. However, Rodney is allergic to some of the Indian spices and prefers dining alone to eating Indian food. Both of them are at their separate workplaces and must simultaneously decide on a restaurant. Find all Nash equilibrium.
Discuss what a manufacturer of each product might do in the short run to increase production. Illustrate how does the long run differ for these products.
Illustrate what would occur to the level of domestic investment.
calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion Answer must be in detail Explain how Explain how you got answer.
If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.
Illustrate what is the next best thing to sliced bread in your product or is your product the next best thing.
questionfor a labor market in a city or region assume that wages under bad times is 100 and under good times is 150.
For this SLP take a look at how your organization manages its inventory and then answer the following questions.
Illustrate what additional effects follow this initial effect. Illustrate what is total effect of tax cut on aggregate demand.
Institutions that function to connect one individual's savings another's investment decisions is in summation called the. Bob buys 500 shares of stock issued by Creature Comforts Brewing. Creature Comforts brewing then use those funds to buy new mach..
Do you agree/disagree with the following statement: If the government increases the excise tax on bikes, the prices of bikes will rise? However, this will then cause the demand to decrease and as a result prices will fall back to their original level..
If offshore assembly provisions were extended to include more goods, what would this do to the actual level of protection provided by a country’s nominal tariff schedule? Explain. If the extension of the provisions is made to final goods but not to i..
A successful man make a donation to his Sister for building a new store and upgrading shops, as well as for establishing a store fund. The donation is planned to be spent as follows: $200,000 each year for the first three years, $250,000 each year fo..
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