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Two hunters went out into the forest to hunt for deer. Each take their position in the forest, and wait for the stag to come by. But as they are standing there, a rabbit runs by each (not necessarily at the same time), and each considers leaving his post to pursue the rabbit. If either does this, neither will catch the stag.
Game theorists have studied a game based on this situation, the Stag Hunt game.
Stag Rabbit
Stag 3,3 0,2
Rabbit 2,0 2,2
Find all Nash equilibrium to this game (remember, they tend to come in odd numbers). Which do you think is most likely to be realized, and why?
You have decided to purchase a large screen TV and the Rent to Own store. The TV would cost $1,200 but you will be making payments of $150 a month for a year. Assuming your MARR is 22%, compounded monthly, what is the present worth of this purchase?
The dropout rate of minority also international students at U.S. colleges also universities are higher than it is for white American students.
Suppose the government were to subsidize the wages of all women in the population by paying their employers 50 cents for every hour they worked. What would be the effect on the wage rate women receive? What would be the effect on the net wage employe..
The R&D and development costs for the new drug were $1.2B. Variable costs are estimated at $25 per pill and allocated fixed costs are estimated to be $8 million per year. For pricing let’s assume that the average channel margins based on retail price..
Briefly describe a product or service you use every day and suggest a better approach to advertising that product/service than is currently being used. Explain your rationale.
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following
After 25 years explain how much larger is Country B's economy the Country A's economy. Why is the answer not 25 percent.
Firms that can identify two types of consumers can price-discriminate perfectly. Firms can price-discriminate only if there is zero competition in the market. Firms that price-discriminate will not reach higher profits.
question 1 for the following scatter plot what would be your best estimate of the correlation coefficient?nbspquestion
A company is a monopoly in the market for bottled water. It was two plants to produced bottled water.
Who benefits from inflation? Who is hurt from inflation? What is hyperinflation? How to control inflation? What is GDP pe person? Provide an example of purchasing power parity
What strategy does P&G appear to be moving toward? What are the benefits of this strategy? What are the potential risks associated with it?
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