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Three men claim to be the fastest gun in the West. To see who is right, they agree to meet at a desolate location in a desert. On a circular, cobblestoned area that is roughly 50 yards in diameter, each stands at the perimeter such that each man is equidistant from the other. Each man has two bullets in his gun and one piece of information. That information is the probability of each man hitting anything he shoots. Good hits his target 100% of the time. Bad hits his target 95% of the time. Ugly hits his target 1% of the time.
Suppose this is a sequential game and Ugly goes first, what is his optimal strategy? To answer this, you must first determine the set of strategies for each man.
If this is a simultaneously played game, what is each man’s optimal strategy? Again, you must list their available strategies.
In presenting your thoughts and beliefs, contextualize your opinion in terms of challenges of managing that diversity issue within your workplace.
Which of the following factors is most likely to worsen (make more negative or less positive) a (home) country's net international investment position?
Suppose the Demand for baseballs is given by Q = 240 – 8P. What is the price elasticity of demand when P = 6? At what price will Total Revenue be maximized?
What is the process by which a recessionary gap closes itself? Explain. Why might this self-correcting mechanism work slowly in the face of a recessionary gap?
The marginal revenue product of labor for an electronics firm is MRPL = 50 - L, where L = the number of workers. If the wage of electronics workers is $20 per worker, then how many workers will the firm hire?
Which of the following is an example of a local monopoly as compared to a national or international monopoly?
The salvage value of either alternative is negligible at any time. If MARR is 10% per year, what present expenditure for the auxiliary equipment can plan you justify spending? Assume that you need the heating system infinitely.
An economy needs 400 bn. Spending to close the recessionary gap, multiplier is 4; what should be the increase in spending on the part of the of the government?
Elucidate the difference among nominal and real variables and give tow examples of each. According to the principle of monetary neutrality, which variables are affected by changes in the quantity of money.
Why do you think that approximately one-sixth of the world's population has not experienced much substantive economic growth over the past 30 years?
In the first-order exponential smoothing model, the new forecast is equal to the old forecast plus a weighting factor (W) times the error in the most recent forecast.
Find the optimal capital and labor inputs given the production function f (k, l) = ak + bl and that the output price is given by p, the rental price of capital is r and w is the wage.
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