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Three students want to order pizza for dinner and they have decided to play the following contribution game in order to collect the money. Each student takes turns in order to place money inside a jar. If at least two students contribute the pizza can be ordered. The students payoffs are as follow:4 if a student does not put money in the jar but the other two do.3 The student puts money in the jar and at least another student contributes also.2 if he/she does not put money in the jar and only one other student contributes.1 if he/she is the only student contributing.
a) If you were advising one of these students, would you advise them to place money in the jar first, second or last?b) What is the Nash equilibrium of the game?
Explain how does Global Intellectual Property Laws affect Telecommunication industry economic growth.
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What would be the net marginal revenue of the marketing division of the firm for the pocket calculators? At what price should the calculators be sold on the external market?
Your company needs a small front-end loader for handling bulk materials at the Wideplace plant. It can be leased from the dealer for three years for $4050 per year including all maintenance. It can also be purchased for $14,000. You expect the ..
Explain why user cost, or scarcity rent, arises in the intertemporal allocation of a depletable resource such as minerals, and some types of energy and aquifer water resources.
Explain how would you evaluate this forecast for your firm.
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Serena consumes popsicles (X) and ice cream cones (Y). Her utility function given by U (x,y) = 3xy. The price of a popsicle is $2, and the price of an ice cream cone is $3. Serena has $40 dollars to spend. A.) Set up the Lagrangian for the consum..
Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders.
Aggregate supply reflects billions of production decisions made through, consumers when they decide which products to buy.
Now you want to "improve" the aggregate production function to increase the supply capacity of the economy. That it, you desire to move the vertical LRAS to the right on the AS/AD diagram.LIST four initiatives that you would focus upon to get the j..
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