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Xavier and Ying are partners in a course project. Xavier is the project leader and thus is the first to decide how many hours, hX, to put into the project. After observing the amount of time that Xavier contributes, Ying decides how many hours, hY, to contribute. Xavier's utility function is UX = 18(hX+hY)0.5 - hX, and Ying's utility function is UY = 18(hX+hY)0.5 - hY. Ying threatens not to work on the project. For Ying's threat to be credible, what is the smallest number of hours that Xavier must contribute to the project? How much time does Xavier contribute? Does Ying work on the project?
Describe in words the shape of the histogram
Suppose the real GDP of a country increased from 2,000 billion to 2,100 billion in one year. In the same year, population growth rate was 3%. How much was the growth rate of real GDP per capita in that year?
Give a full explanation for your answers, and using a country of your choice for illustration, describe which firms are likely to gain and which firms are likely to lose from:
Suppose there are only two firms. It is better to be a quantity leader in a Stackelberg model than a member of a cartel in a one shot market. Use a graph if you want.
Determine net income for the period if beginning stockholders' equity is $19,000, dividends declared amount to $7,000, ending stockholders' equity is $37,000 and the corporation issued $1,000 of common stock.
Suppose a competitive market consists of identical firms with a constant lon-run marginal cost of $10. (There are no fixed costs in the longrun) The demand curve is given by q=200-p
1) What is the probability that a microprocessor will have 0 imperfections 2) What is the probability that a microprocessor will have more than 2 imperfections 3) Out of the 100 microprocessors on the sheet, how many would you expect to have more tha..
How does this rationing method influence the incentives of individuals to supply goods, services, and resources to others?
Define and identify opportunity costs, fixed costs, variable costs, marginal costs, average costs, and sunk costs, and differentiate between economic costs and accounting costs.
The objective of management is to determine below what price the company should shut down operations. a) Calculate the shutdown price of operations for Corporation XYZ.
1.suppose the economy is experiencing inflation. what would be the interpretation of ho-w a restrictive monetary policy
What is the current macroeconomic situation in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
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