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Two basketball players, Barbara and Juanita, are the best offensive players on the school's team. They know if they "cooperate" and work together offensively-feeding the ball to each other, providing screens for the other player, and the like-they can each score 12 points. If one player "monopolizes" the offensive game, while the other player "cooper- ates," however, the player who monopolizes the offensive game can score 18 points, while the other player can only score 2 points. If both players try to monopolize the offensive game, they each score 8 points. Construct a payoff matrix for the players that captures the essence of the decision of Barbara and Juanita to cooperate or monopolize the offensive game. If the players play only once, what strategy do you expect the players to adopt? If the players expect to play in many games together, what strategy do you expect the players to adopt? Explain.
And discuss what might be contributing to the change in productivity. In other words, what are the sources of the productivity change?
Which inputs are fixed and which are variable in the production function of William's pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed?
1.Should all investment be subject to a social cost benefit appraisal?
Discuss the moral and economic implications involved in the movement.
"A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.
1.There exists a view that the UK is too small an economy to benefit from competition in many industries, with firms failing to reach minimum efficient scale.
Discuss the differences between unemployment and underemployment and give examples of each. Which do you think is a more serious "problem" for the economy? How might underemployment be addressed through government policy?
What is the role of scarcity in management decisions-making
Determine which ones should be chosen Explain your recommendation - Using a B/C method for evaluations,
Describe some of the likely consequences that can arise if the firm tries to maintain two different accounting systems.
Suppose that the risk free rate of return is 3% and the market portfolio on the capital market line (CML) has an expected return of 11 percent and a standard deviation of 14 percent.
1. What enables banks safely to engage in both maturity transformation and risk transformation?
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