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A rich benefactor calls a meeting with two Deans. The benefactor wishes to make a $100 donation to the two schools, but requires the deans to engage in the following bargaining game to divide the money. First the Dean L offers the Dean R a portion of the $100, which the Dean R can Accept or Reject. According to the benefactor's rules, the offer can be one of $75, $50, or $25. If the Dean R Accepts the offer, then the Dean R gets the offer, and the Dean L gets what is left over from the $100. If the Dean R Rejects the offer, then the game ends and both deans get nothing. Describe the Subgame Perfect Equilibrium outcome: explain the Dean's optimal action contingent on each possible offer. Then explain the Dean L's optimal offer.
your younger sister needs 500 to buy a new bike. she has opened a lemonade stand to make the money she needs. she is
The weight of items produced with a machine is normally distributed with a mean of 8 ounces and a standard deviation of 2 ounces. What is the probability that a randomly selected item will weigh among 6.4 and 8.9 ounces
What factors would cause a firm to decide to buy intermediate products needed for production of its final goods or services?
What is the relationship between income and exports?
the oil well maconda exploded in the gulf of mexico in 2010 killing 11 people and creating a huge oil spill. bp did not
currently the interest yield on short term treasury bills is near zero. longer term rates for mortgages are under 4.
suppose demand and supply are given by qd 50 - p and qs frac12 p - 10.a. what are the equilibrium quantity and price
Graph these two individual pollution demand curves and indicate the levels of pollution (both graphically and numerically) that will be produced by these plants in the absence of regulation.
Presume the utility function for a firm manager is U = Î + bQ, where Q is output, Î is profit, and b is a positive constant. How would the firm's output compare with what it would be if the manager's objective was to maximize profit?
Suppose Suzuki increases the price of a particular motorcycle model by 12 percent and as a result the quantity demanded for that model decreases by 4 percent. Calculate the price elasticity of demand for that motorcycle model.
suppose that on the basis of a nations production curve an economy must sacrifice 10000 pizzas domestically to get the
marginal propensity 0.63 - 0.76what is expenditure multiplier?wil increase from to and if multiplier increases
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