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There are three ice cream vendors who are deciding where to locate on a beach. The only decision that they have to make is where to locate the store that they have to run. There are 10 positions available on the beach and costumers are uniformly distributed along this beach. This is the same linear city game we played in class only now we have three icecream vendors. Now are strategies 1 and 10 still dominated by strategies 2 and 9 respectively? If not, check and see if they are dominated by strategies 3 and 8 respectively? If so, are strategies 2 and 9 dominated by any other strategy in the reduced form game?
The risk-free rate of return is 3.5 percent. Illustrate what is the current value of one call option on this stock if the exercise price is $40.
Illustrate what steps would your group have to take to drive our country out of this economic slowdown and towards a more prosperous America.
how the economy moves to a new equilibrium. Focus on short-run as well as long-run equilibrium.
q1. if a monopolist has an own-price demand elasticity of -.8 is it maximizing profits? explainq2. what are some
An increase in autonomous investment will cause equilibrium output to increase
President Bill Clinton assigned his wife the task of developing a national health insurance plan to increase the availability of medical care for the poor. Explain how would one determine the opportunity cost of the proposal.
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
Which of the coefficients are statistically significant and which are not? Explain. d. What percent of variation are restaurant sales explained by this equation?
goods and services that are not sold in markets such as food produced and consumed at home and some household articles
Classify each of the following scenarios as an example of adverse selection or moral hazard. Be sure to support your answer! Nordstrom†TM s cannot predict who is going to be a good shoe salesperson.
Howard Bowen is a large-scale cotton grower. The land as well as machinery he owns has a current market value of $4 million.
Describe the industry and explain the general pattern of change of the particular market model.
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