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Suppose that Wal-World and Tarbo are independently deciding whether to implement a new bar code technology. It is less costly for their suppliers to use one system and the following payoff matrix shows the profits per year for each company resulting from the interaction of their strategies.
a. Briefly explain whether Wal-World has a dominant strategy.
b. Briefly explain whether Tarbo has a dominant strategy.
c. Briefly explain whether there is a Nash equilibrium in this game.
Using the following schedule, define the equilibrium price and quantity. Explain the situation at price of $10. What will occur? Discuss the situation at a price of $2. What will occur?
Illustrate what does this have on the monetary base, the money supply, total deposits, and economic growth.
You are the manager of specific location sales for a national company that provides, among other things, cable television service.
In 2009 output for the country of OZ was 14,300 tons of potatoes and the total labor force 1,150 workers. the growth rate of average labor productivity between 2008 and 2009.
Market Value of the final goods and services produced in the domestic economy= $1,15,000 of which goods worth $10,000 are distributed among the Tsunami Victims. Net factor income to abroad= 4000 and the govt. is offering subsidies to the producers..
A contractor submits a bid on a project, for which more research and development work needs to be done. It is estimated that the total cost of satisfying the project specifications will be $20 million, plus the cost of the further research and dev..
Illustrate what has happened to the price and quantity of the substitutes and complimentary goods/ services for your selected product over the last year.
A technological innovation that lowers the cost of producing a good might seem at first to result in a reduction in the price of the good consumers. But a fll in price will increase demand for the good and higher demand will send the price up agai..
One Chicago has just a new single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year.
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
Ginger's utility function is \(U(x,y) = x^{2}y\) .Prices are Px=8 and Py=2 and Income is I=240. a)Determine Ginger's optimal basket given these prices and her income. b)If Py increases to 8 and Ginger's income is unchanged, what must the Px fall to..
Your company is considering a price reduction on a product which currently sells for the price of $5.00.The price elasticity for the product is roughly equal to -2.3 over the range being considered for the price change.
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