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Two bookstores are competing for customers. Both bookstores can decide to offer discounts to attract more customers. Bookstore-A has a 30% probability of offering a discount. The probability that Bookstore-B will offer a discount is unknown, and is represented by P. The payoffs for the bookstores depending on whether discounts are offered are listed as follows. Bookstore-A finds that the expected payoffs are the same whether the discount is offered or not. Bookstore-B also realizes that its expected payoff is identical whether the discount is offered or not. Find payoff value X and probability level P. Bookstore-B Discount No Discount Bookstore-A Discount (100, 30) (40, 70) No Discount (60, 50) (80, X) explain step by step?
In which of the subsequent ways does government involve the consumption component of planned cumulative expenditures.
Many years ago, the traditional mortgage loan structure specified:
Suppose both firms have entered industry. What is joint profit-maximizing level of output. How much will each firm produce. How would your answer change if firms have not yet entered industry.
question 1 of 2 exchange ratesintroductionsuppose the u.s. federal government adopts the policy of whats good for
Create an 3-6 page report, that includes an explanation and/or examples of: A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in
Who were the stakeholders primary also secondary most affected by Google's original decision to self-censor in China.
There was not a needy person among them, for as many as owned lands or houses sold them and brought the proceeds of what was sold. They laid it at the apostles’ feet, and it was distributed to each as any had need
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what happen to interest rates if the public believes him.
Illustrate why are second hand goods not included in the value of national income.
Consider a couple's decision about how many children to have.Assume that over a lifetime a couple has 200000 hours of time either work or raise children.The wage is RM10 per hour.Raising a child takes 20000 hours of time.
Elucidate the factors that affected labor demand and labor supply in the chosen historical example.
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