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Consider a committee of Ann, Bob, and Carol that is choosing between three alternatives, {x, y, z}. Player i’s preferences are represented by the ordering i . Suppose the three player’s preferences are: x A y A z. y B z B x. z C x C y. Each player has complete and transitive strict preference. Suppose the committee decides to operate on the basis of majority-rule: the committee strictly prefers alternative a to alternative b if a strict majority prefer alternative a to b. Let M be the committee’s preference. Based on the preferences of the committee members, (a) Is M complete and transitive? (b) Can you represent committee preferences by a utility function?
Converse the latest equilibrium price also quantity to result from these changes.
All of these methods help an organization mold strong, smart, motivated employees that know how to do their job and can help the organization smoothly.
q.in 2008 financial crisis has basis macroeconomists to re-think monetary as well as fiscal policies. financial experts
Assume that the government places a 50 percent tax on widgets. Neither the demand for widgets or supply of widgets is perfectly elastic or inelastic. Draw a graph showing how the tax will affect the market.
Consider a piece-rate-tournament experiment like in the Niederle and Vesterlund paper but with groups of 2: 1 man and 1 woman, both of whom maximize expected value. Calculate the expected value payoffs from piece-rate and from tournament pay for men..
Fit three possible statistical cost functions to the data. Use straight-line, quadratic, and cubic formulas. Discuss the statistical results you obtained in question 1. Include in your discussion R2 , the coefficients, and the statistical significanc..
Include the circumstances of the proposed monopoly and the reason the government stepped in. Predict what would have occurred had the monopoly succeeded.
Analyze key elements of training and development geared toward improving the performance of the specific small business for which you are consulting.
Suppose a chemical factory discharges waste products into a river resulting in significant damages to a local fishery. The marginal damage and the marginal abatement cost (MAC) are given by: What level of emissions will occur if the chemical factory ..
q1. suppose your elasticity of demand for your parking lot spaces is -2 and the price is 8 per day. if your mc is zero
A certain waste water treatment unit process costs $50000 to purchase and install and will cost $500 per year to operate. Given an interest rate of 4.00 percent, what is the net present value of this scenario? Assume a 10 year design life. Limit answ..
Refer to the Real Estate data, which reports information of homes sold in the Goodyear, Arizona, area during the last year. Prepare a report on the selling prices of the homes.
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