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Assume that a cake is being divided in the following way among two players. Each player writes down a number from zero to one on his piece of paper. Then both players turn over their pieces of paper. If the sum is less than or equal to one, each player gets a share of the cake equal to the number he wrote. If the sum is bigger than one, each player gets nothing.
What are the pure strategy Nash Equilibria of this game? Do they help you at all in predicting the result of the game?
Supply demand analysis to elucidate how the prices of untaxed consumption items can be affected by the retail sales tax even though they are not subject to taxation.
Illustrate what are the benefits of free trade. Who are the winners and losers when the government imposes tariffs and quotas.
Describe the effects of monetary policies on the economy's production and employment.
Provide a business or political example of the prisoner's dilemma from the field of game theory. What is the payoff for each participant in your example.
Rachel utility function is given by U= I 1/2 , where I represents annual income in thousands of dollars. Assume Rachel is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
Elucidate the fiscal policy also which factors limit its effect.
Economists have estimated the subsiquent transportation elasticities.
Elucidate the percentage rate of Full Employment and Inflation that that these two organizations try to keep as its target.
Fiscal policy also decrease the dollar like monetary policy.
Price benefit analysis of an irrigation project describes the ratio of the discounted current value of benefits to costs is less than one.
Elucidate the value of Peets coffee both current and future valuation.
Comprising a list and description of the tools organizations can use to manage risk in international finance.
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