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Based on the news article "Have We Evolved to Be Nasty or Nice?" (url below), Answer the following questions. 1. In the prisoner's dilemma, demonstrate that selfish behavior is inefficient. That is, show that players would both be better off if both cooperative. 2. In the problem of the commons, suppose each of two players has the choice whether to graze 10 cows or graze 5 cows on a common field. If both graze 10 cows, then each receives a payoff of 3. If both graze only 5 cows, then each receives a payoff of 8. If farmer i grazes 10 cows and j grazes 5 cows, then i receives a payoff of 11 and j receives a payoff of 1. What is the Nash equilibrium? Would the farmers be better off if both switched from the Nash equilibrium number of cows? Is this problem of the commons an example of the prisoner's dilemma? 3. Why do humans tend to cooperate with relatives and frequently encountered acquaintances? Discuss the role and the effect of reputation on cooperative behavior by selfish individuals. Discuss the biological reason for cooperative behavior with relatives.
Calculate the year in which income every capita in the United States was equal to year 2010 income every capita in India.
Discuss balance of fixed and variable costs for organization. Explain how has Internet changed this balance for organizations.
What would be additional revenue per hour obtained if company managed to have 10 doctors overseas on duty at any given time. What would be additional profit if company managed to have 10 doctors overseas on duty at any given time.
What are the two characteristics of public goods. Is U.S. border control a public good or a private good.
Market for this commodity is characterized by perfect competition. Government steps in and levies a unit tax of 10 on this commodity. Illustrate what is revenue raised by government through this tax.
You are running a company that is owned by stockholders. Your goal is to maximize shareholder value. Explain how each of the following events is likely to affect shareholder value and identify uncertainties related to their effects.
In which of the two cases, if any, do you think which demand has increased more rapidly than delivery. Explicate your reasoning. Write your answer in essay format.
Illustrate the effects of monetary policies on the economy's production and employment.
sofa manufacturer presently is using 50 workers also 30 machines to produce 5,000 sofas a day.
Analyze how inflation could occur in a society that relies exclusively on barter versus money. Speculate what form inflation would take and how you would recognize it. Provide support for your response.
Resizing them as necessary, to illustrate your analysis. In each case, Illustrate what are the short-run and long-run effects on the aggregate price level and aggregate output.
Assume that a consumer can buy only two goods, A and B, and has an income of $100. The price of A is $10 and the price of B is $20. Illustrate what is the slope of the budget line if A is measured horizontally and B is measured vertically.
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