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Value modification
Suppose that G is a matrix game with value v. Proof that k*G has value k * v for any positive real number k.
Give an example of a game where G has value v but ?G has a value other than ?v.
Addition
Suppose that G,H are matrix games with the same number of row and column strategies, and that they have a mixed strategy
solution in common.
Prove that if the value of G is v1 and the value of H is v2 , then the value of G + H is v1 + v2 . Give an example of G, H which only
have a common row strategy, but for which G + H has a different value than v1 + v2.
Say half of the cost of producing wheat is rental cost of land (a fixed cost) and half is cost of labor and machines (a variable cost). If the average total cost of producing wheat is $8 and price of wheat is $6, what would advise the farmer to do..
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Two firms face the demand equation given by P=200,000 -6(Q1 + Q2) where Q1 and Q2 are the outputs of two firms. The total cost equations for two firms are given by: TC1 = 8000Q1 and TC2 = 8000Q2.
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why Banks are exposed to interest rate risk primarily. what does the Federal funds market involves.
What is the gross demand for consumption by a ICIW tribe member for pineapples in period 1? In period 2? For a GHN tribe member in period 1? In period 2?
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