Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Bruce, Colleen, and David are all getting together at Bruce’s house on Friday evening to play their favorite game, Monopoly. They all love to eat sushi while they play. They all know from previous experience that two orders of sushi are just the right amount to satisfy their hunger. If they wind up with less than two orders, they all end up going hungry and don’t enjoy the evening. More than two orders would be a waste, because they can’t manage to eat a third order and the extra sushi just goes bad. Their favorite restaurant, Fishes in the Raw, packages its sushi in such large containers that each individual person can feasibly purchase at most one order of sushi. Suppose that each player enjoys $20 worth of utility from having enough sushi to eat on Friday evening, and $0 from not having enough to eat. The cost to each player of picking up an order of sushi is $10. Unfortunately, the players have forgotten to communicate about who should be buying sushi this Friday, and none of the players have cell phones, so they must each make independent decisions of whether to buy (B) or not buy (N) an order of sushi.
a) Write down this game in strategic form.
b) Find all the Nash equilibrium in pure strategies.
c) Which equilibrium would you consider to be a focal point?
Assuming 100 identical firms in the industry (further assume that factor prices remain the same) what quantities will the industry and each firm supply when the product’s price is $9? What if prices are below $5?
q1. suppose that there are crowding-out effects and the mpc is .9. by how much must the government increase
Illustrate what is the expected value of the future share price? b. Sharon buys a ticket in a small lottery.
Currently you can purchase a used 10 year old CAT 24D for $85,000. Ten years from now, you think that a comparable used machine will sell for $105,000. What is the average annual inflation rate on used equipment that you are expecting during this 10 ..
You owe $1000 on your credit card. The APR is 18%, compounded monthly. The credit card company indicates that your minimum payment is $18.07. If you make only the minimum mouthy payment, how long will it take for you to repay the $1000 balance (assum..
An increase in the price of a good causes a:
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
an additional $15 of investment projects in each successive rate of return range down to and including 0-5 percent range. Which of lines on above diagram represents these data.
Distribution of costs and benefits of free trade. In other words, does everyone share in the gains and the costs equally? Competing with different labor restrictions (or lack of), such as slave or child labor. Differences in environmental standards.
q1. how an airline executive might use tourism economics relating to passengers load factors ticket prices discounts
Explain why global warming is not likely to be solved by the market mechanism alone. Utilize the terms externality and public goods in your explanation.
To introduce GNP and GDP, and other concepts of the National Income accounts, and to show how they help us understand the growth of the U.S. economy over the past century.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd