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!
Consider the following situation. An individual may decide to pay taxes of $1200 or evade them. Assume that if the individual evades taxes and is audited, he pays a fine of $350, in addition to back taxes. The IRS can choose whether or not to audit the individual. An audit costs the IRS $200 to conduct.
a. Set up the strategic form (payoff table), with the IRS as player 1 and the individual as player 2.
b. Identify the Nash equilibrium (if one exists). If none exists, find the mixed-strategy Nash equilibrium.
c. Draw the game tree for the game in which the IRS pre-commits to a probability of an audit, and then the individual makes the decision to pay or evade. For what range of probabilities will the individual choose to pay? To evade?
If the price per visit is given to be $25, at what level of visits will the maximum profit position be? What are the profits at this level? What is the quantity supplied?
Incomplete information frequently lowers the average quality of products and services exchanged in markets. This phenomenon, at times called the "lemons problem," Why efficiency in markets with incomplete information present lower than in those with..
Illustrate what are the benefits also costs to the US economy of labor migration (illegal also legal) into the United States from Mexico.
Suppose a monopolist manufacturer sells his products through a monopolist retailer. The marginal cost of production is c = 5. Assume that retail demand is Q(p,s) = s(10-p)100, where s is retailer's level of effort to sell the product. The cost..
What would happen to the Production Possibility Frontier over time? How would invention and technological improvement modify your answer?
How big should hash table be to ensure a mean hash chain length of less than 1. Assume that hash table size is a power of two.
What is the particular form of money (M1,M2, etc.) that would be the smallest measure that includes the type of money described in the article. (For example, if the article is about cash, write "M1." Although all other forms of money include cash, M1..
describe how the US oil companies can remain competitive in the US market when over 35% of crude oil is currently sourced from domestic deep water drilling.
If the patent on a drug expires and the average price of the drug falls to a lower equilibrium price, there will be:
If we assume that the required reserve ratio is 10%, please provide a detailed write-up of what actions could (should) the bank manager take if there is an unexpected deposit outflow of $50 million?
Social Responsibility: To include intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global communities. Why is active economic citizenship particularly important for a succes..
A profit-maximizing monopolist produces an output level at which
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