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To each of the following answer T or F and justify your answer:
a) Suppose we have a game G with an epistemic background such that (1) every player has beliefs consistent with knowledge, (2) every player is rational and (3) every player knows the type of every other player. Then such a game has a Nash Equilibrium.
b) Suppose we have a game G with an epistemic background such that (1) every player has beliefs consistent with knowledge, (2) every player is rational and (3) every player knows the type of every other player. Then such a game has a unique Nash Equilibrium.
c) Suppose we have a game G with an epistemic background such that (1) every player has beliefs consistent with knowledge, (2) every player is rational and (3) every player knows the type of every other player. Then any action profile is a Nash Equilibrium.
Illustrate what happens to total income from shoe sales (Estimate P x Q before and after cost change). Repeat exercise for initial costs being decreased to $40 and $20, respectively.
Illustrate what is the shape of an indifference curve if there are economic bads on both axies.
The backward-bending labor supply curve includes each of these variables except
If the base year is 2009, then the economy s inflation rate is
Assume a firm has a patent on one of its products whose sale generates $32,700/year more revenue than production costs. If the annual interest rate is 20 percent, what is the market value of this patent.
q1. frank gunter owns an apple orchard. he employs 57 apple pickers and pays them 15 per hour to pick apples which he
q.reflect on the solow growth model by means of technology given by y zfk n k12n12 its savings rate is 0.2 moreover
Under the household production model, the full cost of any activity equals: Occupational segregation is more likely to explain the: Employer discrimination imposes costs on:
What is your bottom line in negotiations with the telecom? Suppose you agree on a price slightly above your bottom line.
Discuss how changes in household disposable income, housing and stock wealth, and debt-generated movements along and shifts in the U.S. saving function. Explain these effects, assuming other things were equal.
Some economists suggest that the increase in e-commerce within the business-to-business (B2B) market will lead to greater competition and more goods and services becoming commodities, meaning they will compete solely on price. How do you think thi..
Subprime lending is thought to be a contributing factor to the recent housing bubble. Which of the following is an example of subprime lending?
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