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Explain game theory and how you can apply the concepts in your life and work now and in the future? How does game theory relate to competitive advantage?
q.the inverse market demand for mineral water is p200-10q where q is the total market output and p stands for price of
You Sell Short 100 shares of USG which is currently selling for $55/share, and you pay a fee of $8/share. One year from now USG is selling for $35/share and you decide to Buy to Cover your Short position in USG. How much money did you make or lose?
Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ?
What was the impact on the supply and demand of labor on one sector of the labor market? Explain the factors that affected labor demand and labor supply in the chosen historical example.
If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs.
The charter boat fishing industry has a marginal benefit (demand) for fishing trips out of Irondequoit Bay which can be expressed as a linear function of the price of the trip and the number of trips taken out of the port. This marginal benefit curve..
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model,
Any economically efficient production process is always technically efficient. Any technically efficient production process is always economically efficient. A production process must always be both economically efficient and technically efficient.
Explain how "history" affects ability of firms in this game to achieve an outcome superior to that of one-shot version of game.
Deadweight loss and market failure are created when a market produces
q1. assume that a doctor who lives alone hires the services of a maid also pays her 15000 a year to clean his house.
Draw a diagram to Explain how effect of advance of technology in labour market.Illustrate what is when-to-work decision when technology advances.
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