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Three friends (Julie, Kristin, and Larissa) independently go shopping for dresses for their high-school prom. Upon reaching the store, each girl sees only three dresses worth considering: one black, one lavender, and one yellow. Each girl furthermore can tell that her two friends would consider the same set of three dresses, because all three have somewhat similar tastes.Each girl would prefer to have a unique dress, so a girl's utility is zero if she ends up purchasing the same dress as at least one of her friends. All three know that Julie strongly prefers black to both lavender and yellow, so she would get a utility of 3 if she were the only one wearing the black dress, and a utility of 1 if she were either the only one wearing the lavender dress or the only one wearing or the yellow dress. Similarly, all know that Kristin prefers lavender and secondarily prefers yellow, so her utility would be 3 for uniquely wearing lavender, 2 for uniquely wearing yellow, and 1 for uniquely wearing black. Finally, all know that Larissa prefers yellow and secondarily prefers black, so she would get 3 for uniquely wearing yellow, 2 for uniquely wearing black, and 1 for uniquely wearing lavender.Provide the game table for this three-player game. To make your work easier to grade, please make Julie the row player, Kristin the column player, and Larissa the page player. Identify any dominated strategies in this game, or explain why there are none. What are the pure-strategy Nash equilibrium to this game?
How is safety stock included in a material requirements plan? What factors can create safety stock requirements in an MRP system? What is meant by the term safety time?
What does the breakdown of three one-thirds indicate? Offer some plausible explanation of why overraters are higher up in the organization.
Criticism the use of increasing government expenditure as a means of reducing unemployment.
1. What is meant by the terms narrow money and broad money?2. Does broad money fulfill all the functions of money?
The company Three, SRL, sells three different products and sets the sales value for every product at 1.5 of their respective variable costs.
1. What effects will the following have on the equilibrium rate of interest? (You should consider which way the demand and supply curves of money shift.)(a) Banks find that they have a higher liquidity ratio than they need.(b) A rise in incomes.(c) A..
If a firm making losses goes out of business, is this bad? Why or why not?
Assume the Kalamazoo Competition free Concrete's demand function is D=5,000-50P, its marginal cost is 40 dollar per cubic yard,
Watch the videos about the Phaeton VW Assembly plant. (This is several years old, so don't research what actually happened to answer the questions. Try to answer the questions just from studying the videos, thinking about what you already know, ..
1.At what phase of the business cycle is the average duration of unemployment likely to be the highest? Explain
Examine the common elements of compensation packages. Determine which two elements you believe to be the most motivational to an employee and to you. Support your position. Compare team and individual bonuses and incentives.
1.In what ways is a monopolistically competitive firm likely to be less efficient than one under perfect competition?
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