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Q1. GAME THEORY: Colonel Blotto has three partitions through which to defend 2 mountain passes. His challenger also has three partitions. Blotto effectively defends a pass if as well as only if he distributes an equal or greater quantity of partitions to it as his opponent. Blotto wins if he successfully defends both passes, in addition to lose otherwise. Blotto pay is 0 if he loses and 1 if he wins. Illustrate the mixed Nash equilibrium of the game.
Q2. In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15. The company said that it expected the price cut to boost the quantity of CDs sold by 30%.
Why do celebrity icons receive such widespread attention and adulation
Identify your fixed and variable costs at your fast food restaurant, and explain the changes to each of these costs, given the increased demand.
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
Suppose at the current level of labor used, the MRP = $100 and the MFC = $50. Elucidate the maximize profits
Do sibs have the expected effect. Explain. Holding medic and feduc fixed, by how much do sibs have to increase to reduce predicted years of education by one year.
Assume that the returns of these stocks are independent of each other. Find the mean and standard deviation of the total amount that this investor earns in one year from these four investments.
Estimated regression equation for which quantifies the demand for Widget
Some economists argue that only unanticipated increases in the money supply can affect real GDP.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
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