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The prisoner's dilemma exercise assumes
A: prisoners are rational.
B: prisoners are altruistic to each other if they know each other well.
C: prisoners believe other prisoners are different then they themselves are.
D: prisoners do not know what the penalties are when they are interrogated.
q1. assume you are to specify a short-run total variable cost function for a nursing home. elucidate the variables you
Why does the aggregate demand (AD) curve slope downward to the right? What can cause the curve to shift? Why does the short run aggregate supply (SAS) curve slope upward to the right? What can cause the curve to shift?
For an interest rate of 12% and a lifetime of 10 years, which proposal should be selected? Calculate your answer in three ways: Using present worth on incremental investment
What is brand loyalty? Name three products each for which you have (a) high brand loyalty and (b) low brand loyalty and explain why for each of the six products.
Given the production function Y = A and fixed values for the saving rate and depreciation, if productivity is growing at an average rate of three percent, and the labor input grows at two percent, there is a unique growth rate of capital that is sust..
Fiscal policy, the money market, and aggregate demand Consider a hypothetical economy in which households spend $0.75 of each additional dollar they earn and save the remaining $0.25. The following graph shows the economy's initial aggregate demand c..
Suppose a rm's production function is given by Q = F (L,K ) = 5LK . The wage rate is $100 per unit of labor and the rental rate of capital is $50 per unit of capital. What is the least-cost combination of capital and labor if the rm produces 1000 uni..
q1. y fk l a k0.4l1.0a calculate the marginal product of labor mplb does this production function exhibit diminishing
Now assume that the economy is open and that the world interest rate is determined on the world market instead of in the domestic economy. Use a two-country model with initial current accounts equal to zero. How does an increase in domestic wealth af..
suppose that the government is debating whether to spend 100 billion today to address climate change. it is estimated
Do you think the attitudes and bargaining behaviors of the participants in collective bargaining negotiations are more or less important in the final outcome than economic conditions and factors? Why?
A piece of research equipment is expected to require an investment of $18,000, with $6,000 committed now and next year $7000 while the remaining $6K will be pay out at the end of year 2. Annual operating costs for the system are expected to start in ..
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