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You are in a class with one other student. It is the end of the semester and final exams are in one week. Your teacher has said the final exam will be graded so that anyone who scores the class average on the final exam will receive a B in the class. Anyone who scores above the class average will receive an A in the class. Anyone who scores below the class average will fail the class. You would certainly score higher on the exam than the other student. You and the other student have made an agreement not to take the final exam so that the class average is zero and you both receive a B grade.
a. Determine the basic elements in this game.
b. What are the strategies for each player.
c. What are the payoffs for each player.
d. Create a payoff matrix for this game.
e. What is your dominant strategy?
f. What is your classmate's dominant strategy?
g. Which choice will result in the best outcome? Why?
Describe the transition from short-run to long-run equilibrium in a monopolistically competitive industry.
Set up special columns for Consulting Fees (credit) and Wages Expense (debit).
assume that the yearly capital cost is 10% of the total investment. Elucidate at what production quantity ?these two investment are opportunities.
Explain why such an amendment, if strictly enforced, would force the government to enact a contractionary fiscal policy whenever the economy experienced a severe recession.
q.consider republic of netflexs balance of payments in 2009foreign investment into netflex 22imports of goods as well
Suppose that the authorities had effectively prohibited price-gouging and somehow managed to ensure that their action had no effect on the quantity of ice in the area. What would have been the effect on social welfare?
Elucidate how resource scarcity influences this marketplace also describe choices stakeholders must make.
Does a tug of war between AVC and AFC eventually take place?
Compute the optimal pricing scheme of the iphone, Assume which there are equal numbers of every customer type.
Suppose a basket of goods and services has been selected to calculate the CPI.
Illustrate what might account for these trends. Compute currency in circulation as a percentage of M2.
Do some research and write a Topic Paper that describes the market structure in which a typical professional sports team in or outside the United States (e.g. New York Yankees, Kansas City Wizards, New Jersey Nets, Manchester United, etc.) operates. ..
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