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What are the strengths and weaknesses of game theory? What are its underlying assumptions? Devise a situation/scenario from your work (or another company in which you are familiar) in which game theory is immediately applicable. Sketch out its specific use from beginning assumptions, to logical behavior and to policy conclusions.
After a long career an engineer retires with $1.4 million in a retirement account. The engineer spends $84,000 per year from this account in retirement and the account earns 3% interest per year. How many years will the retirement account last? Expre..
Analyze from an anthropological perspective the victory of Barack Obama as president of the U.S. in 2008. Does Obama’s victory indicate that the U.S. is no longer a racist country and that all ethnic groups in the society are treated equally? Is Obam..
The federal government currently taxes alcohol on the basis of the 100-proof gallon. (Alcohol that is 100 proof is 50 percent pure ethyl alcohol; whereas wine is usually about 24 proofs, and most beer is 6-10 proof.) How would alcohol consumption pat..
q1. illustrate what financial market yield data can the federal use to determine if longer term inflation expectations
Sam's Fire Engines is the sole seller of fire engines in the fictional country of Pyrotania. Initially, Sam produced four fire engines, but he has decided to increase production to five fire engines. The following graph shows the demand curve Sam fac..
The European Economic Community was founded with the Treaty of Rome. Please name the ten most important milestones between 1957 and the EU enlargement of 2008. The EU is the biggest common market worldwide. Please name the most important facts that d..
Suppose that a 20 year Corporate bond pays an annual interest payment of $60. The bond sold for $1000 last year and is currently valued at $1050. Compute the rate of return. Briefly discuss the role of the capital gain or capital loss in your result...
Suppose that the nominal rate of interest is holding steady at 8 percent even as the anticipated rate of inflation rises.
Illustrate what can we conclude about the income elasticity of demand?is it positive or negative. what class of goods candy bar belongs to.
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
Suppose the United States were to suddenly halt all trade with other countries. How would such an act affect your life and the lives of other Americans? How would such an act affect the Real GDP in the United States? Who benefits from trade barriers?
Florence is considering going into business for herself and has developed the following estimates of monthly costs and revenues to aid her in her decision making process. She has decided to house the business in a building that she already owns, alth..
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