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Three men claim to be the fastest gun in the West. To see who is right, they agree to meet at a desolate location in a desert. On a circular, cobblestoned area that is roughly 50 yards in diameter, each stands at the perimeter such that each man is equidistant from the other. Each man has two bullets in his gun and one piece of information. That information is the probability of each man hitting anything he shoots. Good hits his target 100% of the time. Bad hits his target 95% of the time. Ugly hits his target 1% of the time.
Suppose this is a sequential game and Ugly goes first, what is his optimal strategy? To answer this, you must first determine the set of strategies for each man.
If this is a simultaneously played game, what is each man’s optimal strategy? Again, you must list their available strategies.
Explain Carver Memorial Hospital's surgeons have a new procedure that they think will decrease the time.
Several years ago, a man won $27,000,000 in the state lottery. To pay off the winner, the state planned to make an initial $1,000,000 payment immediately, followed by equal annual payments of $1,300,000 at the end of each year for the next 20 years. ..
a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.
The mean hourly wage for employees in goods-producing industries is currently $24.57. Suppose we take a sample of employees from the manufacturing industry to see if the mean hourly wage differs from the reported mean of $24.57 for goods-producing in..
Illustrate what output would be produced, Illustrate what would total profits be also Illustrate what rate of return would the firm earn in its asset base.
Illustrate what are the laws governing "involuntary treatment" in state of Pennsylvania? Describe the process who makes the decisions, how long the treatment can last, etc, for state of PA.
A particular market structure has the following characteristics: the cross-price elasticity of the goods bought and sold in this market is +3.0, firms must lower price to sell more, and there is relatively easy entry into this market. Illustrate a fi..
The constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy.
The American Library Association (ALA) has a code of ethics that is "expressed in broad statements to guide ethical decision making. These statements provide a framework; they cannot and do not dictate conducts to cover particular situations." From w..
In the core of cooperative games, the total cost of forming a coalition is shared by all members in a coalition (efficiency). what is the solution concept that only requires stability and does not carry the notion of efficiency?
Write an essay about 300-400 words about Gross Domestic Product: analysis of Viet Nam economy's GDP composition and growth over time, as well as an investigation of the country's basis for income generation and any and all constraints to growth
A firm facing perfect competition is known as a price taker and therefore cannot employ the use of _______?
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