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1. What is the difference between a dominant strategy and a dominated strategy? Why would a player in a game be unlikely to choose a dominated strategy?
2. What is special about the game of Chicken? How does the game of Chicken differ from the prisoners' dilemma game?
A professor in the economics department of the college of business and economics at CSULA claims that there is much more variability in the final exam scores of students taking the introductory economics courses as a requirement.
what will happen to equilibrium quantity od peanut butter traded in the market after the 30% increase in the price of peanut butter? stay the same, increase, decrease, or not enough information to tell what will be the expected change in the quant..
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day.
Assume the following data describe the condition of the banking system: Total reserve $200 billion Transactions deposits $800 billion Cash held by pubic $100 billion Reserve Requirement 0.20
suppose an economys real gdp is 38000 in year 1 and 41200 in year 2. what is the growth rate of its real
The best estimates for the first costs, yearly costs (O&M) and yearly benefits (Energy savings) are given below. However, uncertainty exists about the disposal cost and energy savings. The MARR is 5%; taxes and inflation can be ignored.
When is producer surplus equal to economic profit (for either a firm or an industry)? When producer surplus and economic profit are not equal, which is bigger?
Describe the steps you would use to undertake White's test for homoscedasticity for first equation and what assumption has been made about the error variance in first equation ?
Estimate a logit model to predict delinquencies in terms of the other variables in the data set. Enter McFadden's R-squared in the box below.
(b) If the person accepted the terms of the loan on Oct. 1, 2008 (the first payment was due November 1, 2008), what is the balance of the loan at the end of 2010 (c) How much was the total interest payment in 2010 that can be used for tax deduction..
A consumer must divide $250 between the consumption of product X and product Y. The relevant market prices are Px $5 and Py $10. Show how the consumer's opportunity set changes when the price of good X increases to $10.
A common marketing tactic among many liquor stores is to offer their clientele quantity (or volume) discounts. For instance, the second-leading brand of wine exported from Chile sells in the United States $8 per bottle if the consumer purchases up..
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