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What is the dominant Nash Equilibrium Strategy for the repeated prisoner's dilemma game, when both players know that the game will end after one million repetitions?
Don't let high gas prices stall your summer plans With gasoline at $4 a gallon, up 25% since 2010, some people are reassessing their travel plans and many will stay fewer nights in roadside hotels.
Regression analysis was used to estimate the given seasonal forecasting equation, D1 is a variable that is equal to one in 1st quarter and zero otherwise;
suppose an economy's per-woker production function is y=3k^.5. Its saving, depreciation, and population growth rates are estimated at .2, .04, and .02 respectively. Calculate the steady state values of the capital-labor ratio, output per worker, an..
How can a firm maintain a smooth production schedule even when sales are fluctuating? What are the benefits of a smooth production schedule? What are the costs?
The supply curve for product X is given by QXS = -340 + 10PX . a. Find the inverse supply curve. P = + Q b. How much surplus do producers receive when Qx = 350? When Qx = 1,000?
To dig a hole, it takes one person (P) and one shovel (S). The total number of holes dug is given by the production function h=f(P,S)=min(P,S). If you currently have 2 persons and 4 shovels, what is the marginal product of persons
Why might this legislation increase aggregate surplus? Why might it lower it?
The widget Industry in Anytown is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given by P = 800 - 20 W Where W represents the number of widgets sold per period. The total cost function (including opportunity or impl..
We can analyze the motion in each coordinate direction independently, integrating the acceleration to determine the velocity and then integrating the velocity to determine the position.
Alex and Barbara will simultaneously choose to go to the beach or to go cycling without talking to one another. Alex prefers beach and Barbara prefers cycling, but they prefer to be with one another.
1-Concisely explain the economic role of brokers, dealers, investment bankers and the role of the New York Stock Exchange specialist 2-If a bond dealer bought a $100,000 municipal bond at 92% of par and sold it at 96% of par, how much money did th..
Explain the necessity of defining processing rights and responsibilities. How are such responsibilities enforced?
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