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How did the 1971 law that banned cigarette advertising on television solve the prisoners' dilemma for cigarett producers?
(a) What is the meaing of tit-for-tat in game theory?
(b) What conditions are usually required for tit-for-tate strategy to be the best strategy?
Explain why do you think the labor supply curve for very gifted or unique people is quite inelastic.
Import Quotas also voluntary export agreements are often used instead of tariffs. What are the differences.
Federal Reserve Bank of San Francisco, speeks in a speech yesterday at Arizona State University that sustained high oil prices, business caution.
The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. Compute the oligopolist's total revenue at each of the nine prices
Explain whether the evidence above suggests whether the dollar is appreciating or depreciating relative to the Euro. What is your conclusion? Explain how you come to that conclusion.
Maritime Insurance Company offers insurance policies for recreational boats. A typical policy will pay the replacement cost of $25, 000 if the boat is a total loss. If the boat is not a total loss but the damage is more than $10,000, the policy pa..
21st century electronics has found a theft problem at its warehouse and has decided to hire security guards. The firm wants to hire the optimal number of security guards.
Could a labor union or a minimum wage law efficiently help to increase wages, rise employment, or improve working situations in a company
A change in the real money supply can result from a change in nominal money supply through Federal Reserve policy.
Suppose demand function has changed t0o Qd2 = 14-P. What is the new equilibrium price and quantity. Show your work
The primary period had been 10 years, what would the compound growth rate have been then. What would you expect the sales to be after 16 more years.
Illustratr what is the Keynesian solution to a recession or depression. Explain how does the Keynesian multiplier work.
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