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From the ninth century B.C. until the proliferation of gunpowder in the fifteenth century A.D., the ultimate weapon of mass destruction was the catapult (John Noble Wilford, "How Catapults Married Science, Politics and War," New York Times, February 24, 2004, D3). Hero of Alexandria pointed out in the first century A.D. that it was not enough to have catapults. You needed your potential enemies to know that you had catapults so that they would not attack you in the first place. As early as the fourth century B.C., rulers set up what were essentially research and development laboratories to support military technology. However, unlike today, there was a conspicuous lack of secrecy. According to Alex Roland, a historian of technology at Duke University, "Rulers seemed to promote the technology for immediate payoff for themselves and had not yet worked through the notion that you ought to protect your investment with secrecy and restrictions. So engineers shopped their wares around, and information circulated freely among countries." Given this information, describe a ruler's optimal strategy with respect to catapult research, development, deployment, and public announcements. Should the strategy depend upon the country's wealth or size? What role does credibility of announcements play?
As manager of Citywide Racquet Club, you must determine the best price to charge for locker rentals. Assume that the (marginal) cost of providing lockers is 0. The monthly demand for lockers is estimated to be Q = 100 - 2P
A firm's output is L(100 - L) when it uses L50 units of labor, and 2500 when it uses L> 50 units of labor. The price of output is 1. A union thatrepresents workers presents a wage demand (a nonnegative number w),which the firm either accepts or re..
Does a peace dividend or a reversal to more military spending represent a possible shift of the production possibilities curve (new curve) or a movement along it(going from one point to the other on the same curve)? Analyze why and support your an..
Why are health and education so closely linked in the development challenge? What are the most pressing health and education challenges today? What makes them so difficult to solve?
Your marginal cost for producing a Hair Grow pill is $1. What is the profit-maximizing price and quantity? What is your profit? Suppose your production facility can only produce 1,000,000 pills. What is your optimal price and quantity given the ..
assume that a national restaurant firm called bbq builds 20 new restaurants at a cost of 1 million per restaurant. it
Suppose that you are interested in estimating the ceteris paribus relationship between y and x1. For this purpose you also collect data on two control variables, x2 and x3. Let β˜ be the simple regression estimate from y on x1 and let βˆ be the multi..
Distinguish between the Federal funds rate and the prime interest rate. Why is one higher than the other? Why do changes in the two rates closely track one another?
A certain processing center has the capacity to assemble 650,000 units per year. At present, it is operating at 65% of capacity. The annual income is $416,000. Annual fixed cost is $192,000 and the variable cost is $0.38 per unit assembled.
the table shows the miaximum amount of money you would be willing to pay for increasing numbers of chicken pieces at
a. Find the uniform continuous probability for P(X 645) for U(0, 1,000). c. Find the uniform continuous probability for P(30
There are many potential buyers for used cars. All of them are willing for pay $1000 for a lemon and $2000 for a good used car. There are 1000 owners of lemon and 1000 owners of good used car.
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