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some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is, as long as everyone chooses the same side. Otherwise, everyone may get hurt.
a. does either player have a dominant strategy?
b. Is there a Nash equilibrium in this game? Explain.
c. Why is this called a cooperative game?
Illustrate if the table represents the demand faced by a monopoly firm, then what is that firm's marginal revenue as it increases output from 1300 units to 2200 units.
What is the dollar value of the deadweight loss when output level Q3 is produced? What is the total surplus when output level Q3 is produced?
The US government could not pass its annual budget. As a result, the US government has partially shut-down: roughly about 800000 federal employees of non-essential services are out of work
Explain how many histories/game tree nodes are there where P2 has to move? P1.
We said that an uncrowned country club golf course has aspects of public good.
Calculate the price and quantity associated with the perfectly competitive outcome.
Compare and contrast your chosen websites: which website is more likely to be successful than the other, and why and How well does the website personalise the experience for users?
Arnett is appearing for a new Web portal to utilize to access information which interests him on Internet.
Explain and graphically illustrate the effects of the tax cut on aggregate output, consumption, employment and the real wage.
What appears to be major constraint that central banks used to determine limits of monetary injections into economy. Did United States use same or different criteria.
Illustrate what is factor-proportions theory, also how is this theory useful in determining production advantages
Suppose that GDP is currently $25,000 and marginal propensity to consume is .50. If autonomous investment increases by $5,000, what will GDP be in new equilibrium.
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