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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.
Driver 2Left RightDriver 1 Left 0,0 -1000 -1000Right -1000, -1000 0,0a. Does either player have a dominant strategy? Explain.b. Is there Nash equilibrium in this game? Explainc. Why this game is called a cooperative game?
Research the current demand for a good or service of your choice. Collect information that will affect the demand for the good or service.
Discuss and explain the differences between short and long run costs and for the short run, discuss what the relationship is in cost theory and production theory and concept of diminishing returns?
A development of value and distribution theories. Detailed analysis of the reactions of consuming and producing units
1. What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100 percent and the federal budget was balances (Hint: Under a balanced budget, tax revenues equal the sum of discretionary ..
Advanced MUa = z=10-x and MUb = z = 21 - 2y, where z in marginal utility per dollar in the amount spent on product A, and y is the amount spent on product B. Assume that the consumer has $10 to spend on A and B
The fiscal policy measure that has more direct impact on the economy is an increase in government spending if consumer confidence is lower than the previous month. One of the ways the President Obama stimulated the economy was through increased g..
They argue that in most situations, we couldn't avoid nudging even if we wanted to, because whatever pol- icy we choose will contain some set of unconscious nudges and incentives that will influence people.
Your consulting company has been hired by an airline to analyze data on passenger and luggage weights. The data refer to a 200 seat aircraft that is always full. You are given data that show that as a good approximation passenger weights W ~ N (15..
we know that when an economy starts out at long-run equilibrium and the government cuts taxes, this will result in inflation int he long run. what happens if the economy is producing a level of output below the full employment (long run equilibriu..
In a practical sense, write your opinions on the effect a rule stating that university students must live in university dormitories would have on the price elasticity of demand for dormitory space.
One of the functions of price is to ration resources and goods and services. What do we mean when we say price serves as a rationing device Elaborate your response in relation to scarcity and in terms of the demand and supply model
What happens to consumer surplus and what happens to total surplus assuming the government sells the consumer
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