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Game theory is one of the most influential model of choice in economics. What are some damning critiques of this popular theory?
The probability of making exactly four sales. b. The probability of making no sales. c. The probability of making exactly two sales. d. The mean number of sales
Suppose 2009 is the base year. From 2009 to 2010, the price index increased from 100 to 102.5. if nominal Gross Domestic Product (GDP) is $2,800 in 2010, then the real Gross Product (GDP) in 2010 is
This comparison is being made for a state government that mandates the use of benefit/cost criteria at an interest rate of 8%. Which ratio
When should you be willing to risk the support of your constituents and your contributors and perhaps the wrath of the local editorial board by taking an unpopular position?
America is a very violent country, compared to countries like Great Britain and India. How do the theoretical explanations for aggression help explain this? How do the ideas of conformity, compliance, and obedience tie into this discussion?
If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output. Illustrate what is the firm's Total Revenue.
What is organizational culture? What effect does it have on a organization.. Include in your rescission the positive and negative aspects of culture in an organization
Suppose an economy described by the Solow model has the production function Y= K1/2 (LE) 1/2 a. For this economy, determine an expression for output per effective worker, y=f(k) b. Use your answer to part (a) to solve for the steady-state value of y ..
The concept of LEAN was originally started and apply with Toyota, however, many automotive manufacturing companies today use this theory. Resources are limited and need to be utilized in the most efficient way as even the most marginal difference can..
According to the Congressional Budget Office estimates, output was 2.9% below potential output in the 4th quarter of 2014. The unemployment rate was 5.7%. What was the implied natural rate of unemployment?
How is Money Supply controlled and what is the relationship between money and inflation? Using the money market, explain the interest-rate effect
Why these former employees faced difficulties because the market for their very technical skills was declining. These workers were.
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