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A game everyone knows is coin flipping. Suppose that Player 1 flips the coin (and is so skilled that he is able to flip it whichever way he wants) and Player 2 calls heads or tails. The winner gets $10 from the loser. Player 2 (calls) Heads Tails Player 1 (flips) Heads - 10, 10 10, - 10 Tails 10, - 10 - 10, 10 [a.] Does either player have a dominant strategy? If so, which player and what is the dominant strategy. [b.] Is there a Nash equilibrium in this game? Explain. [c.] Games like this are called zero-sum games. Briefly explain why.
Illustrate what government assistance programs does the Census Bureau consider when calculating household income.
Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 tirllion and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.
The main liability on the Federal Reserve's balance sheet is. Third Bank has reserves of $12.3 million and transaction accounts of $115 million. If required reserves are 10 percent of transactions accounts, Third Bank has excess reserves of
Brazil is the world's largest coffee producer. There was a severe drought in Brazil in 2013-2014 that damaged Brazil's coffee crop. The price of coffee beans doubled during the first three months of 2014. Draw and discuss a supply and demand diagram ..
Astrachan contends that ____ men express the most hostility when women enter into traditionally male occupations and are more threatened by the overall competence of women.
Cater enterprises can issue floating-rate debt at LIBOR + 2.50% or fixed rate debt at 9.50%. Brence Manufacturing can issue floating-rate debt at LIBOR + 4.60% or fixed rate debt at 11.00%. Suppose Cater issues floating-rate debt and Brence issues fi..
q1. analyze the potential downfalls of any effort e.g. free riders and make at least one recommendation for minimizing
Construct a response to the Federal Reserve actions aimed at lowering long-term interest rates
determine the environmental variable most likely to affect the short-run production over the next 12 months. Determine what managers can do to prepare for the possible change in short-run production. Pick a real or fictitious business.
Empirical estimates of the price elasticity of demand suggest that the demand for household consumption of alcoholic beverages is
With increased access to wireless technology and lighter weight, the demand for laptop computers has increased substantially. Laptops have also become easier and cheaper to produce as new technology has come online. Despite the shift of demand, pr..
how do public goods and private goods compare? open a supply and demand curve. in whcih direction do the shift if they both decease?
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