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In the same election game played in class, assume that we have three candidates. Now are strategies 1 and 10 still dominated by strategies 2 and 9 respectively? If not, check and see if they are dominated by strategies 3 and 8 respectively? If so, are strategies 2 and 9 dominated by any other strategy in the reduced form game?
Find the equilibrium price also quantity, then find elasticity of demand. Which should the federal government consider when evaluating the rising cost of college.
Someone consumes only coke and pretzles and always consumes 4 pretzels with each cup of coke. 1) What is the cross price elasticity of demand with respect to a change in the price of pretzels? Simplify to a function of price of coke and pretzels 2) W..
The economic model of a perfectly competitive market is very unrealistic because it predicts that firms in a perfectly competitive market earn zero profits in the long run. However, in reality, no firm would stay in business if it earned no profits. ..
Describe the economic status of South Korea. What types of economic activities are most prominent there? What factors have led to your region's growth or lack thereof?
Illustrate what does this outcome reveal about the size of the multiplier
What would be a short-term impact on the production of the corporation. Illustrate what would be the long term.
Three alternatives are being considered. Alternative A has a useful life of 3 years; Alternative B, 5 years; and Alternative C, 6 years. Using the longest life (LCM) approach, what is the planning horizon?
Illustrate happens to the amount of debt held by the public. Illustrate what happens to the level of gross debt.
q.assume that you live in a simple economy in which only three goods are produced and traded fish fruit and meat.
Illustrate what are characteristics of large firms conducting both B2B and B2C transactions that require more robust and capable electronic commerce systems.
q. specify whether you agree or disagree with the subsequent statements. in brief explain your answer.a. increasing
For this final question, assume what we have been assuming for the last two questions EXCEPT NOW assume that the economy is NOT at full employment, but that actual GDP is 2% below potential GDP. Under these conditions, if the money supply were to gro..
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