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Assignment Task
For each of the above games, answer each of the following questions:
a) Is A ESS? Is B ESS?
b) What is the static midpoint, if any (or write "none") and, if it exists, is that mix evolutionarily stable (or write "N/A" for not applicable)
c) Draw the evolutionary best response graph. Make sure to include the necessary labels.
d) Starting at a population of .6 A and .4 B, what would be the next two generations by percentage of A and B?
Bank A has an increase in deposits of $20 million dollars and all bank reserve requirements are 10%. Bank A loans out the full amount of the deposit increase that is allowed. This amount winds up deposited in Bank B. Bank B lends out the full amount ..
Suppose you need to remove 70 exotic fish from a lake into which they were unintentionally introduced. You have three possible removal methods, methods 1,2 and 3. How much of each method should you use to achieve the removal cost effectively. Why isn..
Assume that the hypothetical economy of Mo has 8 workers in year 1, each working 1,500 hours per year (50 weeks at 30 hours per week).
You are the owner of a clothing retail store in Manhattan that sells brand name clothes, including high-end clothing brands. Your retail salespersons are paid a mean hourly wage of $12. Over the last several months, your sales have significantly decl..
Economically, when is it best for a firm to outsource or contract-out some part of its production? Provide an example of a business task or operation that it would make sense to outsource. Provide an example of a government task that it would be eco..
Consider the following two constrained optimization problems: Problem 1: max/min xy subject to x^2 + y^2 = 50 Problem 2: max/min xy subject to 2-x-2y = 0 i. Using the Lagrange approach find all critical points and the value of the Lagrange multiplier..
Your FICO score makes a big difference in how lenders determine what interest rate to charge you. Consider the situation faced by Edward and Jorge.
Why is Woodrow Wilson described as the father of Public Administration in the US? Briefly explain the meaning of political power and administrative power.
Recently there has be a drive to increase the production of alternative fuels from corn. The argument used by many is energy self sufficiency. In light of the desire to reduce our use of foreign produced oil, many have suggested we should subsidize t..
What plan does the Trump administration have to save the Social Security System?
She also invested her $20,000 savings (which earned a market interest rate of 5% per year) in her business.
A car costs $30,000 in the US. The same car costs 12,000 pounds in Britain. The exchange rate is $1 = 0.5 pounds. 22.1. Refer to the scenario. What is the real exchange rate expressed in terms of cars?
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