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Draw the extensive form for the following game (invent your own payoffvectors, because I give you no payoff information). There is an industry inwhich two firms compete as follows: First, firm 1 decides whether to set ahigh price (H) or a low price (L). After seeing firm 1's price, firm 2 decideswhether to set a high price (H) or a low price (L). If both firms selected thelow price, then the game ends with no further interaction. If either or bothfirms selected the high price, then the attorney general decides whether toprosecute (P) or not (N) for anticompetitive behavior. In this case, the attor-ney general does not observe which firm selected the high price (or if bothfirms selected the high price).
Assume that you are going to buy a car work $25,000. You will be able to make a down payment of $3,000. The remaining 22,000 will be financed by the dealer. The dealer computes your monthly payment to be $547.47 for 28 months of financing.
Let P indicate total profit. Develop a mathmatical model for the total profit realized from an order for x pairs of shoes.
Productivity now doubles in the Poor land TV industry, all else equal. How many days does it now take for Poor land workers to make a TV? What happens to the wage in Poor land? The price of haircuts? The CPI?
What type of unemployment is affected when online job search engines reduce the time necessary for job searches? Does this outcome affect the natural rate of unemployment? If so, how?
The Criminal Records Corporation is operating at its minimum efficient scale, selling 10,000 records per month via late-night cable TV advertising. It currently buys pressed records from Hole-in-the-Middle, Inc.
you are asked to decided between two projects based on annual equivalent worth A B -$10,000 -$12,000 $6,000 $7,000 $5,000 $8,000 $4,000 a) what assumption do you need to make in comparing these mutually exclusive revenue projects
In the red shift of radiation from a distant galaxy, a certain radiation, known to have a wavelength of 434 nm when observed in the laboratory, What is the radial speed of the galaxy relative to Earth
Why do you suppose the portion of final goods expenditures that goes to pay for intermediate goods or raw materials is excluded from the income method of calculation?
What is total financial wealth in the economy? (Hint: Compute the financial wealth of people at the beginning of the first period of life, the beginning of the second period, and the beginning of the third period. Add the three numbers. Remember t..
Assume rubber hoses will be outlawed in 3 years due to water scarcity and watering regulations. My rate of interest on borrowed funds is 7.5%. What's the cash value of the firm if I want to sell it today
using the data growth.dta run three regressions where the dependent variable is growth and the regressors areregression
Consider the following sample of nine wait times measured in seconds at a drive through coffee shop. The population mean and standard deviation are 100 and 20 respectively. 125 95 66 116 99 91 102 51 110 a. What is the size of the sampling error i..
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