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Tom and Jerry are playing Evens or Odds. On the count of three, each of them shows one or two fingers. If the sum of all the fingers is even, Tom wins; if the sum is odd, Jerry wins, and they rent a rom-com. Each of them gets a payoff of 1 for winning and 0 for losing.
a. Draw the normal-form matrix for "Evens or Odds".
b. Does this game have a Nash equilibrium (in pure strategies)? Explain.
What is Freedom? How Can we be free? Carefully explain what the concept of freedom is according to each thinker (If a thinker has more than one conception of freedom be sure to explain each conception). Then explain each thinkers theory of how we can..
What factors affected the demand and supply for health service and educational teachers during the last 10 years?
An on-line retailer sells 12,000 pairs of shoes each month. A pair of shoes costs $50 on average, and the retailer incurs an annual inventory carrying rate of 52 percent. For what value of fixed cost per order would an order size of 8,000 units per r..
Please write an essay explaining the two principles of taxation and give an example of each. Which principle do you think is the fairest and why?
The use of Native American mascots should not be banned. Over the last 10 years, many Native American tribes have pursued legal action against sports teams.
Explain, in economic terms, how this arrangement with Delta and United could have caused the value of SkyWest to increase so dramatically even though it limited the amount of profit the company could earn.
Which of the following is true about differences between men and women? Which of the following conclusions is probably most reasonable regarding gender differences in cognition?
Substantially dependent on minimally dependent on totally dependent on independent of
Consider how to apply the economic terms, supply, demand, elasticity, comparative advantage, consumer surplus, deadweight loss to the consumer market.
What is a good recommendation for the U.S. unemployment and inflation as a policymaker and why?
Identify the relative factor intensity of the sectors that Russia and VietNam have comparative advantage in, identify the relative factor abundance of countries
a) Unemployment is strongly countercyclical. Is this stylized fact of the business cycle fact consistent with the Business Cycle theory?
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