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This game is adopted from episode six of the Survivor Thailand television series that aired in fall 2002. Two players alternate in taking turns to remove some number of flags from a field with 31 flags. Each time it is a player’s turn, he may choose to remove 1, 2, 3, or 4 flags. The player to remove the last flag is the winner. Suppose you are the player to move first, how do you play the game to guarantee yourself a win? Please explain how you find the winning strategy.
Research and present one CEO (Chief Executive Officer) pay package. Does this CEO earn more money if the company performs well? What penalty does the CEO receive if the company does not perform well?
When a country is forced to buy and sell currency on the international foreign exchange market to maintain its currency's value, what type of exchange rate does it use?
Assume instead that the industry can sell any also all of its output at the fixed marketplace price of P = 120. Find out the industries optimal output.
Using a wholesale cost of $4 per case in each state, calculate the breakeven output quantities for each alternative.
if relatively more drug users are addicts rather than casual users, prohibition will be more effective. Is this statement true or false? Explain. the interest income that could have been earned on money invested in a college education is not relevant..
What is the primary driving force in a market economy?
Explain how would a citizen whose income is in the bottom one percent talk about scarcity and trade-offs.
If prices of x and y are doubled while the income remains the same, the budget constraint:
The lunch you buy in your school cafeteria is classified as: a) a consumer durable. b) a consumer nondurable. c) a service. d)either a consumer nondurable or a service because it fits into both categories.
Explain what is meant by a zero-sum game, and why it was central to Mercantilist thinking. Then, explain how Smith's idea of absolute advantage altered the nature of the "game."
In what sense does the Fed "create money"? Suppose that the minimum required reserve ratio for banks was 1/11. Also suppose that banks held no excess reserves and that currency in circulation was unchanged. What action in the Treasury bill market wou..
Write an explanation for an interrogatory senator outlining Explain how your expansionary acts would operate and illustrate what would be effects on economy.
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