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On Friday night, Elton and his partner Rodney are deciding where to go for dinner. The choices are Indian, Korean, and Mexican. Elton most likes Indian food and most dislikes Mexican food, whereas Mexican is Rodney’s favorite and Indian is his least favorite. Each cares about the food but also about dining together. As long as the food is Indian or Korean, Elton prefers to go to the restaurant he thinks Rodney will choose. However, he abhors Mexican food and would choose to dine alone at either the Indian or the Korean restaurant rather than joining Rodney at the Mexican place. As long as the food is Mexican or Korean, Rodney will decide to go where he thinks Elton will choose. However, Rodney is allergic to some of the Indian spices and prefers dining alone to eating Indian food. Both of them are at their separate workplaces and must simultaneously decide on a restaurant. Find all Nash equilibria.
How does this change the value generated by the market? Why do you say this? Where does this appear in your graph.
Divide the Banzhaf power index by the number of votersin state. Are votersin small states or are votersin big state more powerful, according to this measure.
Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company’s revenues and profits from an individual drug once it loses its patent protection. Then identify at least one strategy the company can use to mitigate..
Which is a characteristic of the German health care system?
After rallying for the most of February to reach record highs late in the month, the S&P 500 stock indez fell sharply on Friday March 6 following news that the economy added 295,000 jobs, bringing the unemployment rate down to 5.5%. An analyst has be..
Overhead at the water cooler the demand also cost estimate which were provided at the meeting are very useful.
Suppose that the world price of oil is roughly $60 per barrel and that the world demand and total world supply of oil equal 34 billion barrels per year (bb/yr), with a competitive supply of 20 bb/yr and 14bb/yr from OPEC. The equation for the long-ru..
In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
terrorist attacks on the World Trade Center and the Pentagon affected short and/or long-term productivity in the United States. Explain your response and show any movements in the PPF.
Economies of scale exist whenever:
What is a market niche, and how does it apply to Taza's business model? What types of companies compete with Taza? What role has technology played in Taza's success? Describe the entrepreneurial profile. In what ways does Larry Slotnick display these..
Do you think governments should step in and help an economy move to potential or are "markets" capable of fixing themselves? Carefully consider the impact of falling prices.
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