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Imagine a game in which players 1 and 2 simultaneously and independently select A or B. If they both select A, then the game ends and the payoffs are (5,5). If they both select B, then the game ends with the payoffs (-1,-1). If one of the players chooses A while the other selects B, then the game continues and the players are needed to simultaneously and independently select positive numbers. After these decisions, the game ends and each player receives the payoff, where is the positive number chosen by player 1 and is the positive number chosen by player 2. Find out the Nash equilibrium of this game.
Elucidate how absolute also comparative advantages were used in your simulation. Elucidate the influences affecting foreign exchange rates.
Assume that the newspaper can't differentiate students from teachers and can only charge a fixed price per article.
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
In 2020, Ahmed decides to invest in a wind turbine that would produce and sell electricity to the local electric utility. He decides to buy a smaller, used turbine.
A university registrar who uses her experience with university admissions along with your high school grades, application essays, letters of recommendation.
Elucidate what happens to real GDP when it is initially to the right of the equilibrium point and why. Indicate two public policies which would be appropriate for addressing this situation.
Assume no change in current productivity or current labor supply in either country. What is happening to financial flows.
Mexico also which being free to pollute gives industries in Mexico an economic advantage over those in the U.S. also Canada.
Compute nominal GDP, real GDP also the GDP deflator for each year, using 20010 as the base year.
Assumes that wheat producers lobby the government for a price floor also receive one.
As oil prices rose during 2006, the demand for alternative fuels increased. Ethanol, one alternative fuel, is made from corn.
Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%.
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