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Game Theory & Behavioral Economics
Game theory is in play in almost every situation that we see in life. Provide an example of a game that happens in life and provide insight into if the results are efficient if not how we can make it. What behavioral economic errors are people making in their decision make if applicable.
You are the owner of a fast-food restaurant. Given a new item that you recently advertised, you experience additional demand for your business that you do not want to ignore. Identify your fixed and variable costs at your fast-food restaurant,..
What might shift the aggregate-demand curve to the left Use the model of aggregate demand and aggregate supply to trace through the short-run and long-run effects of such a shift on output and the price level.
Provide a philosophical critique of the concept of ‘opportunity cost' to value inputs and outputs associated with large electricity infrastructure projects
Analyse and evaluate the extent to which the "sharing economy" is impacting the traditional hotel industry. Debate the pros and cons of government intervention.
Provide a detailed description of the issues that you have researched - Analyze the most significant economic effects of the researched issues on healthcare industry.
Determine the firm's profit function and the level of output at which Firm Perfcomp should produce in order to maximize profits. Confirm that this quantity represents maximum profits for the firm by using the second-order condition.
Why would you choose one strategy over the other (take into account what product or service you might sell and in which country you may do so)?
Identify a recent entrepreneur who demonstrated a successful harvest strategy or an unsuccessful harvest strategy and explain the factors contributing to failure (if unsuccessful) using the Capital Cow. (need another example besides Martha Stewar..
the cost of producing 600 small fiberglass sailboats per year and the cost of producing sails and fittings necessary to
phillips industries manufactures a certain product that can be sold directly to retail outlets or to the superior
Critically evaluate the two main utility theories
Describe the difference between frictional and structural unemployment. Explain the reasons why each type of unemployment may arise.
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