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Consider the following 3 x 3 simultaneous-move game ("3 x 3" means that both players have three pure strategies).
(a) Given that all you know about the game is the above game table and that a, b and c is that they are three arbitrary constants, find all strictly dominated strategies for the players (Hint: One strategic consequence of introducing mixed strategies to a game is that now a pure strategy can be strictly dominated by a mixed strategy, which is the case for one of the players in the above game.)
(b) Find all (pure-strategy and mixed-strategy) Nash equilibrium for the above game.
1. The accompanying table shows a car manufacturer's total cost of producing cars.
You propose the following portfolio: 20% in A, 25% in B, 30% in C and 25 percent in government securities invested at the risk free rate. Suppose rate of return on A is 17%, B is 8 percent, C is 12%, risk free is 5 percent.
1.What is meant by the poverty trap? What design of benefit system would offer the best solution to the problem of the poverty trap?
Using the forecasts from 2005 through 2009, compare the accuracy of each of the forecasting methods based on the RMSE criterion.
What actions, if any, should policymakers take to increase employment andkeep the price level low? Please includethe following information in your answer?
question you are in the market for a new refrigerator for your companys lounge and you have narrowed the search down to
Using ISLM analysis, explain what would cause the aggregate demand curve to be steep.
Why might market-orientated supply-side policies have undesirable side-effects on aggregate demand?
Discuss and explain the concept of valuation with leverage. How could we determine the appropriate cost of capital for a project?
The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
Let the production function be given through, Assume the plant size (K) is fixed in the short run at 100.
David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week.
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