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Consider a game in which player 1 moves first. The set of actions available to player 1 is A1={A,B,C}. Without observing the choice of player 1, player 2 moves. The set of actions available to player 2 is A2={a,b,c}. How many possible outcomes does this game have?
Phelps-Dodge plans to expand capacity by purchasing equipment that will provide additional smelting capacity. The cost of the initial investment is expected to be $16 million. The company expects revenue to increase by $3.8 million per year after the..
There are three individuals in a community that is deciding whether to unveil a statue of Elvis. Individual 1 would receive a net benefit of 25 if the statue were unveiled. Individual 2's net benefit would also be positive and would be 20. What will ..
A company manufactures microchips. use the revenue function R(x)=x(75-5x) and the cost function C(X)=125=12x to answer parts A-E, where x is in millions of Chips and R(x) and C(x) are in millions of dollars. Both functions have domain 1 is less than ..
Explain how the government can stimulate the aggregate supply. What are the implications of using this stimulus to help stabilize an economy?
The process of being served at a bank consists of two parts—the time waiting in line and the time it takes to be served by the teller. What is the standard deviation of the total time (X+Y) it takes to be served at the bank?
Vertical intercept for the supply curve: -120 (NEGATIVE 120) Vertical intercept for the demand curve: 200 P*: $80 Q*: 600 A tax is applied to the market in the amount of $32 per unit. With the tax, sellers now receive a price of $60 per unit sold. Pr..
A struggling company currently has a total value of $700,000. It owes $500,000 from debt financing (assume these are loans from the bank if you wish). The value of the company to the owners is the difference between the total value and the amount owe..
Mr. Sam K. Jones, a successful businessman, is considering erecting a small building on a commercial lot.
Suppose that Bill cares only about chai and bagels. Her utility function is U=CB, where C is the number of cups of chai she drinks in a day, and B is the number of bagels she eats in a day. Draw Bills in difference MAP. Set up Bills optimization prob..
Use short-run supply demand analysis to indicate how equilibrium price and quantity will change if the following changes occur in the economy. Draw a supply and demand curve for each answer and provide a brief one sentence explanation. Potatoes are a..
Find the marginal rate of substitution between x and y for the following utility functions
Discuss how the need for control over foreign operations varies with firms’ strategies and core competencies. What are the implications for the choice of organizational structure and entry mode?
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