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To Vote or Not to Vote: Two candidates, D and R, are running for mayor in a town with n residents. A total of 0 < d < n residents support candidate D, while the remainder, r = n − d, support candidate R. The value for each resident for having his candidate win is 4, for having him tie is 2, and for having him lose is 0. Going to vote costs each resident 1.
a. Let n = 2 and d = 1. Write down this game as a matrix and solve for the Nash equilibrium.
b. Let n > 2 be an even number and let d = r = n/2. Find all the Nash equilibrium.
c. Assume now that the cost of voting is equal to 3. How does your answer to (a) and (b) change?
Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organization's interactions outside the United States. Describe the issue and provide an overview of how became an issue in the org..
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The question is belongs to economics and it is explain about If drugs and food each cost $1 per unit, and the PH has $20 is cash, how much D and F will he consume? Is the PH better off with $20 in cash, or with $10 in cash and $10 in food vouchers..
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Each demand curve must eventually hit the quantity axis because with limited incomes there is always a value so high that there is no demand for the good.
Consider the relationship given by QCars = 100 + 4xPCars - 2xPSteel - 0.2xPWorkers, where QCars is the quantity of cars (in thousands), PCars is the price of cars and PWorkers is the wage earned by autoworkers.
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"In a closed economy, if the money stock is held constant by the central bank, an increase in the government de?cit does not have either short-run or long-run effects on aggregate demand and output." Discuss in the context of the neoclassical mode..
Why was it an economic hardship on a farmer when an indentured servant died? The farmer would pay a fee to the government for losing a worker.
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