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Alice and Betsy are playing a game in which each can play either of two strategies, leave or stay. If both play the strategy leave, then each gets a payoff of $300. If both play the strategy stay, then each gets a payoff of $600. If one plays stay and the other plays leave, then the one who plays stay gets a payoff of $C and the one who plays leave gets a payoff of $D. For which values of C and/or D is the outcome (leave, leave) a Nash equilibrium?
Entrepreneurship has become the new way of doing business in our world. With economies in decline and organizations downsizing and the lack of opportunities that satisfy, entrepreneurship has been born.
Government could address the problem with increasing government spending, cutting taxes, or both. If the government decided to increase spending to address the problem, by how much should spending be increased? What could happen to make the policy y..
During much of the 19th century in Great Britain, independent auditors were not only allowed to have an equity interest in their customers but were needed to invest in their clients in certains circumstances.
For what range of interest rates could these firms use trigger strategies to support the collusive level of advertising.
Real wealth which capitalists pull out of market must somewhere enter market. What is this hidden mechanism.
If you were macroeconomic policymaker, how do you balance the short-run tradeoff between inflation rate and unemployment rate? Explain. What is the historical relationship between rates of unemployment and inflation in the U.S. economy? What are the ..
“While inequality has risen among most developed countries, and especially English-speaking ones, it is highest in the United States” Discuss the validity of the above statement in comparing & contrasting the income inequalities in US with one of the..
Not long ago an employee came into my office asking for a wage increase. I responded by asking what increase in productivity the employee brought to the University in order to merit such an increase.
A sum of money invested at 10% interest, compounded quarterly, will quadruple in amount in approximately how many years?
Political participation is the bedrock of representative democracy. What are some of the major forms of political participation afforded to US citizens? Compare and contrast (similarities and differences) the forms of participation and strategies use..
Consider a small economy in which consumers buy only two goods pies and tarts. In order to compute the consumer price index for this economy for two or more consecutive years.
Assume a local producer of beef cattle wishes to remain at the same level of output when the input cost of corn increases but the substitute input milo does not increase, what will the producer do to remain at the same level of output?
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