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In a short 2-3 paragaph response to the following:
a common resources game that asks "Should we drill another well or not?" Consider this game and describe what the dominant strategy is (as per your text). Consider what will happen if this becomes a repetitive game (both oil companies knowing they will share many oil fields over the next years). Will the dominant strategy survive, and-if not-what strategy could emerge as "best?" based on the scenario below:
A dominant strategy is a strategy that is best for a player in a game regardless of the strategies chosen by the other players (Mankiw, 2015, p. 354). A common resource can throw this off because they are the goods that are rival in consumption but not excludable (Mankiw, 2015, p. 481). In the scenario shown on page 358 of our textbook it lays out the possible outcomes of drilling one well or drilling two wells for two competing companies. The cost for these companies to drill a single well is 1 million dollars and 2 million dollars for two wells. So the potential profit minus cost for either of these companies can range from 3-6 million dollars (Mankiw, 2015, p. 358).
What are your worries about client relationships? What is your complete feeling about a position in Human Services
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Jean Phillips and Stanley Gully illustrate unfair discrimination occurs when employment decisions are based on factors such as race, sex, religion, ethnicity, or a person's disabilities.
Please explain who is liable on the contract to purchase purchase 100 gallons of milk from Jim (e.g., Nora, Henry, both). If you believe both Nora and Henry might be liable, please describe the type of shared liability rules applicable to them.
The National Association of Realtors reported the median home price in the United States and the increase in median home price over a five-year period (The Wall Street Journal, January 16, 2006). Use the sample home prices shown here to answer the..
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Green Valley Mills manufactures carpet at plants in St. Louis and Richmond. The carpet is then shipped to 2-outlets, located in Chicago and Atlanta.
How does informational Strategy (IS) impact the 3 managerial levers: organizational, control and cultural?
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How might you deal with an employee who displays a poor self-esteem and must be at least 200 words Explain
Diverse workforces and intergenerational friction - Explain what are some possible sources of intergenerational friction? How might you deal with that?
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