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Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. One group of residents has a demand curves for public health information of the form Q = 50 - P. Here Q is the number of public health broadcasts per month and P is the price per broadcast. Another group has a demand curve of Q = 140 - P.
some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is, as long as everyone chooses the same side. Otherwise, everyone may get hurt. Is there a Nash equilibrium in this g..
q.a friend of yours is considering two cell phones service providers. provider a charges 120 per month for the service
Apply the decision-making model developed. What are the basic steps in all types of decision making processes.
List all of the friends and relatives you have who are working for an export industry, or for a foreign-owned firm, or all the foreign-owned firms in your city or town. Under what conditions do people advocate for TRADE RESTRICTIONS?
Suppose the nominal interest rate is rn and inflation is i. Assume 0
Suppose that the firms in an oligopolistic market engage in a price war and, as a result, all firms earn lower profits. Game theory would describe this as what?
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
Why do you suppose that employment growth is about 20 percent greater in unlicensed occupations than in licensed occupations? What do you suppose a typical state government does with the millions of dollars of occupational license fees it receives ea..
While sitting in your office one evening, you begin to think about some of key microeconomic messages you want to communicate to Board. Find equilibrium quantity and price.
Does the covered interest parity condition hold? Why or why not?b. How could you make a riskless profit without any money tied up assuming that there are no transaction costs in buying and or selling foreign exchange?
Currently, there is a $0.50 copayment on drugs. The HMO has decided to raise this to $1.00 per prescription. The cost of a prescription is $6.00, which mean the HMO's contribution to the total cost will fall from $5.50 to $5.00. How much will be dema..
A random variable X is normally distributed with a mean of 100 and a variance of 500, and a random variable Y is normally distributed with a mean of 200 and a variance of 400. The random variables have a correlation coefficient equal to -0.5. Find th..
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