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How would a Prison's Dilemma example show that rational self-interested play does not always result in the best solution for all parties.
At WholeFoods in Davis, the prevailing price for SmartWater is $1.80/Liter, and for FIJI Water is $2.40/Liter, if these products are priced to be consistent with an average WholeFoods shopper’s preferences, what do these prices reveal about his prefe..
List and discuss the five key elements of the airport master planning process. What is a SWOT analysis? Why is it important for planners to first go through this analysis before planning?
[Some Hints: You need to discuss the benefits (gains) and costs of 'trade liberalization (trade openness)' and 'trade barriers (trade autarky)'.
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price?
Analyze how increasing the investment tax credit given to firms that make expenditures on new capital affects the dispersion of earnings. Describe the expected effects that college scholarships based on (i) student ability, and (ii) student need are ..
A decision at the margin Bob is a hard-working college freshman. One Tuesday, he decides to work nonstop until he has answered 150 practice problems for his economics course. He notices that as he gets tired, it takes him longer to solve each problem..
Explain the difference between a “pull” promotional strategy and a “push” promotional strategy. Under what conditions should each strategy be used? Give an example of a 'Pull Strategy' that you have experienced.
List each environmental trend and provide an example of the type of business idea that it might create.
A typical firm in a constant cost industry and a perfectly competitive market made negative economic profits last period. This period, Select one: a. the firm will produce the same amount. b. the firm's profits will decrease. c. market price will dec..
This week requires the student to address six unresolved issues in macroeconomics, each of which is central to current political debates.
Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be advisable to hold excess reserves.
Are there individuals who choose not to be covered by health insurance; and why? Why medical insurance require copays? Are they necessary? How are they determined? What's the reasons for having health insurance coverage? Are different levels to healt..
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