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Question: the following variant of the Let's Make a Deal game. Again one of the three boxes contains a prize, but now there are two players, 1 and 2. Assume Player 1 picks Box A and Player 2 picks Box B. The host (who again has perfect knowledge) opens Box B, which contains junk, and Player 2 leaves the show. Player 1 can either stay with Box A or switch to Box C. Using Bayes' theorem, show that now it does not pay Player 1 to switch, that is, the probability Player 1 will win with Box C is 1/2, the same as the probability Player 1 will win by staying with Box A.
Consider a self contained city, in which all workers live in the city. The initial equilibrium wage is Wo and the initial equilibrium employment level is No. The city receives a grant from the state to increase its marketing efforts to attract touris..
The demand curve of a company is given by P=2000-50Q. What is the price elasticity of the demand curve if the price is Rs500? At what price, if any, the product has unitary elastic demand? What can be inferred from this?
Suppose you make 11 minimum monthly payment and then pay off the entire loan on the last day of the year. What is the amount of your last payment?
Why is the residual mean value important to a forecaster
At what price and quantity combination is equilibrium? What is the slope of the demand curve equation? What is the slope of the supply curve equation?
What are two arguments against productivity growth as an explanation of the large U.S. current account deficits.
A number of stores offer film expanding as a service to their consumers. Assume that each store that offers this service has a cost function C(q)=50+0.5q+0.08q2 .
Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in global growth.
How Amanda's expenses will be entered in the U.S. balance of payments accounting for a given year?
Two of the companies should be more likely to use job costing - write a one paragraph description of the business of the company.
What is the price elasticity of demand for courses at the universities that increased their fees by 30%?
1) Identify which of your interests you could shape into a business opportunity. Be sure to think big. For instance, if you love being with friends and listening to music, a club promotion business might make sense for you. Identify and discuss..
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