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Consider the following strategy prole. All students of all types announce they are type 12. Ben identies all students (regardless of their announcements) to be equally likely to be each type, and assigns them all grade 6. Regardless of whether or not this strategy prole is an equilibrium, what payos would result for each type of student and what average payos would result for Ben? Notice that, given the choices of the students, Ben is assigning grades optimally. Explain carefully whether or not this is an equilibrium.
Assuming an upward-sloping AS curve, if an economy is at full employment and investment spending decreases while all other levels of spending remaining constant, then the price level
Suppose the Fed conducts an open market sale by selling $10 million in Treasury bonds to Acme Bank. Sketch out the balance sheet changes that will occur as Acme restores its required reserves (10% of deposits) by reducing its loans.
Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
Assume that the dairy industry is initially in a perfectly competitive equilibrium. Assume that, in the long run, the technology is such that average cost is constant at all levels of output. Suppose that producers agree to form an association and be..
In the short-short run a firm
Explain how incomplete information can cause market failure. Give at least one example of this type of market failure and explain how government intervention has been used to correct the problem. How effective has this form of intervention been? Use ..
The narrator is consumed by the idea that human begings do not actually have free will. How is his free curtailed on the nadir, and how does he fight back.
The Charm City Bakery makes coffee cakes and Danish pastries in large pans. The main ingredients are flour and sugar. There are 25 pounds of flour and 16 pounds of sugar available. Formulate a linear programming model for this problem. Find the optim..
Explain how advertising did or did not play a key role in your decision to purchase which product. Why might it be excessive at times.
On the basis of this information, Explain how would you state alcohol also marijuana.
Illustrate what is the marginal revenue from selling another book for the author. Explain how does it compare to the marginal revenue
q.you work as a sales representative for a major pharmaceutical company. most of your time is spent driving to
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