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The George Washington Bridge in New York City has two decks, the upper and the lower deck. Thousands of commuters into and out of New York City have to choose between them every day. The lower deck was originally intended for local traffic, so the approaches to it from the superhighways are a little less convenient. Let q be the proportion of all commuters who choose the upper deck and suppose that the time required to cross by the upper deck is T1 = 5+3q While the time required to cross the lower deck is T2 = 9.55-4q
Analyze this as an N-person game. Keep in mind that in this case, the time spent crossing the bridge is a penalty, not a payoff.
Comment on this trade-off between equity and growth. Explain how would you go about resolving the issue if you were the president of a small, poor country.
Describe the Board of Governors. Be sure to include the number of years that they serve and the importance of appointing them for that number of years, how many members are on the board.
A good is not depletable if:
Suppose the airline industry consists of two firms, A and B. These two firms engage in Cournot competition with each other over a certain route for which inverse demand is P(Q) = 1000 − Q with Q = qA + qB. Solve for the Cournot equilibrium price.
Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a brief description of the concerns and potential solutions for addressing the concerns or risks. Are there financial requireme..
From a social perspective, is the outcome of a Hoteling model without price competition efficient?
Which of the following signals to firm owners that scarce resources might be better allocated to a different industry?
What are the three most important attributes of successful organizations? Why? Is it more likely for an organization to display these attributes (to be successful) in an oligopoly than in monopolistic competition? Why or why not?
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. On average, noncust..
In a country with a labor force of 200 people, a different group of 10 people becomes unemployed each month but becomes employed once again a month later. No others outside these groups are unemployed. A. What is the country’s unemployment rate? B. W..
You have been asked to discuss the differences between the microeconomic definitions of supply and demand and the macroeconomic differences of aggregate supply and demand. Discuss what determines supply and demand and aggregate supply and aggregate d..
Discuss the laissez-faire and Keynesian schools of macroeconomic management, respectively. How do those approaches apply to the international economic systems of the pre-Bretton Woods and Bretton Woods systems?
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