User Account

All Pages

What are dominant strategy

Assignment Help Microeconomics
Reference no: EM132282160

Three kids see $150 money on the street. Each student has 2 potential strategies, "Claim the money as his/her own (C)" or "not claim"(N)

If more than one person claim the money as their own, police will be called and no money gets any amount of money.

If nobody claims, police will also be called and no body gets any money.

However, if only one person claims the money, the person will get the whole amount of 150

How many Pure strategy Nash Equillibrium exist in the game and what are they?

What are dominant strategy here?

Can you please help draw the game theory table?

Reference no: EM132282160

Questions Cloud

Explain the difference between explicit and implicit costs : Explain the difference between explicit and implicit costs. State the advantages and disadvantages of the corporate form of business.
How is gender woven into or out of their account : What are the major transformations that are examined in this account? How is gender woven into or out of their account?
What does cultural competence really mean : Some social workers argue that the focus on "cultural competence" creates an expectation that cultural competence equals an end state that can be achieved once.
Determine the levels of consumption : Find the break-even level of income. (3) Suppose that income (Y) is $400. (4) Determine the levels of consumption, savings, APC, and APS.
What are dominant strategy : What are dominant strategy here? Can you please help draw the game theory table?
How much total output should it produce : (a) If the monopolist wants to maximize profit, how much total output should it produce? (b) What price should it charge?
What are the effects and potential effects of the policy : What are the effects and/or potential effects of the policy on the functioning of the economy as a whole-output, income, inflation, unemployment?
Why is the method of acting still so important today : Why is this method of acting still so important today? Why can't I just memorize the lines and be done with it? If I (as an actor) can conjure up emotions.
Do you think we still need feminism : Keeping in mind the reading that you have done for this week and your overall knowledge of feminism, think about the legacy of the feminist movement.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd