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What factors account for the regional inequality (as measured in GDP) per capita between Germany and Portugal?
Find a real world example of a game-theoretic situation, in which one “player” gains by making a strategic move. Briefly describe the situation. Is the strategic move a commitment, a promise, or a threat? What does the player do to make her/his strat..
When abdominoplasty costs were $6,000, Dr. Hurwitz treated 300 patients. When they dropped the price to $5,000, customers increased to 400. What is the elasticity of demand for abdominoplasty using arc elasticity or the midpoints formula (rounded-off..
Draw a supply-demand diagram of the foreign exchange market for the dollar (valued in “euros”) and don’t forget to label the axes. In this market, who demands dollars? Who supplies dollars?
The cost to a cinema owner of letting someone see a movie for free is
If we had efficiency in the duopoly, what would the market quantity and price be? How does this compare to your answer?
Find the gradient of Q b. Find the Hessian of Q c. Denote the initial K = 10,000
Periodic outlays for inventory control software at Baron Chemicals are expected to be $280,000 immediately, $280,000 in 1 year, and $200,000 in 2 years. What is the present worth of the costs at an interest rate of 3.92% per year, compounded continuo..
In the early 1880’s cigarette-rolling machinery became available. Prior to this all rolling was done by hand. The machines dramatically cut the cost of rolling cigarettes. But they were not fully automatic—they needed the permanent presence of an ope..
Since there is free mobility of resources, the perfect competitor can freely move in and our of a given perfectly competitive market. Economic profit involves explicit costs, while accounting profits involve implicit costs. The demand which a monopol..
Visit two or more social media sites and review information that people post about themselves and information friends post about them.
When you took NETI 105, you explored the "make-up" of various "wired" frame structures. Using a table format, show the similarities and differences of 802.11 frames and 802.3 frames.
How do you apply governmental intervention into game theory and its applicability to market behavior? Is governmental intervention predictable and probable?
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