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Three men claim to be the fastest gun in the West. To see who is right, they agree to meet at a desolate location in a desert. On a circular, cobblestoned area that is roughly 50 yards in diameter, each stands at the perimeter such that each man is equidistant from the other. Each man has two bullets in his gun and one piece of information. That information is the probability of each man hitting anything he shoots. Good hits his target 100% of the time. Bad hits his target 95% of the time. Ugly hits his target 1% of the time.
Suppose this is a sequential game and Ugly goes first, what is his optimal strategy? To answer this, you must first determine the set of strategies for each man.
If this is a simultaneously played game, what is each man’s optimal strategy? Again, you must list their available strategies.
If as price decreases by 10 percent, total revenue increases by 5 percent, what is true about demand? In 2014, India substantially increased its import tariff on sugarcane. Which of the following would the model of supply and demand not predict?
A struggling company currently has a total value of $700,000. It owes $500,000 from debt financing (assume these are loans from the bank if you wish). The value of the company to the owners is the difference between the total value and the amount owe..
An entrepreneur took a one-month leave of absence. Elucidate how many units did she have to sell To facilitate turn a profit
Under which type of market structure is the firm's pricing decision the most difficult?
Suppose a consumer's preferences can be described. Derive the customer's marginal rate of substitution at the point.
Explain why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run.
Monsanto, Corp paid dividends of $2.80 last year. Over the next three years the earnings and dividends are expected to grow by 10% per year. Thereafter, assume that the dividends will grow at a 5% rate forever. If investors required return on Monsant..
A state meat inspector in Iowa has been given the assignment of estimating the mean net weight of packages of ground chuck labeled "3 pounds.
A private-equity company is confident that by terminating Russell's money losing fruit-flavored beer coolers and by selling the women's hosiery division free cash flow can be increased $4 million annually for the next decade. Assuming these actions d..
What is the present value of costs under option A? Under option B? Which is the better option? (b)* Given that she is going to stay in business for another seven years, should she be considering other options??
"Senior citizens deserve an income that will allow them to live in comfort for their remaining years."
Illustrate what are some cultural considerations when managing a global project. How might legal and political implications influence global project selection.
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