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What is game theory and who invented it and what date was it invented? Why is it important?
Consider the taco stands on State Street. Suppose that the taco market on State Street is a perfect competitive market, where all taco stands are exactly the same (i.e. producing the exact same tacos and having the exact same cost features). The mark..
Outdoor World, Inc. is a retailer of sporting goods, equipment, and accessories for use in outdoor sports and camping. This week, the manager of Outdoor World places an advertisement in the newspaper "Coleman Tents- 50% off-This Week Only! Does the m..
The alumni agreed to buy his remaining years on the contract by paying him the equivalent present sum, computed using a 12% interest rate.
Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and make informed decisions. For this assignment, you are required to research data related to an econom..
Illustrate what occurs to consumer also producer surplus when the sale of a good is taxed
Which of the following statement is true concerning a 2x2 game matrix in which every cell has different paryoffs (the are no "ties") ?
Elucidate how long must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
explain how many car companies will buy a new car assembly machine. Interest payments are made once a year.
Consider what is "natural" about the natural rate of unemployment. Why might the natural rate of unemployment differ across countries?
Derived demand is directly determined by the profitability of using inputs to produce output. The demand for inputs is derived from the market demand function. With inelastic demand, aprice increase produces lower marginal and total revenue. Two prod..
Consider the fictitious good Derp. The demand for Derp is Q=1200-2P. Suppose the supply of Derp is given by Q=-600 +2P. What is the equilibrium quantity of Derp? What is the price elasticity of demand at the equilibrium price and quantity?
For theEssay, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course.
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