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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 a bank reserves of $100 million and checking deposits of $700 million, how much are the bank's: (a) required reserves? (b) excess reserves?
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market.
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the “knife’s edge model”?
What is the equilibrium output and price level? If aggregate demand shifts right, what is equilibrium output? If aggregate demand shifts left, what is equilibrium output?
At the same time some internet trades such as grocery home deliveries have continually suffered steep losses regardless of scale.
A machine, purchased for $45,000, has a depreciable life of 4 years. It will have an expected salvage value of $5,000 at the end of the depreciable life. Using the straight-line method, what is the book value at the end of year 3?
What is the impact on the demand curve facing an individual firm in the short run - What happens to output produced by an individual firm in the short run?
Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that are willing to pay a price of $25 for a pair of Levis Jeans, and a low-end type customer that are w..
Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
What is a stream of historical data known as?
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
q.a social scientist claims that the average adult watches less than 26 hours of television per week. he collects data
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