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In the game of Chicken what is the equilibrium if each player chooses sequentially as in Stackelberg?
On November 30, 1992, the student newspaper of the University of California at Berkeley illustrated a map identifying “high-crime” areas in Berkeley (see the figure attached). The 11 gray areas suffering more than 200 personal thefts and 75 burglarie..
For the period 1980-2010, how did the rate of growth of per capita GDP in China compare to that in the US? How did the rate of growth of technological improvement (broadly conceived) in the two countries compare? Give some examples of changes that ca..
Suppose that MC=4q, where MC is marginal cost. The perfectly competitive firm maximizes profits by producing 10 units of out output. At what price does it sell these units.
Draw a graph with “hours of typing” on the horizontal axis and “hours of filing” on the vertical. Do your indifference curves slope upward or downward? Why? Suppose you currently type for 3 hours a day and file for 5, but you’d be just as happy typin..
Suppose that the inverse market demand for silicone replacement tips for Sony EX71 earbud headphones is p = Pn - 0.1Q, where p is the price per pair of replacement tips, Pn is the price of a new pair of headphones, and Q is the number of tips per wee..
If the bidders at a first-price auction have true values of $8, $7, $6, and $5, the item will sell for a. just under $7 b. $8 c. $7 d. just over $7. If the bidders at a second-price auction have true values of $78, $72, $66, and $65, the it..
M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 9% with bond interest payable semiannually. Six years ago, $980 was paid for the bond. At least a 12% return (yield) on the investment is desired.
Dr. Frankenstein graduated from PSU in 2009 and entered the labor market seeking for a position. At the beginning of 2010 he found his first job in North Pole. But due to lack of skills required, he lost his job at the beginning of 2011. What are the..
Which of the following is true regarding the extent of shareholder’s liability to corporate creditors? a.A shareholder is Liable to the corporation’s creditors to the extent of the value of the shareholder’s corporate shares b.A shareholder is Liable..
The Medicare Access and CHIP Reauthorization Act (MACRA) of 2015, is another layer of federal legislation enacted to govern clinician payment process.
What kind of output gap does this economy have? How large is this gap? If the government wants to close the gap by changing autonomous taxes only, what should be the size and the direction of the change in T°?
Identify opportunities to apply innovation and creativity into decision making. Discuss how companies can achieve competitive advantage through business strategy?
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