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Question: The town of Grayling has 10 thousand residents who produce fish from fish farms and lakes. Each person who works on a fish farm produces 2 fish per day. Each person who fishes in a lake produces 10-X fish per day where X is the number of people (in thousands) who fish in the lakes. Each individual chooses the production method that gets them more fish. What is X in the Nash equilibrium of this game?
(hint: it must be the case that individuals choosing the lake are choosing their best response, and individuals choosing the farms are choosing their best response. How many fish are they catching?)
Referring to the 10-year historical period 1980-1990 discuss an example of a change in autonomous spending. Researches a government policy implemented during that time and discuss the multiplier effect it had on the economy.
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Jackie Robinson broke baseball's color barrier in 1947, which precipitated integration in all major league teams after 12 years.
figure describes the costs and benefits resulting from different sizes of a ski resort that is being planned in a
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