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The "Battle of Sexes" is a famous game. The story is that a couple tries to decide what to do on a Friday evening. The girl prefers to go to an Opera and the guy prefers to go to the football, but they will be very sad if they go alone to an event. The payoff is the following. Find all the equilibrium (including mixed ones) in this simultaneous game.
Player 2 (Guy)
Opera
Football
Player 1 (Girl)
2, 1
0, 0
1, 2
Let Consider the following insurance market. There are two states of the world, B and G , and two types of consumers, H and L, who have probabilities p H =0.5 and p L
explain the theory of consumer behavior from the utility perspective
PLEASE GIVE ANY ONE TOPIC OF ECONOMIC WITH ANSWERS
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why constant return to scale is important
RATIONAL EXPECTATIONS AND ECONOMIC THEORY : Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic age
Problem: (a) "Economics is the study of how society decides what, how and for whom to produce". Describe the importance of opportunity cost to a society. (b) Distinguish bet
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