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Define y explica el equilibrio de Nash. Define y explica que es un juego normal. Define y explica qué es una estrategia mixta
How many trips would Veronica make if she were risk-neutral? Would Veronica's preferred strategy change if the bus fare were increased to $3?
If you want the fund to be able to award two $25,000 skater-ships a year in perpetuity, how much do you need to deposit into the fund now?
Discuss the nonbinding price ceiling would become binding and the market would find a method other than price to ration the good to buyers.
What specific activities are being incentivized by this tax structure? Do you expect that these taxes would be progressive, regressive, or proportional?
What are the impacts of government and market imperfections (failures) on the price elasticities of demand and supply?
A city plans to upgrade its storm water management infrastructure. What is the capitalized worth of the project? What is the EUAC of the infrastructure?
Explain the comparative advantage concept in the case of 2 countries of your choice.
The marginal cost of the 36th unit of output is P7. If the firm choose to produce the 36th unit of output, what will happen to average variable cost? Explain.
What is total product, average product, and marginal product? What is the law pf diminishing marginal returns?
Would cause a shift to the right in the supply and as a result the earnings of those who studied will decrease? Why or why not?
Explain, USING DIAGRAMS, why the profit-maximizing choices of a monopoly firm lead to allocative inefficiency (welfare loss) and productive inefficiency.
Draw, and clearly label, the market for vinyl records. Identify equilibrium (E1), as well as the equilibrium price (P1) and quantity (Q1).
Describe the factors U.S. cellular service providers have taken to avoid market failure at a macro-level.
What is the total cost of doing this with an equiproportionate decrease in emissions? List your response as a number in the box, and do not include the dollar s
What are investment, taxes, private saving, and national saving? What are private saving, public saving and national saving?
What does the calculated elasticity imply about the relationship between peanut butter and jelly for this consumer? Show all work.
In the mixed strategy Nash Equilibrium, what is the probability that both countries end up cleaning the river?
What is the reason to write (h, yes) and (h, no)? What is the terminal history talking about in plain words?
Consider a closed economy with GDP = $21 trillion, consumption = $12 trillion, government purchases. What is the amount of investment in the economy?
Determine whether the following statements are true or false and justify your answer. If you make a claim without support, no credit will be awarded.
Calculate the economic cost and economic profit for Katso's Pet Salon. Would an accountant come to the same conclusion about the profitability of this firm?
Define and illustrate the production possibilities curve for this economy. Define the notion of competitive equilibrium and illustrate it on this diagram.
What led to the big increase in inflation rate? What are some of the economic consequences of high inflation?