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Game Theory Consider the following two-player game. Please answer the following two questions. Each are worth 10 pts. Player 2 đť’Ť đť’„ đť’“ Player 1 T 1, 1 0, 1 3, 1 M 1, 0 2, 2 1, 3 D 1, 3 3, 1 2, 2 B.1. Are there any strictly dominated strategies? Are there […]
Microeconomics Instructions: Problem 1 The demand and supply functions for hockey sticks are represented by the following equations, where Qd is the number of crates of sticks demanded, Qs is the number of crates of sticks supplied and P is the price per stick in dollars: Qd = 286 – 2P Qs = 88 + […]
capital market What role do interest rates play in allocating capital to different potential borrowers? What happens to market-clearing, or equilibrium, interest rates in a capital market when the demand for funds declines? What happens when expected inflation increases or decreases? How does the price of capital tend to change during a boom or a […]
2. Growth theory a. Go to canvas and retrieve the file “Growth theory work sheet.xlsx”, and make a copy of it (so you can go back to the original version if something gets messed up). b. Open the work sheet and find the column that contains the production function. Ignoring, for the moment the values […]
Micro Economics A group of 10 students are matched into pairs to play rock paper scissors. They must simultaneously make a shape with their hand; scissors beats paper, paper beats rock and rock beats scissors. The payoffs are R P S R 1,1 0,2 2,0 P 2,0 1,1 0,2 S 0,2 2,0 1,1 The game […]
1.What impact does the introduction of Indian cotton textiles have on Europe socially and economically? 2.Explain what a “high-level equilibrium trap” is in relation to population, and what led China to reach that by 1800. 3.In what ways did Napoleon change France and Europe? 4.What natural resources helped to prepare Britain to be the first […]
Writing Macroeconomics 201 Lecture #3: Supply, Demand, and Equilibrium 1. What are the assumptions behind the market demand curve? 2. What are the assumptions behind the market supply curve? 3. Draw a market supply curve and a market demand curve for a hypothetical widget market. Label the equilibrium price p* and the equilibrium quantity q*. […]
Micro Economics Question Q1. In Riyadh City Road traffic congestion is increasing day by day. As an economist how you see this problem? Suggest and explain an economist’s solution to this problem. (3 Marks) Q2. What is opportunity cost? Draw a Production Possibility curve for a country producing two goods and show with help of […]
What are the different forms of colorblindness? • Does the color of your iris affect your vision? (e.g. brown eyes versus blue eyes) • Where does “eye strain” originate from – muscles around the eye, muscles inside the eye, or something else? Special Senses – Hearing & Equilibrium • How do personal hearing aid devices […]
1. For a market, assume that the supply function is given by QS = 0.5P – 10 and the demand function is given by QD = 80 – 0.5P. a. Write out the inverse supply and demand functions. b. Find the equilibrium market price and quantity. c. A sales tax is levied on buyers with […]
