I need help with this question. 749aqua ponicsed Quiz 4 i.InternationalFirm B's StrategiesNationalMC Qu. 14-253 (Algo) Answer the question based...Firm A's StrategiesInternational NationalA = $3MB = $3Mezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%2...A = $15MeconB = $5MMultiple ChoiceOA = $5MXB = $15MA = $17MGMM It bus scholarsB = $17M$5M for firm A and $15M for firm B.$15M for firm A and $5M for firm B.work$17M for firm A and $17M for firm B..shop$3M for firm A and $3M for firm B.Answer the question based on the payoff matrix for a duopoly, in which the numbers indicate the profit from following either an international strategy or a national strategy. If firm A chooses an international strategy and firm Bchooses a national strategy, then the payoffs will bestudy abroad +GEZG2200Saved< FrevNASA10 of 11GSEE A M fQNext >*******HelpSave & Exit+DSubmitA

A dominant strategy in economics is a course of action that is the best response for a player…

ed Quiz 4 i 49 MC Qu. 14-253 (Algo) Answer the question based... Firm A's Strategies International A = $3M B = $3M A= $15M B = $5M Multiple Choice National O A = $5M B = $15M A = $17M B=$17M Answer the question based on the payoff matrix for a duopoly, in which the numbers indicate the profit from following either an international strategy or a national strategy. If firm A chooses an international strategy and firm B chooses a national strategy, then the payoffs will be $5M for firm A and $15M for firm B. $15M for firm A and $5M for firm B. $17M for firm A and $17M for firm B. $3M for firm A and $3M for firm B. Saved Bray 10 11 !!! Help Moxt Save & Exit Subm

ed Quiz 4 i 49 MC Qu. 14-253 (Algo) Answer the question based... Firm A's Strategies International A = $3M B = $3M A= $15M B = $5M Multiple Choice National O A = $5M B = $15M A = $17M B=$17M Answer the question based on the payoff matrix for a duopoly, in which the numbers indicate the profit from following either an international strategy or a national strategy. If firm A chooses an international strategy and firm B chooses a national strategy, then the payoffs will be $5M for firm A and $15M for firm B. $15M for firm A and $5M for firm B. $17M for firm A and $17M for firm B. $3M for firm A and $3M for firm B. Saved Bray 10 11 !!! Help Moxt Save & Exit Subm

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter18: Public Economy

Section: Chapter Questions

Problem 20CTQ: To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that...

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Question 2Consider the case of Jonathan, who is a singlefather with one child. He can work as a serverfor $6 per hour up to 1,500 hours per year. Heis eligible for welfare and can receivegovernment support of $10,000 for notworking at all. If he works 1,500 hours, hisearnings would be______ and governmentsupport would be______.O a) 2.000; 8,000O b) 3,000; 7,000O c) 9,000; 1,000O d) 10,000; 0
Suppose that a large discount retailer with a lot of purchasingpower in a supply chain requires that all suppliers incorpo-rate a new information system that will reduce the cost of placing orders between the retailer and its suppliers as wellas between the suppliers and their suppliers. Suppose alsothat order quantities and lead times are related; the smallerthe order quantity the shorter the lead time from suppliers.Assume that all members of the supply chain use a continu-ous review system and EOQ order quantities. Explain the im-plications of the new information system for the supply chainin general and the inventory systems of the supply chainmembers in particular
64. (This problem assumes knowledge of the basic rulesof baseball.) George Lindsey (1959) looked at boxscores of more than 1000 baseball games and foundthe expected number of runs scored in an inning foreach on-base and out situation to be as listed in the fileP09_64.xlsx. For example, if a team has a man on firstbase with one out, it scores 0.5 run on average untilthe end of the inning. You can assume throughout thisproblem that the team batting wants to maximize theexpected number of runs scored in the inning.a. Use this data to explain why, in most cases,bunting with a man on first base and no outs isa bad decision. In what situation might buntingwith a man on first base and no outs be a gooddecision?b. Assume there is a man on first base with one out.What probability of stealing second makes an attempted steal a good idea?
A company is considering building a bridge across ariver. The bridge would cost $2 million to build andnothing to maintain. The following table shows thecompany’s anticipated demand over the lifetime ofthe bridge:Price per CrossingNumber of Crossings,in Thousands$8 07 1006 2005 3004 4003 5002 6001 7000 800a. If the company were to build the bridge, whatwould be its profit-maximizing price? Would thatlevel of output be efficient? Why or why not?b. If the company is interested in maximizing profit,should it build the bridge? What would be itsprofit or loss?c. If the government were to build the bridge, whatprice should it charge?d. Should the government build the bridge?Explain.
7. What assumption is most important to reach the conclusion that government regulation of risk on the job harms some workers? a. The assumption of perfect information b. The assumption of diminishing marginal returns to safety expen- diture c. The assumption that some firms have market power in the output market d. The assumption that it's costly for firms to reduce risk 8. Holding all else constant, the offer curve in a labor market where there is a trade-off between wages and risk of injury does NOT tell us: a. The possible wage-risk combinations that firms will offer in a labor market. b. The optimal matches between risk-averse workers and firms in a labor market. c. The equilibrium level of employment when risk is present d. The compensating wage differentials for various levels of risk.
If a government gains from unexpected inflation when it borrows, why would it choose to offer indexed bands?
Urban transit systems, especially those with rail systems, typically experience significant economies of scale in operation. Consider the transit system data in Table 11.4. Note that the quantity is in millions of riders.
What is the main factor preventing a large community from influencing policy in the same way as a special interest group?
Why is there asymmetric information in the labor market? What signals can an employer look for that might indicate file traits they are seeking in a new employee?
To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that pharmacies are allowed to sell in the United States. Sometimes this means a company must test a drug for years before it can reach the market. We can easily identify the winners. in this system as those who are protected from unsafe drugs that might otherwise harm them. Who ate the more anonymous losers who suffer from strict medical regulations?
What are the three problems that economists have noted with regard to command-and-control regulation?
Foreign exchange risk or exchange rate risk is a financial risk that occurs when a financial deal is denominated in a currency other than that of the base currency of the company. Explain the following types of risks that international firms are exposed to:a. Transaction riskb. Translation riskc. Economic riskFor each of the risks explained above, state three (3) ways of mitigating them.