Find the Nash equilibria of the following strategic game. Player 2 L R 2;2 1;1 0;0 Player 1 0;0

Q: 60. In a perfectly competitive market, which of the following will increase the economic profit the ...

A: As the demand increases, the demand curve shifts towards right and will intersect the original suppl...

Q: Explain, with the aid of a graph, the effect on the rand/dollar exchange rate and the equilibrium qu...

A: The exchange rate communicates the bilateral price of the foreign currency in terms of the home curr...

Q: 7. Compute for the number of blocks that an ice plant must be able to sell per month to break-even b...

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If ...

Q: 4. Velocity and the quantity equation Consider a simple economy that produces only pens. The followi...

A: 2018 velocity can be calculated as follows: MV=PY360×V=9×800360V=7200V=20 Thus, the 2018 velocity of...

Q: explain why there is an Anti-globalist movement

A: Globalization refers to when an economy opens ups its boundaries to make exchange of various social,...

Q: 2.7 Diminishing Returns? An economy increased employment first from 10,000 to 20,000 and then from 2...

A: Diminishing marginal returns occur we hold some input fixed​ and increase the amount of the variable...

Q: Demand Equation: QX = 30 - 2.PXInverse Supply Equation: In an economy with PX = (QX / 2) - 5, answer...

A: We have the following information- Demand Equation: QX = 30 - 2.PX Inverse Supply Equation:  PX = ...

Q: 10. An industry currently has 100 firms, each of which has fixed cost of $16 and average variable co...

A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the f...

Q: Macroeconomics question a,b and c

A: a. 2006 is the base year. For 2006 the total quantity of long beans bought is 100 strands, 50 kilos ...

Q: Explain what is Perfect Competition with example and list 3 features of PerfectCompetition market?

A: There are different type of market structures like Perfect Competition, Monopoly , Monopolistic Comp...

Q: How is the poverty rate calculated? What is the poverty line?

A: The poverty line refers to the number of people below a certain level of income. It states the minim...

Q: consider a consumer who consumes only two goods :peas and beans. She has an income of K10, the price...

A: Since you have posted a question with multiple sub- parts, we will solve first three sub-parts for y...

Q: Question 20.20  Movie theaters charge lower prices to see a movie in the afternoon than in the eveni...

A: In a market, a firm generally make their pricing policy according to the elasticity of demand and su...

Q: C = 450 + 0.4Y I = 350G = 150X = 70Z = 35 + 0.1Y T = 0.15YYf = 1550 Calculate the tax revenue to the...

A: T = 0.15Y To get the tax revenue we need to first calculate equilibrium income, 

Q: Assume that apples are produced in a perfectly competitive market. Columbia’s Orchard is a typical f...

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first question...

Q: A local drama company proposes a new neighbourhood theatre in Vancouver. Before approving thebuildin...

A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the f...

Q: Albion is a company that produces bricks and cement in the UK. Their largest consumer is ConstrUK, a...

A: The utility function, U(x,y)=xb10y1-b10 If b = 4, the function is  U(x,y)=x410y1-410U(x,y)=x410y610U...

Q: Q30 The theory of consumer choice   underlies the concept of the supply of a particular good.   ...

A: The theory of consumer choice examines how consumers make utility-maximizing decisions. The theory o...

Q: Explain THREE policies/strategies that can be implemented by a government to improve the accuracy of...

A: The three policies that can be adopted by the government to improve the accuracy of labor are: 1. An...

Q: 70. In a perfectly competitive market, industry demand is given by Q = 1000 – 20P. The typical firm’...

A: In a competitive industry there are large number of firms producing identical products thus each fir...

Q: Eleanor spends all of her money on comic books and donuts. In 2012, she earned $15.00 per hour, the ...

A: x- comic book y- donut Budget constraint: 5x + 3y = 15

Q: 1.1 Economic models that assume that wages and prices adjust freely to changes in demand and supply ...

A: Economic models that assume that wages and prices adjust freely to changes in demand and supply are ...

Q: What is the reason behind the Federal Reserve to keep rates near zero until  full employment, inflat...

A: Fed encourages to keep interest rates near zero to enhance exonomic activities.

Q: Q11 If the price elasticity of demand for a good is 0.4, then which of the following events is consi...

A: Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price

Q: Let’s assume that a country in the Caribbean reports the following labour statistical data to its ci...

A: We have the following information about a country in the Caribbean regarding its labour statistical ...

Q: a) What is the equilibrium wage rate and equilibrium level of employment? A. $15 and 35 units of la...

A: Perfect competition refers to the situation where there are large number of prouder and consumers ar...

Q: 67. In a perfectly competitive market, industry demand is given by Q = 1000 – 20P. The typical firm’...

A: In a perfectly competitive market, P=MC so keeping P in place of MC: MC=(2/3)Q P=(2/3)Q So, quantity...

Q: Demonstrate a willingness to critically assess the impact of economic policies on economic efficienc...

A: These are the various economic policies adopted by the government in order to economic efficiency in...

Q: Explain the macroeconomics in the context of following;a. Aggregate supply and demandb. Shifts in th...

A: Macroeconomics is studied to learn about to broader components of an economy, such as AD-AS, inflati...

Q: Explain, using examples, the difference between the following: Explicit Costs and Implicit Costs De...

A: 1. When a firm forgoes the potential to earn money from the utilization of its own resources elsewhe...

Q: A 75,000-ton limestone quarry cost $2,000,000 to develop. Annual gross income for the quarry in year...

A: Given: A 75,000-ton limestone quarry cost- $2,000,000 The Annual gross income is estimated at at- $1...

Q: The use of quarterly data to develop the forecasting model Yt = a +bYt-1 is an example of which fore...

A: The forecasting refers to the prediction technique for a certain situation taking into consideration...

Q: Required Return If the risk-free rate is 3 percent and the risk premium is 5 percent, what is the re...

A: Required return can be calculated as follows: Required return=Risk free rate+Risk premium=3+5=8%

Q: Write an introductory introduction on economics and marketing?

A: Answer - Introduction of economics:- Economics is  file which help us understand the uses of resourc...

Q: (b) A garment factory’s production function is provided in the table.The gross profit per unit (diff...

A: Given: To Find: If the wage rate is $1,000 a week, how many workers should the factory hire factor...

Q: 31. Based on the above figure, for which of the following levels of output at Ike's Ice Cream Kitche...

A: Given the cost curves, the relationship between cost and product curves is that when  MC= AVC, Then ...