Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 Game Free-Throw Percentage 80 70 60 Average Free-Throw Percentage 50 40 30 20 10 2. 3 4 GAME ou can think of the result in any one game as being Jake's marginal free-throw percentage. Based on your previous answer, you can deduce that when Jake's marginal free-throw percentage is above the average, the average must be pu can now apply this analysis to production costs. For a U-shaped average total cost curve, when the marginal cost curve is below the average total ost curve, the average total cost must be Also, when the marginal cost curve is above the average total cost curve, the average total ost must be Therefore, the marginal cost curve intersects the average total cost curve FREE-THROW PERCENTAGE

Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 Game Free-Throw Percentage 80 70 60 Average Free-Throw Percentage 50 40 30 20 10 2. 3 4 GAME ou can think of the result in any one game as being Jake's marginal free-throw percentage. Based on your previous answer, you can deduce that when Jake's marginal free-throw percentage is above the average, the average must be pu can now apply this analysis to production costs. For a U-shaped average total cost curve, when the marginal cost curve is below the average total ost curve, the average total cost must be Also, when the marginal cost curve is above the average total cost curve, the average total ost must be Therefore, the marginal cost curve intersects the average total cost curve FREE-THROW PERCENTAGE

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 11SCQ: The state of Colorado requires oil and gas companies who use fracking techniques to retune the land...

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The state of Colorado requires oil and gas companies who use fracking techniques to retune the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefits (in dollars) of this policy. Calculate the marginal cost and the marginal benefit at each quantity (acre) of land restored. See Production. Costs and Industry Structure if you need a refresher on how to calculate marginal costs and benefits. If we apply marginal analysis, what is the optimal amount of land to be restored?
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Becky and Sarah are sisters 1who share a room. Their room can easily get messy, and their parents am always telling them to tidy it. Here are the costs and benefits to both Becky and Sarah, of taking the time to clean their room: If both Becky and Sarah clean, they each spends two hours and get a clean room. If Becky decides not to clean and Sarah does all the cleaning, then Sarah spends 10 hours cleaning (Becky spends 0) but Sarah is exhausted. The same would occur for Becky if Sarah decided not to cleanâ€”Becky spends 10 hours and becomes exhausted. If both girls decide not to clean, they both have a dirty room. What is the best outcome for Becky and Sarah? What is the worst outcome? (It would help you to construct a prisoners dilemma table.) Unfortunately, we know that the optimal outcome will most liker not happen, and that the sisters probably will choose the worst one instead. Explain what it is about Beckys and Sarahs reasoning that will lead them both to choose the worst outcome.
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Intermediate MicroeconomicsProblem Set 10.Submission options:â€¢ in person during lectures or TA sessions;â€¢ in Xiaoye Liaoâ€™s mail box at 19 West 4th, 6th Floor;â€¢ (less recommended) e-mail Xiaoye Liao atxl775@nyu.eduâ€“ in that case, be sure to use the subject line: â€œSubmission Problem Set 10â€.Exercise 1Consider a game of rock-scissor-paper. There are two players, player 1 and player 2,and the winner receives $1 from the loser (if they draw, nothing happens). They playthis game simultaneously.1. What kind of game is this? Express this game in normal form.2. What are the set of possible actions and strategies?3. Find all Nash equilibria of this game.Exercise 2Consider a game represented by the following payoff matrix. Find all pure strategyNash equilibria. UMD LCR?10, 0 ?10, ?1 ?10, ?1?8, ?8 0, ?102, ?14, 57, ?101, 1 Exercise 3Consider a game represented by the following…