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- Intermediate MicroeconomicsProblem Set 10.Submission options:• in person during lectures or TA sessions;• in Xiaoye Liao’s mail box at 19 West 4th, 6th Floor;• (less recommended) e-mail Xiaoye Liao atxl775@nyu.edu– in that case, be sure to use the subject line: “Submission 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…A nation’s population size and the affluence of its citizenseach influence its resource consumption and environmentalimpact. As of 2013, the world’s population passed 7.1 billion,average per capita income was $11,690 per year, and the latest estimate for the world’s average ecological footprint was2.7 hectares (ha) per person. The sampling of data in the tablewill allow you to explore patterns in how population, affluence,and environmental impact are related. Calculate the total impact (national ecological footprint)for each country.Discuss any two of the eight infrastructure investments prioritised bythe NDP in relation to the Sustainable Development Goals (Todaro &Smith, 2020:17). Answer the following Question:• Indicate to which degree each infrastructure investment alignswith one or more of the Sustainable Development Goals. Note: The chosen infrastrucutre investments are Transportation and sustainable cities and communities.
- Case Title:Sustainable consumption and production: Trends, challenges and options for the Asia-Pacific region Case link:https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1477-8947.2010.01275.x Answer the ff questions attached:a) Describe, in general, the flow of the decision-making process in economic engineering. b) Calculate the equilibrium price and quantity corresponding to a scenario with a demand curve represented by Cd = 1600 - 30Pb and a supply curve represented by Co = 1400 + 70Pb. c) Calculate the new quantities supplied and demanded for the scenario of letter 'b', assuming a 10% increase in the equilibrium price found above.Two important industries on the island of Bermuda are fishing and tourism.According to data from the Food and Agriculture Organization of the United Nationsand the Bermuda Department of Statistics, in 2009 the 306 registered fishermen inBermuda caught 387 metric tons of marine fish. And the 2,719 people employed byhotels produced 554,400 hotel stays (measured by the number of visitor arrivals).Suppose that this production point is efficient in production. Assume also that theopportunity cost of 1 additional metric ton of fish is 2,000 hotel stays and that thisopportunity cost is constant (the opportunity cost does not change).a. If all 306 registered fishermen were to be employed by hotels (in addition to the2,719 people already working in hotels), how many hotel stays could Bermudaproduce?
- 4 Time remaining: 00:09:27 Economics Hurdle rates (minimum required rates of return) are often used by development banks such as the World Bank. Suppose the World Bank hurdle rate is 3%. The World bank is currently evaluating a carbon investment in Brazil that will require 1.35 million dollars given to Brazil now, in return for Brazil setting aside forest land and then returning 2.0 million dollars back to a carbon credit owned by the bank in 10 years. The world bank has already paid 1 million dollars in the past two years to set up a carbon payment fund that can generally be used for these purposes. Will the following investment in this carbon market make sense for the World Bank? A. No because the rate of return is equal to 2.4% B. No, because the opportunity cost of waiting is too high C. Yes, because the ratio of benefits to costs is greater than 3% D. Yes, because the rate of return is equal to 4.0%We are all aware that there are many natural resources, fossil fuels like coal, crude petroleum, mineral resources etc, which are essential inputs in modern manufacturing / production processes, and are available in limited stock (i.e., are exhaustible). In this discussion please discuss the role of technology in efficient utilization of these exhaustible resources which you might have come across in your own work experience. You could also discuss instances of firms taking steps to adopt renewable natural resources to cut down their reliance on exhaustible resources. 350 words and use referncesto treat a sore back Kyoko undertakes a course of physical therapy.Kyoko's marginal benefit from her first physical therapy session is $250 from her second its $225 , from her third its $175 anf from her its $100. physical threapy sessins cost $175 each. assuming kyoko's final physical threapy session will earn her zero consumer surpus, kyoko will have _ physical threapy sessions and her total consumer surpus will be_ A .four, $0 B. three, $100 c. four, $125 d. three, $125
- please argunt . instant upvote !!! Examine the macro-environmental factors in China affecting television manufacturers like Skyworth TV. How should Skyworth TV respond to each of these factors?What are the macro-environmental factors (PESTEL) of having an Emergency Response Team at work? Please state for each (PESTEL): Political, Economic, Social, Technological, Environmental LegalCase: Despite 2015 Paris agreement, global carbon emissions increased 1.7 percent in 2017 and a further 2.7 percent in 2018; it has been estimated that the rate of increase in 2019 will be among the highest on record. The last four years have been the hottest on record, with 2019 on track to make it five. But analyses suggest that fast action now can reduce carbon emissions within 12 years and hold global increases below 2 degrees C and perhaps 1.5. Even though carbon emissions in The Gambia, Morocco and India are expected to rise, they’ll fall short of exceeding the 1.5-degree Celsius limit. But some countries, such as Saudi Arabia, Russia, and United States, are not trying hard enough. a. Explain the inefficiency in this case! Use graphics b. Why can't this problem be solved through market mechanisms as in private goods? c. Give possible public (global) solutions and private (global) solutions to this and what are the advantages and disadvantages of each.