Suppore twice Arsume mixed stratogjes (ran domi zing ng the thmee artion) dto and I pay the game reck-papr - Sei ssor are not albwad How aany strategies you have?
Q: For all calculations, carry out each step to 6 decimal places, never put into % form. Final answers ...
A: Location quotient of transportation=200015400Location quotient of transportation is 0.129870
Q: Consider a firm that is a monopolist in its output market and a monopsonist in the market for labor,...
A: Consider a firm that is a monopolist in its output market and a monopsonist in the market for labor,...
Q: The perceived demand curve for the is Select the correct answer below: O perfectly competitive firm;...
A: Here We have to write about the perceived demand curve .
Q: Directions: Find the CPI for the same item. Round to the nearest unit. BASE PERIOD CURRENT PERIOD Ci...
A: Index also known as consumer price index which means that how much times base year one unit of mon...
Q: Which of the following equations is correct for an economy that does not have a government or a fore...
A: An economy that does not have the government sector or a foreign sector satisfies the following at e...
Q: Identify two benefits of CAFE standards. See additional directions below. Identify two costs of CAFE...
A: CAFE standard is corporate average fuel economy standard in US was implemented in the 1970s. It sets...
Q: Two projects (X and Y) are voted on by three persons. Their payoffs are given in the table below.
A: Since the question you have posted consists of multiple parts, we will answer the first two parts fo...
Q: he graph shows befire-tax, where the equilibrium is at 25. When the government levies the tax of 3...
A:
Q: It is a common practice in lending companies that the interest is deducted at the time money is borr...
A: Given: Loan amount=P 50000 Interest rate=16% Amount received=P 42000 At the end of year, amount=P 50...
Q: Based on the content presented in this chapter, answer what the following items request: a. Commen...
A: a. There are relationship between productivity and exchange rate. Increasing labour productivity lea...
Q: ase go to www.federalreserve.gov e and briefly describe the structure of the U.S. Federal Reserve sy...
A: The central banking system of the United States of America is known as the Federal Reserve System. I...
Q: Linear stages theory, Structural-change model (Lewis two-sector model), International dependence/dom...
A: Since you have posted multiple questions, we will answer the first question for you. If you want any...
Q: 1. What is likely to cause inflation? a. increase in oil prices b. Increase of prices of computers c...
A: Government has certain tax revenue with them through which they have to carry developmental expenses...
Q: 1. Place the phases of the Business Cycle in order. The phases (in no particular order here) are: Re...
A: Answer- 1) The economy's full employment level is referred to as PEAK. The term "recession" refers ...
Q: All of the following are examples of intellectual property rights, except: Select the correct answer...
A: Intellectual property (IP) alludes to manifestations of the psyche, like creations; abstract and ima...
Q: Is there a role for government in reducing the negativeeffects of dual employment
A: Dual employment refers to a situation when an individual is engaged with two jobs at the same time. ...
Q: 4. Assume wealth w; and assume two goods, 1 and 2, with prices p1 and p2, and Walrasian demands x1 a...
A: Please find the answer below.
Q: Case Study 1: Nancy is leading a Scrum project for her organization. The project is to create new s...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: Suppose the supply curve for open-heart surgery is vertical at a hospital for heart conditions. If t...
A: Below are points that need to be considered: *Price of commodity and its demand poses a negative rel...
Q: Person A can trust or not trust person B. If person A decides to not trust, both players get a zero ...
A: Extensive form of the game We should have a higher payoff for B for abusing compared to honorin...
Q: Notice that the before-tax equilibrium price was 25. Compared to the price, in the after-tax equilib...
A: Tax incidence refers to the loss of welfare caused by the imposition of taxes . So , Consumer Surpl...
Q: Y YA Ys XA Xs The graph above represents the PPF for two goods X and Y Which of the points is most b...
A: The answer is - A, B
Q: Because education generates a positive externality, ..... O A. subsidies to colleges or vouchers to ...
A: A positive externality occurs when the production of goods and services indirectly benefits a third ...
Q: e. It is sometimes said that competitors in an oligopolistic industry need a price leader to “straig...
A: An oligopoly is a market structure in which a small number of enterprises have a significant amount ...
Q: You need P 4000 per year for four years to go to college. Your father invested P8000 in 7% account f...
A: At the birth of a child, the father invested P8000, we know that if we invest x(let) @ 7% then valu...
Q: Thailand addressed a growing population at the same time as China but unlike China's stringent one-c...
A: In china there is policy of having only one child . Giving birth to more than one child is prohibite...
Q: The graph below shows the budget constraint between income and leisure for an individual. For every ...
A: A consumer's budget constraint is the sum of all combinations of products and services that they can...
Q: The Ontario Minister of Agriculture and Food wants the federal government to eliminate the AgriStabi...
A: ANSWER The ontario government in 2020 accepted the proposal of Fed government for enhancing the ag...
Q: When government removes an import tariff, the effect on domestic producers is Select the correct ans...
A: Tariff refers to the tax that is imposed on imports. It redistributes income from consumers to produ...
Q: Explain expansionary and discretionary fiscal policy (300 words)
A: Fiscal policies define as the government's policy which is used to control the money supply in the e...
Q: Give examples of the government intervention in Organic View and in Mechanistic View.
A: Government intervention is regulatory action taken by Govt. that seek to change the decisions made b...
Q: Consider the market for laptop bags. Suppose the price of laptops decreases. This change has what ef...
A: Two goods are complements when they are used together
Q: Why are citizens punished with sin taxes
A: As a product goes into production, cost is initiated and process of business functions. Business can...
Q: For their birthdays, Vivaan and Saanvi, who are brother and sister, each received 25 iTunes music do...
A: Pareto improvement to a system is said to have occurred when a reallocation of resources leaves no o...
Q: What will be the value of real GDP if the quantity is 15 and the price is 62?
A: In an economy, real GDP refers to the value of final output generated in a specific year that is exp...
Q: What do you understand by the concepts of intra temporal choices?
A:
Q: The economy below has a linear production possibility frontier, given by C=Y-G/q. The government has...
A: Since public good is inferior, its quantity demanded goes down if it becomes cheaper. Here because o...
Q: Calculate change in price uf elasticity of is-2 and percentage change in Quantity demanded is 5%
A: To determine the link between quantity demanded and demand determinants, elasticity of demand is use...
Q: What are five areas of core content that should be included in an international business plan?
A: To make an international business plan is a tough deal as one have to study many aspects. The differ...
Q: 1. Refer to the table above. Calculate real and nominal GDP for the year 2018. Show your calculation...
A: here we calculate the nominal GDP , Real GDP and GDP Deflator by using the given information , so th...
Q: Next question Which of the following is an example of a positive externality? A. A lower inflation r...
A: Positive externality refers to the situation when social benefits exceed private benefits. It refers...
Q: If, in a monopoly market, the demand function for a product is p = 160 − 0.10x and the revenue f...
A: Demand function shows the functional relationship between Quantity demanded for a commodity and its ...
Q: T = 20 + 0.25 Y Md = 0.5 Y- 250 (r+n°) P If G 196, = 0,1 , the nominal money supply equals 9890 and ...
A: The equilibrium price is the market price where the quantity of goods supplied is equal to the quant...
Q: An equipment costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual...
A: The annual depreciation amount is calculated using the formula number of periods in year/number of p...
Q: 1 We will loosely model the petrol crisis the UK has recently experienced as a game. Start with a tw...
A: There are two players : Player 1 & 2 Strategy Set of player1 = Strategy Set of player 2 = { Nor...
Q: 5. Mr. Jo needs P 4,000,000 immediately to pay for a new home. Having insufficient fund for this, he...
A: Given: Amount required immediately=P 40,00,000 Borrowed amount=P 20,00,000 Repayment of loan=every s...
Q: explain how, when and for what purpose you would use each of the 4 criteria.; payback period, discou...
A: The movement of money or cash in and out of the company is known as cash flow. The cash flows could ...
Q: Would you expect supply to play a more significant role in determining the price of a basic necessit...
A: Elasticity is defined as the responsiveness or sensitiveness on the demand if the factor influencing...
Q: Question 25 (In this question we denote income by Y). The following figure shows the consumption of ...
A:
Q: In the graph, if the government sets a price floor of 90 75 50 25 10 D 200 500 800 O shortage of 600...
A: Price floor refers to the legal minimum price that can be charged for a good.
For this question, my friends are saying the number of strategies are 27. Is there any table that was computed before arriving at that answer? I don't really understand how they came up with that number of strategies.
Step by step
Solved in 2 steps
- Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers. Praxilla gets 30 units of marginal utility from her first poem 27 units of marginal utility from her second poem 24 units of marginal utility from her third poem, and so on, with marginal utility declining by three units for each additional poem. Praxilla gets six units of marginal utility for each of her next three cucumbers consumed, five units of marginal utility for each of her next three cucumbers consumed, four units of marginal utility for each of the following three cucumbers consumed, and so on, with marginal utility declining by one for every three cucumber consumed. A poem costs three bronze coins hut a cucumber costs only one bronze coin. Praxilla has 18 bronze coins. Sketch Praxillas budget set between poems and cucumbers, placing poems on the vertical axis and cucumbers on the horizontal axis. Start off with the choice of zero poems and 18 cucumbers, and calculate the changes in marginal utility of moving along the budget line to the next choice of one poem and 15 cucumbers. Using this step-by-step process based on marginal utility, create a table and identify Praxillas utility—maximizing choice. Compare the marginal utility of the two goods and the relative prices at the optimal choice to see if the expected relationship holds. Hint: Label the table columns: 1) Choice, 2} Marginal Gain from More Poems, 3) Marginal Loss from Fewer Cucumbers, 4) Overall Gain or Loss, 5) Is the previous choice Optimal? Label the table rows: 1) 0 Poems and 18 Cucumbers, 2) 1 Poem and 15 cucumbers, 3) 2 Poems and 12 cucumbers, 4) 3 Poems and 9 Cucumbers, 5) 4 Poems and 6 cucumbers 6) 5 Poems and 3 Cucumbers, 7) 6 Poems and 0 Cucumbers.Bart and Lisa are both optimizing consumers in themarkets for shirts and hats, where they pay $100for a shirt and $50 for a hat. Bart buys 8 shirts and4 hats, while Lisa buys 6 shirts and 12 hats. Fromthis information, we can infer that Bart’s marginalrate of substitution is _________ hats per shirt, whileLisa’s is _________.a. 2; 1b. 2; 2c. 4; 1d. 4; 2a. A young connoisseur has $600 to spend to build a smallwine cellar. She enjoys two vintages in particular: a 2001French Bordeaux (wF) at $40 per bottle and a less expensive 2005 California varietal wine (wC) priced at $8. Ifher utility is U (wF, wC))=wF2/3 w C1/3 ,then how much of each wine should she purchase?b. When she arrived at the wine store, this young oenologistdiscovered that the price of the French Bordeaux hadfallen to $20 a bottle because of a decrease in the valueof the euro. If the price of the California wine remainsstable at $8 per bottle, how much of each wine shouldour friend purchase to maximize utility under thesealtered conditions?c. Explain why this wine fancier is better off in part (b)than in part (a). How would you put a monetary value onthis utility increase?
- Co. XYZ manufactures a productand sells it for $8 per unit. Her fixedcosts are $5,000 and her variablecost per unit is given by the equationCalculate the equilibrium quantity qalgebraically. 2.444 (X)-2200 A. (q-800) B. q=900 C. (q 650) D. None of the above In the previous problem (27), calculate the amount ofequilibrium Total Income. A. 4,500 B.$3,000 C. $7,200 D. $9,000 In the above problem (27), calculate thebreak-even Total Cost amount. A. 4,500 B. $3,000 C. $9,200 D. 7,200 In the previous problem (27)determine the profit when q-1800.modes of A. $4,500 B. 5,000 C.$6,000 D. 7,000 In the previous problem (27), determine the gain when q-450. A. $2,500 B. -$2,500 C.$6,000 D. -$4,500 In the aboveproblem (27), find the required output (q), to make a profit of$10,000. A. 3,000 B. 4,000 C. 2,500D. 2,700Nimbus, Inc., makes brooms and then sells themdoor-to-door. Here is the relationship between thenumber of workers and Nimbus’s output during agiven day:Workers OutputMarginalProductTotalCostAverageTotalCostMarginalCost0 0 ____ ________ ____1 20 ____ ________ ____2 50 ____ ________ ____3 90 ____ ________ ____4 120 ____ ________ ____5 140 ____ ________ ____6 150 ____ ________ ____7 155 ____ ____a. Fill in the column of marginal products. Whatpattern do you see? How might you explain it?b. A worker costs $100 a day, and the firm has fixedcosts of $200. Use this information to fill in thecolumn for total cost.c. Fill in the column for average total cost. (Recallthat ATC T 5 C Q/ .) What pattern do you see?d. Now fill in the column for marginal cost.(Recall that MC TC 5 D ∆ / Q.) What patterndo you see?e. Compare the column for marginal productwith the column for marginal cost. Explain therelationship.f. Compare the column for average total costwith the column for marginal cost. Explain…why is the market for recycled aluminium good and the market for plastic bad in the US? Depict this with a firm input choice model. I understand that recycled plastic decreases in qualiy everytime it is recycled while aluminium does not and can be recylced without the decrease in quality, but I dont know how to depict this graphically
- Adam Smith from the Classical School had introduced the “water-diamond paradox” in his Theory of Value. But he did not solve the paradox because he failed to understand the concept of utility. Explain by demonstrating relevant graph how this paradox was solved by William Stanley Jevons from the Marginalist School by using law of diminishing marginal utility.ASAP DECİSİON RULE FOR UTİLİTY MAXİMİZATİON As I understand we choose the good which has higher marginal utility per dollar . BUT MY QUESTİON İs that What if our budget is not end up and the marginal utility per dollar is same for both good What should we do at that point? PLEASE ANSWER MY QUESTİON DONT GİVE CLLASİC DEFİNİTİONExplain, Why is the marginal utility curve declining with incresed consumpition of burgers?
- The law of diminishing Marginal utility is consistent with what peopl trade?We took the case of two goods model. Both of the goods are normal. Explain below the Income Consumption Curve (ICC) in your own words?)ncob buys only milk and cookies.a. In yeor 1, Jocob earns $100, milk costs $2 perqua rt, and cooki es cost S4 per dozen. Ora\"•jacob's budget constraint.b. Now suppose that a ll prices increase by10 percent in yeor 2 ond !hot jacob's salaryincreases by 10 percent as well. Draw jacob'sn<:w budget constraint. How would Jacob'soptimnl combination of milk and cookies in year 2compare to his optimal combination in year 17
