What is the nash equilibrium of the game "sticks"?

Q: Consider Q(L,K)= K. Suppose that the unit output price is $12, and the unit labor cost and the unit…

A: Given: Q(L,K)=K12L14 Price (P) = $12 Unit Labor cost (w) = $0.6 Unit Capital Cost (r) = $1.2

Q: What are the monetary policy goals and how to achieve them using Monetary tools?

A: The goal of the central bank's monetary policy is to maintain control over the amount of money in…

Q: If a positive externality exists in a market, the unregulated market produces too little of a…

A: Externality is the external cost or benefits that is unavoidable and is borne by the third party.…

Q: Benefit–cost analysis requires the monetization of all relevant benefits and costs of a proposed…

A: A technique for calculating the value that a person places on something is called contingent…

Q: You have 1 account:   The balance owed is $405 and a $1500 credit limit.   What is your…

A: The debt-to-credit ratio is estimated as a percentage of total available revolving credit which an…

Q: Ex. Of AFC... J.B & Co. has the following fixed costs: - Machinery: 25k - Rent: 15k - Vehicle: 2k -…

A: Introduction: Total cost: It refers to the all expenses that incur in the process of production.…

Q: Why is a common resource overused? CEE A common resource is overused because A the marginal social…

A: A common resource is a resource that is available to everyone. Users get benefits from it but its…

Q: Investors For the Future (IFF) LLC provides financial advice to investors in a magazine called New…

A: Initial Cost in today's value = 2500  Annual Operational Cost = 300 Real Interest rate = 5%…

Q: Mike makes excellent cheesecake and Sue is very good at changing the oil in a car. Sue agrees to…

A: Barter system is where there is exchange of goods and services for other goods and services.  There…

Q: Write an expression for marginal utility for good 1, marginal utility of good 2, and the marginal…

A: Q4. A utility function describes the willingness of a consumer to consume a particular consumption…

Q: D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item,…

A: Producer surplus is described as the difference between the amount the producer is willing to supply…

Q: Billy Penny is trying to determine how many units of two types of lawn mowers to produce each day.…

A: Two lawn mowers are given:- Standard and deluxe To calculate:- Unit of each product=? Please find…

Q: Equilibrium condition: Y=C+I+G+NX a. Solve for equilibrium real income. b. If autonomous real…

A: The national income in the open economy is constituted of the consumption function, investment,…

Q: The following questions focus on the exchange rate between the Malaysian ringgit and the Danish…

A: Inflation defines a increase in aggregate prices in an economy. Exchange rate means a price with…

Q: Suppose an American business owner purchases chocolates from Belgium in order to sell them in her…

A: The answer provided below has been developed in a clear step by step manner.

Q: economics, what is an example of monitoring?

A: Economics is the study of human behavior for their purchase and sale decisions that are based on…

Q: Company A is eyeing to purchase a piece of factory equipment for P300,000. It is expected to…

A: Equipment Cost = P300,000 Annual Profit = P150,000 Selling Cost = P10,000 Return = 10%

Q: What is the effect of a decrease in population (perhaps caused by the plague) on the market for…

A: The market is said to be in equilibrium when there is no pressure on the market price to change.…

Q: 1. In a simple economy, people consume only 2 goods, market basket of goods used to compute the CPI…

A: Inflation shows the increase in price level over years.  Inflation rate shows the increase in price…

Q: A drawback of the linear probability model is that the error terms do not have a normal distribution…

A: The linear regression model with the binary dependent variable is called the "Linear Probability…

Q: Refer to Figure 1. Consumer surplus with the $20 tax becomes a. b. C. d. $20 $100 $450 $350

A: Consumer surplus is the area below demand curve and above price.  Producer surplus is the area below…

Q: According to the textbook, which of the following statements is (are) correct?   (x) As new firms…

A: Monopolistic competition is a mxiture of perfect competition and monopoly. This means there are many…

Q: Suppose the world price of banana is P* and Ecuador decides to offer its banana exporters an export…

A: Export subsidy is the per unit amount provided to the sellers by the government in order to increase…

Q: he residents of country P consume only peaches and pecans. The table below shows the prices and…

A: Given consumption basket = 10 bushels of peaches and 15 bushels of pecans Now, with 2000 is the base…

Q: A textile firm closes a plant in Texas and transfers production to a plant in South Carolina. The…

A: A person is considered as unemployed when he is able and willing to work but is not able to find job…

Q: The Bowman Corporation has an $13 million bond obligation outstanding that it is considering…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first three questions for…

Q: Prominent Sdn Bhd produces furniture at several factories. Its Seberang Prai factory produces office…

A: The point at which a company's revenues and costs are equal is known as the break-even point. The…

Q: Assume the Federal Reserve triples the growth rate of the quantity of money in circulation. In the…

A: Assume the Federal Reserve triples the growth rate of the quantity of money in circulation. In the…

Q: 1. Explain why a Country with low GDP is considered poor.

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Many home improvement retailers like Home Depot and Lowes have low-price guarantee policies. At a…

A: The procedures and methods that may be used to determine prices for goods and services are included…

Q: Consider the demand curve for hair cuts is given by Q=100-2P and the market equilibrium price equals…

A: A consumer surplus happens when the price that consumers pay for a product or service is less than…

Q: U(x, y) = xayb A consumer maximises utility subject to a budget constraint M = Pxx+Pyy Where px is…

A:

Q: Assume that banks hold no excess reserves and that all currency is deposited into the banking…

A: Given reserve ratio = 10 % Increase in money supply = 80 million $

Q: 1. Examples of the principle of diminishing marginal utility include all of the following EXCEPT: A.…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: An investor allocates $30,000 and $50,000 to two assets (A1 and A2). These assets generate 5% and…

A: Value of an asset after returns is given as: F = P(1+R)F : value of asset including returnsP : value…

Q: eter's TV Supplies is considering a merger with Jan's Radio Supply Stores. Peter's total perating…

A: Average total cost is implied as the sum total of all production costs divided by the total quantity…

Q: Suppose you've just inherited $5,000 from a relative. You're trying to decide whether to put the…

A: Opportunity cost is the term used in economics to describe the worth of what you must give up in…

Q: Simple majority rule can generate inefficient outcomes because It does not register the…

A: Voting is a process that can be used by a group, such as an electorate or gathering, to arrive at a…

Q: Economic profit is an indication that consumers are willing to pay more for a good or service being…

A: Profits of a firm are calculated by subtracting its total cost from its total revenue. Economic…

Q: According to the national savings and investment identity, if the government of the country of Apex…

A: A budget is a document prepared by the government that includes a list of all the revenue streams…

Q: An important consideration that entrepreneurs face in their decision making is their willingness to…

A: Enterpreneurship is one of the four factors of production. An enterpreneur applies his creative and…

Q: is inflation a bad or a good thing for the usa? Explanation please

A: The increase in the cost of goods and services throughout the economy is referred to as inflation.…

Q: Prisoners sometimes determine a single good to be used as money. This good becomes Select one: O a.…

A: Money is one of the most important component of an economy. It helps the people to buy goods and…

Q: The slope of an isocost line is equal to the and is

A: An isocost line refers to a curve that displays different input combinations that have the same…

Q: The following graph shows a hypothetical economy in long-run equilibrium at an expected price level…

A: Savings are the funds that a consumer does not spend on products and services. It is a portion of…

Q: 3 Oil Corn (hrs/barrel) (hrs/bushel) US 3 1 Russia 2 2 The table above shows the worker hours…

A: Opportunity cost is the cost of production of one good in terms of other.  Opportunity cost shows…

Q: A French company imports goods with transaction value at EX-Works €8000, transport cost is €650 and…

A: Tariff refers that a taxation which is imposed by the government on goods and services , import…

Q: Company C is planning to undertake a project requiring initial investment of P105 million. The…

A: Payback period shows the time taken to recover the initial investment.  The formula used to…

Q: 17. Use the market for loanable funds shown in the accompanying diagram to explain what happens to…

A: Money that is accessible for borrowing is referred to as loanable money. Savings from households…

Q: Fill in each statement with the appropriate capital investment analysis method: Payback, ARR, NPV,…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subparts for you.…