xplain/expound the following statement in not more than five (5) sentences: “You also have to have military and economic power behind it, or else your ideas cannot spread.
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Explain/expound the following statement in not more than five (5) sentences:
“You also have to have military and economic power behind it, or else your ideas cannot spread.”
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- Evan knows his GPA would skyrocket if he could break his horrible habit of procrastinating. An example of a commitment device Evan could use would be: Question 46 options: a to allow himself one hour of leisure for every half-hour of studying he does each day. b to exercise before studying in order to be refreshed. c to pay a student to meet him each afternoon for 2 hours in the library to ensure he studies every day. d All of these are commitment devices.Suppose that following graduation you have four job offers. Job 1 is in Spokane Washington, and pays a salary of $50,000 per year, Job 2 is in San Jose California and pays $60,000 per year, Job 3 is in Raleigh NC and pays $45,000 per year, Job 4 is in Sarasota Florida and pays $40,000 per year. If you choose job 4, what is the opportunity cost of this decision? Group of answer choices The full (combined) value of the other three jobs, including salary, benefits and living in those cities. The full value of Job 1, since this is the highest paying alternative. The full value of whichever job would have been your second choice. Zero. $20,000, because this is the difference between the salary you chose and the maximum salary that you gave up.College Retirement Equities Fund (CREF) is a pension fund that has billions of dollars invested in the stock market. Fund participants recently voted on a proposal that would have placed strict limits on the amount of compensation paid to CREF executives. Why do you think 75 percent of the participants voted against the proposal? Provide an economic argument against the proposal.
- What is the difference between Gordon method and Brainstorming?What are the methods of generating new ideas? Explain why criticism is not allowed during group Brainstorming activity?QUESTION 5 Which one of the following statements about strategic investments is incorrect? A. Locational choice (as in the linear city model) B. R&D investment to reduce marginal cost of production can be an example of strategic investments. C. Capacity choice (as in the Stackleberg-Spence-Dixit model) can be an example of strategic investments. D. Price choice (as in the linear city model) is an example of strategic investments.V4. Assume there are only two oil producing countries in the world, C1 and C2. Each can export either 2 million or 4 million barrels of oil. If a total of 4 million barrels of oil are exported (both countries combined) then each barrel sells at $25. If there are 6 million barrels exported between them, each barrel sells at $15 and if there are 8 million barrels exported between them, then each barrel sells at $10. a) Write the “pay-off” matrix/table (i.e., the table or matrix indicating the strategies for each country, i.e., the amount of barrels they export and the revenue they make). b) Determine the Nash equilibrium for the game. c) Is there a strategy that results in larger revenue for both the countries? If so, which is that? d) For what wegitage for future payoff, δ, will both countries agree to use the strategy that benefits both of them, better?
- Consider this situation faced by a first-semester senior in mechanical engineering who is exhausted from extensive job interviewing and penniless from excessive partying. Mary’s impulse is to accept immediately a highly attractive job offer to work in her brother’s successful manufacturing company. She would then be able to relax for a year or two, save some money, and then return to college to complete her senior year and graduate. Mary is cautious about this impulsive desire, because it may lead to no college degree at all. Develop at least two formulations for Mary’s problem. Identify feasible solutions for each problem formulation in (a).Cost-Benefit Analysis Suppose you can take one of two summer jobs. In the first job as a flight attendant, with a salary of $5,000, you estimate the probability you will die is 1 in 40,000. Alternatively, you could drive a truck transporting hazardous materials, which pays $12,000 and for which the probability of death is 1 in 10,000. Suppose that you're indifferent between the two jobs except for the pay and the chance of death. If you choose the job as a flight attendant, what does this say about the value you place on your life?Solve the following games (a,b, and c) by using backward induction. Which one of the following statements is true? 1. In (a), Player 1 chooses B, then Player 2 chooses D, then Player 1 chooses E. 2. In (b), Player 1 chooses A, then Player 2 chooses D, then Player 1 chooses J. 3. In (c), Player 1 chooses O, game over. 4. None of the above.
- please answer in details within 30 minute as to why the option is right and why other options are wrong.Two partners start a business. Each has two possible strategies, spend full time or secretly take a second job and spend only part time on the business. Any profits that the business makes will be split equally between the two partners, regardless of whether they work full time or part time for the business. If a partner takes a second job, he will earn $20,000 from this job plus his share of profits from the business. If he spends full time on the business, his only source of income is his share of profits from this business. If both partners spend full time on the business, total profits will be $200,000. If one partner spends full time on the business and the other takes a second job, the business profits will be $80,000. If both partners take second job, the total business profits are $20,000. a) This game has no pure strategy Nash equilibria, but has a mixed strategy equilibrium. b) This game has two Nash equilibria, one in which each partner has an income of $100,000 and one in…You and a classmate are assigned a project on which you will receive one combined grade. You each want to receive a good grade, but you also want to avoid hard work. In particular, here is the situation: • If both of you work hard, you both get an A, which gives each of you 40 units of happiness. • If only one of you works hard, you both get a B, which gives each of you 30 units of happiness. • If neither of you works hard, you both get a D, which gives each of you 10 units of happiness. • Working hard costs 25 units of happiness. Complete the following payoff matrix given the previous information. In each cell, your classmate's payoff is on the left and yours is on the right. Your Decision Work Shirk Classmate's Decision Work , , Shirk , , The likely outcome is that your classmate and you . If you get this classmate as your partner on a series of projects throughout the year, rather than only once, you are…