Q: Suppose that country has adopted a risk-adjustment scheme to help combat risk selection. Suppose fur...
A: What Exactly Is Risk Adjustment?? Health insurance companies perform an annual risk adjustment proce...
Q: BED 2206: INTERMEDIATE MICROECONOMICS Instructions: Answer all questions QUESTION ONE 1. ...
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost th...
Q: 5. Find the expected value assuming the risk factor is 30 % and the interest rate is 12% , if you wi...
A: the expected value is a generalization of the weighted average. Informally, the expected value is th...
Q: During the recession of 2008, Did the US Government take a page of the Keynesian Macro theory to hel...
A: Keynesian macro theory primarily identifies the role of government or government intervention in cas...
Q: This is the element that requires that no laws or statutes be violated, for example, if a constructi...
A: Legality Element that requires in the no laws or statues be violated, would not be licensed in Orego...
Q: if perfectly competitive labour markets should naturally adjust with changes in capital investments?
A: Keynesian school of economics is the study of macroeconomics that prominently relies on output, empl...
Q: Production of goods and services has become globalized to a large extent as a result of: O a. Skille...
A: Globalisation means cross border exchange of goods and services among the nations . It is the integr...
Q: Troy wins a prize of a McDonald's Restaurant $10 gift certificate. He can trade the prize in for a m...
A: Opportunity cost is the cost that a person sacrifices when they choose one option over another. This...
Q: b. unlimited wants and unlimited resources. c. limited wants and limited resources. d. unlimited wan...
A: The circumstance in the general public when the resources that people need to satisfy their needs ar...
Q: Select an industry that belongs to any one of the four market structures- perfect competition, monop...
A:
Q: Jake just bought a new hockey stick. When he was leaving the shop, he thought that he such a great d...
A: The demand curve indicates the consumer's willingness to pay for different quantities of a good. It ...
Q: Write about Canada's Road and Rail transport system. Write similarities and differences between Cana...
A: Rail transport system of Canada-The Canadian rail system currently has 45,199 route kms of track, an...
Q: This is a schedule of the total benefits and total costs for product "X 2 Quantity Total Benefit 9 1...
A: In the above question, it is given that : A schedule of total benefits and total costs for product ...
Q: If the Wall Street Journal published an article w/ the headline "Poultry Farmers Detect Infectious A...
A: The demand curve of a product depicts the quantity demanded of the product at each level of price, k...
Q: You Suppose the government increases education spending by $20 billion. If the marginal propensity t...
A: Here we calculate the total spending increases by using the given information , so the calculation ...
Q: Your marketing department has identified the following customer demographics in the following table....
A: Given: MC = $1 Group Value Frequency Baby Boomers $5 20% Generation X $4 10% Generation Y $...
Q: According to the new classical investment model we have: MPK = Gr + 8) i. Derive the above equation ...
A: since you have asked multiple questions and according to our policy we can solve the first question ...
Q: Examine TWO real-case scenarios in Malaysia where judicial precedent plays a role in Malaysian polit...
A: ANSWER
Q: What are the key elements of the scientifific method and how does this method relate to economic pri...
A: We can say that the methodology used by economists to determine economic laws or values is the scien...
Q: Suppose Adrienne receives a payment in cash of $400 and she deposits it in a bank. i. If the banking...
A: The entire quantity cash of cash closely-held by the general public at Any given time in an economy ...
Q: What are the examples of uses of derivatives in economics?
A: Meaning of Economics: The term economics refers to the situation under which there remain transact...
Q: 29.According to the Permanent Income Hypothesis, Select one: a.both transitory and permanent income ...
A: Average propensity to consume (APC) falls with increase in income . APC can never be zero and it can...
Q: Suppose firms incur transportation costs to sell their product abroad. How do transportation costs a...
A: Transportation costs are the prices likely to be changed abroad and how to make up a larger share in...
Q: 1 If your accounting profit is $60,000, much is your economic profit? If your revenue during the fir...
A: Accounting profit is the net income for a company, which is revenue minus expenses. Economic profit ...
Q: Jagmit owns a 2009 sedan (auto). The last time Jagmit renewed his auto insurance, he decided to drop...
A: A policy where an entity or individual tends to receive reimbursement against losses from an insuran...
Q: The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a;
A: Given information, Price elasticity of demand: 5.0 Change in price: 10% To find: Change in quantit...
Q: On April 1, thne price gas at B65' ner Station was $3./0 per gallon. On 1, the price was $4.45 per g...
A: Here we calculate the following blanks and explain by using the given information , so the calculati...
Q: Suppose that Paolo and Sharon are the only suppliers of collectible action figures in a particular m...
A: Answer to the question is as follows:
Q: a. Identify each of the variables and briefly explain the meaning of each one. b. From the above lis...
A: IS curve shows equilibrium in the market of goods and services. LM shows equilibrium in the asset ma...
Q: Question 6: If at-will employment were eliminated, could firms still serve the function described by...
A: At-will employment is a practice in which either the employer or the employee can end their professi...
Q: Under Economic Flows Give 3 different examples of Other Flows
A: Other flows are changes in asset and liability values that do not occur during transactions. The fir...
Q: Identify one successful entrepreneur either living in your community or someone who is often in the ...
A: You've certainly heard of several successful Filipino entrepreneurs and their stories over the years...
Q: The New York Times (Nov. 30, 1993) reported that "the inability of OPEC to agree last week to cut pr...
A: OPEC or Organisation of the Petroleum Exporting Countries is a cartel of Oil-producing nations which...
Q: se the Keynesian Cross model to show the effect of a decrease in government spending of ∆� on the ec...
A: A contract is a legally binding agreement that establishes, defines, and governs the parties' mutual...
Q: Which question is an example of a microeconomic question? A. What should the Federal government do ...
A: A. What should the Federal government do to reduce the trade deficit with Japan? This one is macroec...
Q: . Effects of rent control Rent controls force landlords to price apartments below the equilibrium pr...
A: The correct options are C and D C. Nonprice methods of rationing emerge. D. The quantity of avai...
Q: What do economists mean when they say Social Security and Medicare are “pay-as-you-go” plans? What a...
A: DISCLAIMER “Since you have asked multiple question, we will solve the first three subparts for you ...
Q: may arise. This is when _____. A. Bismarck; insurers seek out healthy customers. B. Beveridge; ...
A: The Bismarck and beveridge are two popular health care systems where the two different methods of fu...
Q: Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 10,000 case...
A: please find the answer below.
Q: If a country has a persistently negative current account, this implies that it is “borrowing” intern...
A: In an economy, a negative current account refers to the situation when it makes more imports than ex...
Q: relationship between the Balance on Goods and Services and Net Primary Income Balance.
A: Balance on goods and services refers to account which has details regarding the value of exported go...
Q: Measuring GDP - Income approach Assume an economy with a coal producer and a steel producer. In a gi...
A: Answer -
Q: The first fill in the blank options are (1/2 pair, 1/4 pair, 2 pairs, 4 pairs) The second fill in th...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: The gross domestic product (GDP) of the United States is defined as the market value of all final go...
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...
Q: 3) Quantity demanded per week 20 Price ($) Quantity supplied per week 20 40 16 4 60 12 80 8 12 100 4...
A: Here we calculate the elasticity of the following terms as per instruction , so the calculation of t...
Q: 3. Manhola has the following rational preferences over cars: • She prefers Cadillac to Audi • She is...
A: GIVEN Manhola has the following rational preferences over cars: • She prefers Cadillac to Audi •...
Q: What is the differnece of mission statements of a fortune 500 comapny in terms of composition and im...
A: Company: A company is an entity which is legally binded under the law. The company is generally form...
Q: 13) With phone and tablet video functionalities Face TimeTM and SkypeTM, Web-based "in-person" inter...
A: The use of digital technologies for changing models of business and tend to provide new revenue alon...
Q: Suppose that the government reduces the lump-sum tax, and suppose that gov- ernment always has a bal...
A: Given:- Government reduces lump-sum tax Government has a balanced budget Please find the images atta...
Q: Market for Florida Oranges 50 45 I Price (Dollars per box) 15 Supply 40 Quantity Demanded (Milions o...
A: A binding price ceiling occurs when the Government sets the goods price below equilibrium. It is bin...
1. With nash equilibrium, do you always choose the optimal strategy?
2. Can a game have more than one nash equilibrium?
Step by step
Solved in 2 steps
- What is the Nash Equilibrium in a game? A. A situation where all players cooperate for maximum gain B. A situation where no player can improve their outcome by changing their strategy unilaterally C. A situation where players always choose the same strategy D. A situation where players randomly select strategies9. In the game played in the class, "Guess 2/3 of the average", assume there are 3 students, each guesses a number between 0 and 100 (including 0 and 100) simultaneously. The winner will be the one whose number is closest to 2/3 of the average. Which of the following is a Nash Equilibrium for this game? A. Everyone guesses "0" B. Everyone guesses "100" C. One student guesses "0", one guesses "100" and one guesses "50" D. One student guesses "0", one guesses "0" and one guesses "100" E. None of the aboveLook at the attached table. A. What are the Nash equilibrium to this game (if there are any)? B. Are any of the Nash equilibrium efficient? If yes, which one(s)? If any are inefficient, explain why.
- Sam and Sarah are thinking about getting married. However if either of them cheats on the other, they would get a payoff of 10, while the other person gets zero. If neither cheat, they stay with each other and get a payoff of 7 each and if both cheat, the relationship falls apart and each get a payoff of 1. What is the Nash equilibrium of this game? a. Cheat, Cheat b. Not cheat, Not cheat Sam cheats, Sarah doesn't Sarah cheats, Sam doesn'tTucker and Eddie are playing the following game. Tucker can choose A or B and Eddie can choose C or D. The first payoff is for Tucker, the second for Eddie. Eddie Tucker C D A 3, 2 4, 3 B 4, 5 3, 4 Identify the Nash equilibrium(s) in this game. What rational game theoretic advice would you offer Tucker and Eddie on how to play this game? If Tucker and Eddie follow your advice, what payoff should each expect? Show your work.Aedri Quick Lesson in Game Theory A Nash Equilibrium is an outcome in which neither player is better off by changing their strategy. 2.7 Is a Dominant Strategy equilibrium also a Nash equilibrium? a) Yes b) No esc The Ice Cream Guys $3.99 $4.99 + Chucky's Chunky CCT: $20,000 $3.99 ICG: $20,000 CCT: $60,000 ICG: $10,000 tab Treats CCT: $10,000 $4.99 ICG: $60,000 CCT: $40,000 ICG: $40,000 The table above is the payoff matrix for the annual profit of the only two ice-cream-truck firms operating in Beach City. They are deciding the price of an ice cream cone. %3D caps lo 2.8 What is Chucky's dominant strategy? a) $3.99 b) $4.99 c) Not enough information hift 2.9 What is the dominant strategy equilibrium in this situation? a) Both charge $3.99 b) Both charge $4.99 c) CCT charges $3.99 and ICG charges $4.99 d) CCT charges $4.99 and ICG charges $3.99 2.10 Suppose these two firms engaged in collusion (which, of course, totally doesn't happen because it is against the law). Which outcome would…
- Consider the attached game depicted in Normal Form. Find one Nash equilibrium and verify that it is a Nash equilibrium. Note: 1. Remember to express the Nash equilibrium in the form of a strategy profile. 2. Use the definition of Nash equilibrium to verify that the strategy profile you find is really a Nash equilibrium.Use the following extensive-form game to answer the following questions. a. List the feasible strategies for player 1 and player 2. b. Identify the Nash equilibria to this game. c. Find the subgame perfect equilibrium.1. A game may have more than one Nash equilibrium. T/F ? 2. A game has always at least one pure strategy Nash equilibrium. T/F? 3. A situation where everyone is playing a dominant strategy must be a Nash equilibrium. T/F?
- 9. Little Kona is a small coffee company that is consider- ing entering a market dominated by Big Brew. Each company's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price: Little Kona Enter Don't Enter High Price Kona makes $2 million Kona makes zero Big Brew Brew makes $3 million Brew makes $7 million Kona loses $1 million Low Price Kona makes zero Brew makes $1 million Brew makes $2 millionWhat is game theory? How does it relate to strategic decision making? What do the phrases dominant strategy and Nash Equilibrium mean as they apply to game theory?Using game theory what are some examples in where Nash equilibrium is incorporated?
