Questions
1. You are playing rock, paper, scissors with a friend. Each time you win, your friend...

1. You are playing rock, paper, scissors with a friend. Each time you win, your friend gives you a dollar. Each time you lose, you pay your friend a dollar. Both of you play optimally with a mixed strategy of playing rock, paper, and scissors exactly one-third of the time each in a completely unpredictable way. Suddenly, a third person enters the room and offers to pay your friend (not you) 50 cents each time your friend throws a rock. What is your friend’s optimal strategy now? What is your optimal strategy?

In: Economics

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications...

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 – 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2. If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits?

Price: $

Quantity: computers

In: Economics

) Explain any two of the following statements with economic reasoning and appropriate diagram(s) a. A...

) Explain any two of the following statements with economic reasoning and appropriate diagram(s) a. A competitive firm’s supply curve in the short-run is a segment of MC curve. b. The long-run equilibrium of a perfectly competitive firm is both productively and allocatively efficient. c. A marginal revenue curve of a monopolist lies below the demand curve

.

In: Economics

First, answer the following questions: What are the primary consequences of “Culture Talk” when applied to...

First, answer the following questions: What are the primary consequences of “Culture Talk” when applied to Islam and Muslims? Paraphrase, do not quote, but do provide page references.



In: Economics

what are the four most important causes of the American Revolution and why are they important?

what are the four most important causes of the American Revolution and why are they important?

In: Economics

According to the information given to you,write a paragraph of the benefits of the gig economy...


According to the information given to you,write a paragraph of the benefits of the gig economy in Australia(not less than 400words)

For example, new demand curves created by new opportunities for ‘entrepreneurs’ (i.e. ranging from the massive Uber corporation down to solo entrepreneurs). Note the attractive term ‘entrepreneur’ is sometimes even used to describe a young person on a bike delivering pizzas for about $10 per hour! He or she is considered a sole trader, not an employee. Advantages also include convenience for consumers, arguably convenience for the ‘gig’ workers in that they have flexibility of hours (e.g. they don’t need to be ‘stuck in an office from 9 -5 everyday). Also for Uber and Air B&B they have created a brand new demand ( this is sometimes referred to in business literature as a ‘blue ocean strategy’ [useful to look this up]) which is good for them.
(But it would also be useful to briefly discuss why Uber has not yet made a profit? Find out a tell me!)


In: Economics

Suppose the Republic of Controllistan is hit by an epidemic against which masks are effective. As...

Suppose the Republic of Controllistan is hit by an epidemic against which masks are effective. As demand surges, the price of masks goes up too (suppliers are slow to respond). Troubled by this development, the President of Controllistan decides to impose a cap on the price of masks, setting the price of masks much lower than the current equilibrium price. Use simple demand and supply diagram to illustrate the consequences of the price cap and comment briefly.

In: Economics

Assess Raeworth’s analysis of the Kuznets Curve and its social implications for resource production.

Assess Raeworth’s analysis of the Kuznets Curve and its social implications for resource production.

In: Economics

A business proposal is a common tool used to convince business executives and leaders about an...

A business proposal is a common tool used to convince business executives and leaders about an idea for improvement within an organization. They are also used when a new business initiative is seeking funding – either as a stand-alone business or within the confines of an existing organization.

The business proposal draft should be complete, including all components of a business proposal. This draft should be well-considered and ready for review by your peers and the instructor. Points will be deducted for incomplete work.

Submit the first draft of your Business Proposal to the appropriate dropbox. Details for completing this assignment can be found in the “Assignment Expectations” in the “Start Here” module of the course.

In: Economics

- What is the negative impact of Cholera on education and health and human capital development...

- What is the negative impact of Cholera on education and health and human capital development in Kenya?
- What are the policies followed by the Kenyan government to reduce the impact of this infectious disease?

In: Economics

1. Which of the following was nota major factor in explaining the decline of death rates...

1. Which of the following was nota major factor in explaining the decline of death rates in the U.S. in the late 19thand early 20thcentury?

a.  urbanization

b.  improvements in sanitation

c.  improvements in medical treatments

d.  Both a and c are correct.

2.

Research by James Smith indicates that the grandsons of Mexican males who immigrated to the U.S. in the early 1900s

a. have higher levels of education and higher salaries than their grandfathers.

b. have lower levels of education, but higher salaries than their grandfathers.

c. have about the same level of education as than grandfathers and similar salaries.

d. have lower levels of education and lower salaries than their grandfathers.

In: Economics

        Here are two statements about how people’s expectations of future prices affect what they do, and...

        Here are two statements about how people’s expectations of future prices affect what they do, and what happens, in the current period.

I If both buyers and sellers expect the price to fall next period, the price would fall in the current period.

II If both buyers and sellers expect the price to rise next period, the price would rise in the current period.

Choose the correct option from the list below.

A Neither statement is true.

B Only I is true.

C Only II is true.

D Both statements are true.


In: Economics

“YOU’RE THE ECONOMIST: What Kind of Unemployment Do Robots and Artificial Intelligence Cause?” in Chapter 16....

“YOU’RE THE ECONOMIST: What Kind of Unemployment Do Robots and Artificial Intelligence Cause?” in Chapter 16. After reading the case, discuss the following questions: (1) What type of unemployment does technological development cause? Explain. (2) What solution would you propose for any worker threatened by new technologies? (3) Can you think of any public policies that might help offset this unemployment?

In: Economics

Explain how has technology changed the learning system? It has to be an argumentative essay. Need...

Explain how has technology changed the learning system? It has to be an argumentative essay. Need argumentative details for 3 body paragraph's ASAP!!!

Thesis: The importance of technology in the classroom can increase educational productivity by accelerating the rate of learning, reducing costs associated with instructional materials or program delivery and, and better-utilizing teacher time.

In: Economics

Would you write the business plan yourself, pay someone to write it, use a business plan...

Would you write the business plan yourself, pay someone to write it, use a business plan software program or any combination of these ideas? Explain your decision!!!

In: Economics