Consider the hypothetical example using game theory. Assume that it is a one-off simultaneous move game, and that each player only cares about their own payoff.

LG and Samsung are deciding whether or not to release a new 360-degree camera.

If both LG and Samsung release the camera, then LG will make $20 million profit, and Samsung will make $40 million profit.

If LG releases the camera, and Samsung does not, then LG will make $30 million profit and Samsung will make $0 profit.

If LG does not release the camera, and Samsung does, then LG will make $30 million profit, and Samsung will make $60 million profit.

If neither LG nor Samsung release the camera, they both receive $0 profit

a) Depict the above outcomes in a payoff matrix

b) If LG releases the camera, what is Samsung’s best response?

c) Does LG have a dominant strategy? If so, what is it? If not, explain why not.

d) Does Samsung have a dominant strategy? If so, what is it? If not, explain why not.

e) Find the Nash Equilibrium of the game.

f) Explain why the Nash Equilibrium is a likely outcome for this game.

E 5-2B. Stage One ABC at a College: Assigning Costs to Activities An economics professor at Prince Town University devotes 60% of her time to teaching, 35% of her time to research and writing, and 5% of her time to service activities such as committee work and student advising. The professor teaches two semesters per year. During each semester, she teaches one section of an introductory economics course (with a maximum enrollment of 50 students) and section of a graduate economics course (with a maximum enrollment of 30 students). Including course preparation, classroom instruction, and appointments with students, each course requires and equal amount of time. The economics professor is paid $250,000 per year. Required Determine the activity cost of instruction per student in both the introductory and the graduate economics courses.

Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual interest rate of 8.40%

(a) What is the mortgage payment?
$  

(b) What is the total of the payments over the life of the loan?
$  

(c) Find the amount of interest paid on the mortgage loan over the 30 years.
$

Compare and contrast the work of Aristotle, Augustine and Aquinas by considering their contributions to laying a foundation for Christian ethics and how do they each define "the good life"?

what is a market failure?

1. Write a C++ program where you implement a synchronized multithreaded version of HAPPY with four threads. The program will take in an array from 1 to n (n = 50) and will be passed to four different threads:

If the current number is divisible by 2, then print HAP

If the current number is divisible by 5, then print PY

If the current number is divisible by both 2 and 5, then print HAPPY

If the number is neither divisible by 2 nor 5, then print the number

• Thread 1 should call csu() to check if divisible by 2 then print HAP.
• Thread 2 should call sb() to check if divisible by 5 then print PY.
• Thread 3 should call csusb() to check if divisible by 2 and 5 then output HAPPY
• Thread 4 should call number() which should only print the numbers.

Example: 1 HAP 3 HAP PY HAP 7 HAP 9 HAPPY 11 HAP 13            HAP PY HAP 17        HAP 19        HAPPY …

PROMPT:  The article describes how two prominent economists revisited their earlier work on the “gig economy” and determined that their estimates of its impact were too high, skewed by spotty data and the recession of a decade ago.

Comment on the idea of having researchers revisit their earlier work to comment on the outcome of their predictions based upon the availability of additional data.
Comment on the problems faced by a data-driven policy maker who does not have access to a complete understanding of the methods by which the data being used were compiled.

Calculate [OH ^-] and pH for each of the following solutions.



(a) 0.0043 M KOH

(b) 0.0341 g of CsOH in 540.0 mL of solution

(c) 28.1 mL of 0.00187 M Ca(OH)₂ diluted to 800 mL

(d) A solution formed by mixing 71.0 mL of 0.000480 M Ca(OH)₂ with 24.0 mL of 1.3 x 10^-3 M KOH

Essay Question [Venezuela's Hyperinflation Problem]

Suggest 2-3 things that would improve the quality of living for the people of Venezuela.

A 0.30-kg puck, initially at rest on a frictionless horizontal surface, is struck by a 0.20-kg puck that is initially moving along the x-axis with a velocity of 8.6 m/s. After the collision, the 0.20-kg puck has a speed of 5.2 m/s at an angle of θ = 53° to the positive x-axis.

(a) Determine the velocity of the 0.30-kg puck after the collision.

(b) Find the fraction of kinetic energy lost in the collision.

DNA polymerases I, III, and delta have important roles in replication. Which of these proteins have similar functions? Describe those similar functions that they share. Which one performs a different function and what is that function?

How have some grocery store product categories such as grab-and-go/convenience items benefitted from COVID-19?

1. Explain the value of the Big Mac Index.

2. How did Caterpillar mitigate the risks of a strong US dollar in 2008?