1. Assume the payoff matrix for a game is as follows. Firm B X Y Firm A 6,6 14,2 2 2, 14 9,9 What is the maximum interest rate at which collusion could occur between these firms with a trigger strategy if the game is played an infinite number of times?
Q: Output and Consumption (in millions of dollars) Real GDP (Y) 32 Consumption (C) 25 Gross…
A: In economics, the equilibrium level of output is the level at which the total quantity of goods…
Q: PLS HELP ASAP ON BOTH
A: The image shows two multiple-choice questions. For the first question, it asks what the trefoil…
Q: 3
A: First, we need to calculate the depreciation for each year using the MACRS 5-year property…
Q: None
A: Step 1: Step 2: Step 3: Step 4:
Q: PLS HELP ASAP ON BOTH
A: Answer 1: Zachary is 65 years old, has just retired, has a "low" risk profile, and a short-term time…
Q: PLS HELP ASAP ON BOTH
A: Question 2:The answer is:Fees for specific additional services and front-end charges For no-load…
Q: 27 of 60 Price $1.90 1.80 Supply (Private + Public Costs) Supply (Private Costs 1.70 1.60 1.50 1.35…
A: The graph includes a line labeled "Supply (Private Costs)" which represents the true production…
Q: Write a short essay (not more 400 words ) answering the question below. The answer must bepreceded…
A: International trade is the exchange of goods and services between countries. This type of trade…
Q: Suppose an economy is experiencing the following rates of unemployment by type. Rate (%)…
A: The objective of the question is to calculate the actual unemployment rate and the natural rate of…
Q: Assume all profit-maximizing employer types sell output in perfectly competitive markets and hire in…
A: The objective of the question is to understand the impact of discrimination coefficient on the…
Q: When a tax is collected from the buyers in a market,. a. the tax burden falls most heavily on the…
A: Option b: This option is correctThe correct answer is: b. The buyers bear the burden of the tax.The…
Q: don't use chatgpt answer i will 5 upvote South Africa’s banking sector is controlled by a small…
A: The following is a step-by-step explanation of the response to the aforementioned query.…
Q: 1. With the use of appropriate graphs, illustrate and explain the following: a. How economic growth…
A: c. Economic growth is affected when the population growth rate increases by reducing the amount of…
Q: PLS HELP ASAP ON BOTH
A: 2. The correct answer is c) Measure the throat and multiply by 1.414 to obtain the equivalent leg…
Q: Question 4 Part E: You have decided to invest in a project to build and run a production line for a…
A: The initial cost is a one-time expense that occurs at the beginning of the project (Year 0).…
Q: Overall the reason for rising Healthcare costs in the United States could be explained by various…
A: Factors Contributing to Increased Healthcare Costs in the United StatesThe rising cost of healthcare…
Q: The BLS collects measures of unemployment. Multiple Choice four five six seven The BLS collects,…
A: The United States Bureau of Labor Statistics (BLS) gathers a variety of data to evaluate the…
Q: = 9.12. Consider the model of investment with kinked adjustment costs in Section 9.8. Describe the…
A: (A) Permanent upward shift of the π() function:Effect on ġ = 0 locus: The ġ = 0 ruling represents…
Q: Choose one or more: A. Next year, the average monthly Social Security payment will be almost $1,800.…
A: **B. The cost-of-living adjustment for 2020 is more than what it was in 2019:** The Cost-of-Living…
Q: typing clear i will give 5 upvotes
A:
Q: The graph illustrates the marginal costs of a thermometer producer facing a constant selling price…
A: First, we need to understand the concepts of marginal cost, fixed cost, variable cost, and revenue.…
Q: type plz
A: The Keynesian model, proposed by economist John Maynard Keynes, has been subject to several…
Q: Problem 4 Hiro owns and operates a small business that provides economic consulting services. During…
A: (a) Hiro's accounting profit can be calculated by subtracting his explicit costs from his total…
Q: i need typing clear urjent
A: Step 1:Step 2: Step 3: Step 4:
Q: Analyse the elasticity, monetary and absorption approach to Balance of Payments.
A: Let's delve into a more detailed explanation of the elasticity approach, monetary approach, and…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Increase government spending: In the event of a major recession, higher government spending helps to…
Q: Identify whether each attribute in the following table is an advantage or disadvantage of sharing a…
A: Approach to solving the question: Detailed explanation: Examples: Key references:
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Part (a):Suppose Darnell is currently using combination D, producing one tea towel per day. To find…
Q: Suppose the marginal propensity to consume is 0.81. What is the tax multiplier? Multiple Choice…
A: The tax multiplier is a measure of the change in aggregate production caused by changes in…
Q: PLS HELP ASAP ON BOTH
A: 2. The correct answer is c) bevel gauge.A bevel gauge is a tool used to measure and transfer angles,…
Q: For people with life-threatening allergies, carrying a device that can automatically inject…
A: A competitive market is an allocatively efficient market structure that sets a price equal to the…
Q: (II) The consumer has the income m = 50 and prices of the two goods are p 1 = 5 and p2 = 2. (a) Find…
A: Ans. ) Given the question that there is a consumer whose total income (m) is 50 and the prices of…
Q: pls help asap on both
A: 2. The correct answer is:d) A narrow kerf is producedIn the laser beam cutting process, one of the…
Q: According to the figure at right, autonomous consumption equals O A. $5,000. OB. $0. OC. -$5,000.…
A: Detailed explanation: Let's analyze the graph and determine the value of autonomous consumption. The…
Q: Working with Multipliers Help with the following two exercises. 1. Assume the MPC is 0.70 and the…
A: 1. Multipliers (M) explain the overall change in real GDP (Y) caused by an initial change in a…
Q: Dull 0 Saved Suppose a nation has disposable income of $41,000, if the nation consumes $35,000. What…
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: PLS HELP ASAP ON BOTH
A: 1. Busana's mutual fund dealer has given her a fee-based account. An investment advisor or financial…
Q: If the reserve requirement is 25%, a new deposit of $1,000 leads to a potential increase in the…
A: The correct answer is: 4,000 The potential increase in the money supply can be calculated using the…
Q: PLS HELP ASAP ON BOTH
A: 1. The difference between the balance sheet and the cash flow statement:Correct Statement: The…
Q: II. Elasticity a. When is demand perfectly elastic? When is demand perfectly inelastic? What are the…
A: In economic theory, the concept of externalities plays a significant role in understanding market…
Q: pls help asap on both
A: 1. Martensite is indeed characterized as a very hard, needle-like structure produced by a fast…
Q: PLS HELP ASAP ON BOTH
A: 1. To determine how much Leira's tax payable will be reduced by making a $5,000 contribution to a…
Q: None
A: Marginal Revenue is the increase in the revenue of a firm by selling one additional unit over the…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: The problem requires the determination of the future value. Future value is the amount of the…
Q: The table below shows the prices a household must pay for goods they purchase regularly. Year…
A: The objective of the question is to calculate the Consumer Price Index (CPI) for year 2 using year 1…
Q: Consider a firm in a perfectly competitive market that produces a quantity y of a single goodat…
A: In case (i), the firm's maximization problem is to choose the level of output y that maximizes…
Q: 18) Micah works at the zoo and wants to illustrate the cost of maintenance for each of the animals…
A: Micah wants to illustrate the cost of maintenance for each of the 12 types of animals in the Safari…
Q: What is the result of the politicians who are consistently reluctant to enact policies to fight…
A: The question is asking about the potential consequences of politicians not taking action to combat…
Q: A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It…
A: In this problem, we have the following variables:Annual demand (D) = 500,000 boxesStorage cost per…
Q: What is externality. Explain its both types negative and positive too.
A: An externality is a concept in economics that refers to the impact of an economic activity on…
Step by step
Solved in 2 steps
- 4. Suppose in 1977 Honda and Toyota each have to decide whether to build an automobile plant in the North American market. The payoff matrix below shows Honda's payoff on the left, and Toyota's on the right. Is there a Nash equilibrium? If so, where, and how do you know? Тoyota Build small Don't build anything plant Build small 16, 16 20, 15 Honda plant Don't build anything 15, 20 18, 18Consider the following game: ● ● U P1 M D P2 C R L 1, 24, 36, 5 1,5 2,7 4, 3 2, 43, 25, 2 Identify the undominated strategies of P1 and P2. Which strategies are rationalizable? Find all the Nash equilibrium of this game. Illustrate your answer by a clearly labelled best response graph, with P1's strategy on the x-axis and P2's strategy on the y-axis.5. To advertise or not to advertise Suppose that two firms, Lucky Bird and Full Coop, are the only sellers of seitan buffalo wings in some hypothetical market. The following payoff matrix gives the profit (in millions of dollars) earned by each company depending on whether or not it chooses to advertise: Lucky Bird Full Coop Advertise Advertise 9,9 Doesn't Advertise 3, 15 Doesn't Advertise 15,3 11, 11 For example, the lower left cell of the matrix shows that if Full Coop advertises and Lucky Bird does not advertise, Full Coop will make a profit of $15 million, and Lucky Bird will make a profit of $3 million. Assume this is a simultaneous game and that Lucky Bird and Full Coop are both profit- maximizing firms. If Lucky Bird chooses to advertise, it will earn a profit of S advertise. If Lucky Bird chooses not to advertise, it will earn a profit of s not advertise. million if Full Coop advertises and a profit of If Full Coop advertises, Lucky Bird makes a higher profit if it chooses…
- ABC Inc. Offer Rebate No Rebate XYZ Corp Offer Rebate 20. 10 30.0 No Rebate 12.16 20,4 Which of the following is true about the game above? Lutfen birini seçin. O A Both ABC and XYZ offer a rebate as a dominant strategy OB ABC's dominant strategy is not offer a rebate, O C ABCS dominant strategy is to cffer a rebate. O D XYZE dorninant strategy is to offer a rebate.10:04 PM cb = Chegg Economics Vo LTE expert.chegg.com/expertqna Time remaining: 00:09:49 Consider the following payoff matrix for two oligopolists that are deciding what quantity to produce: Firm 2 High Quantity Low Quantity $70k; $70k $130k; $20k High Quantity Firm 1 $20k; $130k $100k; $100k Low Quantity In the Nash equilibrium of this game, what are the payoffs to each firm? O a. Firm 1 receives $130k and Firm 2 receives $20k. O b. Firm 1 receives $20k and Firm 2 receives $130k. O c. Firm 1 receives $100k and Firm 2 receives $100k. O d. Firm 1 receives $70k and Firm 2 receives $70k. Answer Skip 4G Exit 2 ¹20%1. Consider the following Prisoner's Dilemma Game: C D C 2,2 0,3 D 3,0 1,1 Calculate the values of 8 (if any) to achieve a subgame perfect equilibrium in the infinitely repeated game, with the following Pavlov strategy for both players: 1. To Choose C in period 1 2. To choose C after any history where the action chosen in the last period were either (C,C) or (D,D). 3. To choose D after any other history. Repeat the above analysis for the PD game with payoff matrix: C D C 4,4 0,6 D 6,0 1,1
- 4. Consider the following game. There are two players and two possible simultaneous move games A and B. Player 1 first chooses which game is to be played; both player observe which game is played and choose their strategy. The payoff matrices for Game A and B are given by : where k> >0. Game A U D L (10,5) (0,0) R (0,0) (5,10) Game B: U D (a) Write down the extensive form of this game. (b) Assume k = 2. Solve for all subgame perfect Nash equilibria of this game. L R (kk) (0,0) (0,0) (0,0) (c) Can you find a value of k such that there exists a SPNE in which player 1 chooses game B? Can you find a value of k such that all SPNE involve player 1 choosing game B?1. Consider a two player, simultaneous move game. The strategies available to each player and payoffs are shown in the following matrix form: Player 2 C L R 6,4 5,2 8,5 4,4 9,3 5,9 B 7,5 4,4 5,2 Game 5 T Player 1 M a) Find and write down the Nash equilibria in pure strategies, if any exist. b) Say that instead of being a simultaneous move game this game had been sequential. First player 1 will choose a strategy and then player 2 will observe the choice made by player 1 and choose a strategy. The full structure of the game, including all payoffs, is common knowledge to both players. Sketch a game tree to represent the extensive form of this game. Find and write down the subgame perfect Nash equilibria.3.1 Do either of the two telecommunications firms have a dominant strategy in this interaction?If so, what are these dominant strategies? 3.2 What is the Nash Equilibrium of the game above? Clearly, show the logic you use to reachyour conclusion. What type of game is this? 3.3 Suppose the two firms could incentivize or punish each other, could the two firms find theirway to the socially optimum outcome? How would they do this? After observing the strategic interaction between Globogym and Average Joe’s, the governmentdecides to pass a law that states that the two terms must pre-commit to the quantities of trainingsessions they will supply to the American market.Market demand for training sessions is still modeled as ? = 400 − 0.2?, as before, and the marginalcost of production is constant at R40 per call. Let the number of sessions provided by Globogym berepresented by ?G and the quantity provided by Average Joe’s be represented by ?A. 3.4 Solve the firms’ reaction functions and…
- 15. Consider two competing firms, JR and OG. Suppose OG produces an estab- lished product and JR can either produce a clone or a differentiated product. If JR produces a clone, OG can either sue JR or not sue it. If JR produces a differentiated product rather than a clone, OG can either buy JR or not buy it. The two firms are in a non-cooperative game whose extensive form is rep- resented in the tree diagram below, where the payoffs on the right represent profits. -1 for OG 1 for JR sue OG don't -2 for OG clone sue 1 for JR JR don't clone 1 for OG -1 for JR buy OG don't buy 2 for OG 0 for JR If the two firms' managers are rational and recognize each other as rational, then (a) JR clones and OG sues (b) JR does not clone and OG buys (c) JR does not clone and OG does not buy (d) JR clones and OG does not sue (e) JR clones and OG sues with probability .5II.2 Companies A and B can compete on advertising or R&D. The profits (in millions of $ million) of the two firms are given in the table below assumig that they play a one-shot simultancous mov game (the profit or firm A is listed first in every cell of the matrix, followed by the profit of firm B): Advertising R&D 50, 25 10, 70 20, 40 60, 35 1. Find the mixed strategy equilibrium. A\B Advertising R&D 2. What are the expected profits for both firms in this equilibrium?1. Consider the following game between TinMan (TM) and Scarecrow (SC). Each of the two players have two strategies at each node: North and South (uppercase N and S for Scarecrow; lowercase n and s for TinMan). N 4, 5 5, 4 S SC TM TM S n 1, 0 S SC TM SC 3, 2 2, 2 0, 1 N 2, 3 a. Find the subgame perfect Nash equilibrium of this game. b. Write the game in strategic form and find all the pure strategy Nash equilibria.