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Game theory and the design of auctions
How can the concepts of game theory be applied to buying through ecommerce or a retail store? Can you show me an illustration.
Macroeconomics, Economics
Please Answer The Following Four Discussion Questions 1. Explain four types of unemployment 2. Explain the advantages and disadvantages of: (a) A flexible exchange rate regime (b) A fixed exchange rate regime 3. Suppose ...
Question: Suppose you are the chief executive officer of a small pharmaceutical company that manufactures generic aspirin. You want the company to maximise its profits. You can sell as many aspirins as you make at the pr ...
Question - Brazil points to its shrimp-farming industry as an example of how it can export shrimp in the world market. One decade ago, Brazil exported a meager 400 tons of shrimp. Today, Brazil exports more than 58,000 t ...
Question: Jane's juice bar has the following cost schedules: quantity variable cost total cost 0 vats of juice 0 30 1 10 40 2 25 55 3 45 75 4 70 100 5 100 130 6 135 165 a. calculate average variable cost, average toal co ...
Question: To study a macroeconomy we calculate aggregate quantities in real terms because? 1) it is then easier to take logarithms 2)it is the only way to reconcile the three approaches to measuring GDP 3) we want to get ...
Question - Consider firms in the market for get-rich-quick schemes. For this problem, assume get-rich-quick schemes are indivisible (so there can only be 1, 2, 3, etc.). Now, the more schemes there are in the market the ...
Question - Given: Setup Cost for a production equipment-$625/ setup New setup cost -$25 per setup for a lot size of 100. Based on the data given above, answer the following questions. i. What was the lot size for the old ...
Question: In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take ...
Question: Suppose that there is a natural disaster that destroys part of the nation's capital stock. A) Determine the effects on aggregate output, consumption, employment, and the real wage, with reference to income and ...
Question: 1. (True) or X(False) 1. Opportunity cost is the cost for obtaining an opportunity. 2. Positive economics is an economic activity for positive results. 3. Beef and chicken are Normal Goods. 4. Peanut Butter and ...
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