1. Bob orders 40 cases of beer from a Dutch distributor at a price of $40 per case.2. A U.S. company sells 200 transistors to a Spanish company at $15.00 per transistor.3. Eric, a U.S. citizen, pays $1,100 for a computer he orders from Dellosoft (a U.S. company).Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the currentyear.Hint: Be sure to enter a "0" if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative.Amount(Dollars)ConsumptionInvestmentGovernment PurchasesImportsExportsNet ExportsGross Domestic Product (GDP)

When Bob orders 40 cases of beer at a price of $40 per case, then the consumption and import can be…

Answered: 1. Bob orders 40 cases of beer from a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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015-FL20: Problem Set X 9 lai_146 fl20_ps5 (1).pdf afos/Downloads/lai_146_fl20_ps5%20(1).pdf Player 2 C Т 2,0 1, 1 4,2 Player 1 M 3, 4 1,2 2,3 1,3 0,2 3,0 4. Consider the following static game in which Player 1 has three actions: T, M, B; and Player 2 has three actions: L, C, R. (a) Find the two Nash equilibria of this game. (b) Consider an alteration of the game. Action B is no longer available to Player 1, and Action R is no longer available to Player 2. When Player 2 plays L, Player 1 gets 5 instead of 2 when he plays T. Also, Player 1 will move first, and Player 2 will move second after observing Player l's move. Draw the game tree of this altered game and find the sub-game perfect equilibrium. R.
Consider the following situation. Maipo and Pisco need to decide how to divide a cake between the two of them. Both like cake and want to get as much cake as they can. They decide to let Maipo cut the cake first and then Pisco gets to pick which piece he wants. For simplicity, assume that Maipo can only cut the cake in two ways: He can either divide it into two pieces that are equal size (i.e., both will get half the cake) or he can divide the cake into two pieces where one piece is twice the size of the other (i.e., one will get a piece that is two-thirds of the cake and the other will get a piece that is one-third of the cake). Set up this game as a sequential game and draw the game tree that represents it Note: You can either draw the game tree by hand and then photograph/scan the tree and paste it into the assignment or use the drawing tool in Word to draw the tree. Find the sub-game perfect Nash Equilibria to this game. Underline the strategies or highlight the…
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Suppose that a technological innovation decreases BYOB's costs so that it now faces the marginal cost (MC) and average cost (AC) given on the following graph. Specifically, the technological innovation causes a decrease in average fixed costs, thereby lowering the AC curve and moving the MC curve. Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and quantity for BYOB. If BYOB is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if BYOB is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing the loss. PRICE (Dollars per unit) 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0 0 MC 0.5 MR AC 1.0 1.5 2.0 2.5 3.0 QUANTITY (Thousands of cans of beer) 3.5 D 4.0 Monopoly Outcome Profit Loss ?
Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms. (At the same time, some Internet businesses such as grocery home deliveries have continually suffered steep losses regardless of scale. Explain why.) Could lower transaction costs in e-commerce ever make it easier for small suppliers to compete? As noted in the previous chapters, network externalities are often an important aspect of demand for information goods and services. (The benefits to customers of using software, participating in electronic markets, or using instant messaging increase with the number of other users.) How might network externalities affect firm operating strategies (pricing, output, and advertising) and firm size?
(Table: Sydney's Tutoring Service) Use Table: Sydney's Tutoring Service. Sydney tutors five students in the introductory business class. The second column of the table shows each student's willingness to pay for a one-hour session. Sydney's estimated costs of providing tutoring hours (with no sunk costs) appear in the final column. If she can charge all students their willingness to pay, at the optimal number of hours of tutoring, Sydney's total profit will be: Table: Sydney's Tutoring Service Willingness to Student Paulina Quentin Ramona Sylvia Tim $30. $50. $15. $60. pay $25 15 5 20 10 Hours of tutoring Sydney's cost 1 2 345 $5 10 15 20 25
What is a cooperative strategy that Apple is using or has used. If they aren’t using one, how might they benefit by using a cooperative strategy?
Question 4 A bus is crowded for travel during peak hours. During such travel hours two daily passengers ‘Ali’ and ‘Hassan’ enter the Metro. Luckily, two adjacent seats are free in the bus. Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing.(Note: for all parts below consider Ali as ‘row player’ and Hassan as ‘column player’. Take the game as a simultaneous game NOT sequential). Show ALL steps and working in support to your answersa) Assume that both ‘Ali’ and ‘Hassan’ are altruistic, ranking outcomes according to the other person’s comfort and, out of politeness, prefer to stand than to sit if the other person stands. Model the situation as a strategic game b) Find any Nash equilibrium (equilibria) if it exists. c) Does a dominant strategy exist for either ‘Ali’ or ‘Hassan’ with these preferences?
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38. On January 7, Scott sends a letter to Aaron offering to sell his Xbox video game system for $50. On January 10, Aaron mails a letter of acceptance. On January 11, prior to receiving Aaron's letter, Scott faxes a letter to Aaron revoking his offer to sell his Xbox. As to the letters sent by Scott and Aaron: Aaron's letter is merely a counter-offer and Scott has the power to revoke. b. a. Scott's revocation is valid, no contract exists. Aaron's acceptance is effective upon dispatch and a valid contract exists. no contract because this contract must be in writing. C. "P
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