Q3 QUESTION 1Policies for controlling toxic emissions include the following:OA Controlless of toxic airborne absorptionsB. Control of waterborne toxicsC. All of the answersD. The toxic release absenceQUESTION 2The impacts of economic growth on environment are equal for the related countriesO TrueFalseQUESTION 3Sovereignty is jeopardized as result of globalizationO TrueFalseQUESTION 4Environmental Impacts of Globalization NOT include:A. Increase trade worldwideO B. National polutionC. Environmental Regulations as Trade RestrictionsD. GDP if depends on trade might lead for trade sanctions

Sovereignty Sovereignty is the supreme supervisor, or agency, in the country's decision-making…

QUESTION 1 Policies for controlling toxic emissions include the following: A. Controlless of toxic airborne absorptions B. Control of waterborne toxics C. All of the answers D. The toxic release absence QUESTION 2 The impacts of economic growth on environment are equal for the related countries O True O False QUESTION 3 Sovereignty is jeopardized as result of globalization True False QUESTION 4 Environmental Impacts of Globalization NOT include: OA Increase trade worldwide O B. National pollution C. Environmental Regulations as Trade Restrictions D. GDP if depends on trade might lead for trade sanctions

QUESTION 1 Policies for controlling toxic emissions include the following: A. Controlless of toxic airborne absorptions B. Control of waterborne toxics C. All of the answers D. The toxic release absence QUESTION 2 The impacts of economic growth on environment are equal for the related countries O True O False QUESTION 3 Sovereignty is jeopardized as result of globalization True False QUESTION 4 Environmental Impacts of Globalization NOT include: OA Increase trade worldwide O B. National pollution C. Environmental Regulations as Trade Restrictions D. GDP if depends on trade might lead for trade sanctions

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider a city where everyone commutes to the city center, and the commuting cost per mile per month is $50. Each household occupies a 1,500-square-foot dwelling and has $10,000 worth of possessions in its dwelling. The probability that any particular household will be burglarized and lose all its possessions (no insurance) is 0.2 (per month) at the city center and decreases by 0.01 per mile (to 0.19 at one mile, 0.18 at two miles, and so on). The price of housing is $2 per square foot at the city center. 1. Starting from the center, a one-mile move outward changes the expected value of the loss from crime from_______ to _______, a change of _________ per square foot. 2. The slope of the housing-price curve is _________, computed as __________ 3. Draw the housing-price curve for locations up to five miles from the city center. The price changes from ________ at the city center to _________ five miles away.
Let's say we have a game called "guess 2/3 of the average," where players can choose any number x ∈ [0, 100]. 5% of players are at level N0, 40% at level N1, 35% at level N2, 15% at level N3, and 5% at level N4. Players at level N0 choose a number randomly, while players at higher levels choose a number according to their beliefs, which are as follows: players at higher levels believe that all other players are one level lower than themselves. (a) What will be the winning number and which level players will be the winners? (b) Under the assumptions of classical game theory, the mentioned version of the game "guess 2/3 of the average" has exactly one equilibrium, in which everyone chooses the number 0. Prove that this outcome is indeed a Nash equilibrium of the game.
Q19
The research department at a manufacturing company has developed a new process that it believes will result in an improved product Management must decide whether to go ahead and market the new product. The new product may or may not be better than the old one. If the new product is better and the company decides to market it, sales should increase by $50,000. If it is not better and they replace the old product with the new product on the market, they will lose $24,000 to competitors. If they decide not to market the new product, they will lose a total of $30,000 if it is better and just research costs of $10,000 if it is not. Answer parts a through c below. (a) Prepare a payoff matrix. (Type an integer or decimal for each matrix element. Do not include the $ symbol in your answer.) (b) If management believes there is a probability of 0.4 that the new product is better, find the expected profits under each strategy and determine the best action. Select the correct answer below and fill…
Matthew is playing snooker (more difficult variant of pool) with his friend. He is not sure which strategy to choose for his next shot. He can try and pot a relatively difficult red ball (strategy R1), which he will pot with probability 0.4. If he pots it, he will have to play the black ball, which he will pot with probability 0.3. His second option (strategy R2) is to try and pot a relatively easy red, which he will pot with probability 0.7. If he pots it, he will have to play the blue ball, which he will pot with probability 0.6. His third option, (strategy R3) is to play safe, meaning not trying to pot any ball and give a difficult shot for his opponent to then make a foul, which will give Matthew 4 points with probability 0.5. If potted, the red balls are worth 1 point each, while the blue ball is worth 5 points, and the black ball 7 points. If he does not pot any ball, he gets 0 point. By using the EMV rule, which strategy should Matthew choose? And what is his expected…
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Two identically able agents are competing for a promotion. The promotion is awarded on the basis of output (whomever has the highest output, gets the promotion). Because there are only two workers competing for one prize, the losing prize=0 and the winning prize =P. The output for each agent is equal to his or her effort level times a productivity parameter (d). (i.e. Q2=dE1 , Q2=dE2). If the distribution of “relative luck” is uniform, the probability of winning the promotion for agent 1 will be a function of his effort (E1) and the effort level of Agent 2 (E2). The formula is given by...Prob(win)=0.5 + α(E1-E2), where α is a parameter that reflects uncertainty and errors in measurement. High measurement errors are associated with small values of α (think about this: if there are high measurement errors, then the level of an agent’s effort will have a smaller effect on his/her chances of winning). Using this information, please answer the following questions. Both workers have a…
The probability that it will rain on any given day is 0.20, and the probability is independent from day to day. You are trying to decide whether or not to make a tee time tomorrow to play golf. This requires a commitment on your part of turning down, say, movie tickets in favor of playing golf. If you accept the tickets, you also make the commitment not to go golfing. There is a weather forecast that signals whether it will rain tomorrow or not. There is a 0.80 probability that it rains when there is a "rainy" forecast and a 0.125 probability of rain when there is a "sunny" forecast. The overall probability of getting a "rainy" forecast is 0.111. Assume you are risk neutral. You place the following monetary values on the potential outcomes: a sunny day at $95 the golf course a rainy day at the movies a rainy day at home a sunny day at the movies $20 -$18 $1
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Nn3 Suppose an incumbent monopoly firm currently earns a profit of $50,000 per period. A potential entrant could enter and make a profit of $15,000 per period while also lowering the incumbent’s profit to $20,000 per period. The monopoly firm could seek to engage in predatory pricing, which would lead to both firms earning a loss of $5,000 per period. (a) Is there a Nash Equilibrium in this game? If so, what is it? (b) Discuss how this game might play out in the real world?
the video link is: https://www.youtube.com/watch?v=aqEz6kvXhc8please give me detailed solutions and calculations, thank you!
Bella Robinson and Steve Carson are running for a seat in the U.S. Senate. If both candidates campaign only in the major cities of the state, then Robinson is expected to get 80% of the votes; if both candidates campaign in only rural areas, then Robinson is expected get 75% of the votes; if Robinson campaigns exclusively in the city and Carson campaigns exclusively in the rural areas, then Robinson is expected to get 30% of the votes; finally, if Robinson campaigns exclusively in the rural areas and Carson campaigns exclusively in the city, then Robinson is expected to get 65% of the votes. (a) Construct the payoff matrix for the game. (Enter each percentage as a decimal.) Carson City Rural Robinson CityRural Is the game strictly determined? YesNo (b) Find the optimal strategy for both Robinson (row) and Carson (column). P = Q =