Explain all option compulsary ......you will not explain all option then I will give you down upvote... The Department of Transportation isplanning to replace a four-way stopintersection with a round - about. TheDepartment estimates the replacement willcost $500,000 in material and require 800labor hours. The annual maintenancebudget is $25,000. The hourly wage on thisproject will be $42.50. The averageconstruction wage in the area is $35.00 perhour. The round - about should save drivers100,000 hours annually. The average hourlywage in the area is $24.64. There havebeen no fatalities or major accidents at theintersection in recent years. What is thefirst-year cost of the project? a $528,000 b.$534,000 C. $553,000 d. $559,000

The Department of Transportation is considering replacing a four-way stop intersection with a…

Answered: The Department of Transportation is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Lx Give Up? V Hint Check Answer Question 6 of 14 Attempt 2 6. Trigger strategies in repeated games a. Under a tit-for-tat strategy, a player retaliates permanently against any decision by an opponent to defect - b. Under a grim trigger strategy, a player allows an opponent to defect one or more times before retaliating c. Under a trembling hand trigger strategy, a player repeats each prior move of a competitor d. In the box below, rank the three trigger strategies in order of harshest to most lenient. Question Source: Chiang 4e- Economics Principles For A Changing World Publisher 43°F a 近

please correctly explains each option correct or incorrct not copy paste
Please no written by hand solutions Consider a game between two friends, Amy and Brenda. Amy wants Brenda to give her a ride to the mall. Brenda has no interest in going to the mall unless her favorite shoes are on sale at the large department store there. Amy likes these shoes as well, but she wants to go to the mall even if the shoes are not on sale. Only Amy subscribes to the newspaper, which carries a daily advertisement of the department store. The advertisement lists all items that are on sale, so Amy learns whether or not the shoes are on sale by showing the newspaper to Brenda. But this is costly for Amy, because she will have to take the newspaper away from her sister, who will yell at her later for doing so. In this game, nature first decides whether or not the shoes are on sale, and this information is made known to Amy (Amy observes whether nature chose S or N). Nature chooses S with probability p and N with probability 1-p. Then Amy decides whether or not to take the…
Please no written by hand and no emage Two classmates A and B are assigned a group project. Each student can choose to Shirk or Work. If one or more students chooses Work, the project is completed and provides each with credit valued at 4 payoff units each. The cost of completing the project is that 6 total units of effort (measured in payoff units) is divided equally among all players who choose to Work and this is subtracted from their payoff. If both Shirk, they do not have to expend any effort but the project is not completed, giving each a payoff of 0. The instructor can only tell whether the project is completed and cannot determine which students contributed to the project. A. Write down (draw) the normal form game, with payoff in the format of (player A payoff, player B payoff). Note that we assume students choose to Shirk or Work simultaneously. B. Does either player have a dominant strategy? C. Find the Nash equilibrium or equilibria. D. Explain ‘Prisoners’ dilemma’ using the…
In economics the cost of doing somethin is a) the value of the next best opportunity not taken b) the list dollar cost c) the money, out-of-pockey expenditure. d) all of the above
Oscar purchased a $30 steak for dinner, but burned it bad on the grill. Since he paid top dollar for the steak he figures he should eat it anyways. Is Oscar properly using economic reasoning? Yes, the marginal cost of not eating the steak would be $30. No, the $30 spent on the steak is a sunk cost and should not be included in his decision whether to eat the steak or not.. Yes, if he doesn't eat the steak he will have wasted economic resources. No, the opportunity of eating the steak is whatever else he could have purchased for the $30.

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