Explain all option compulsary.....you will not explain all option then I will give you down upvote... The figure below shows the marginal benefit and marginal cost curves for a pollution cleanup project.Pollution CleanupBenefits and Costs2,7502,5002,2502,0001,7501,5001,2501,0007505002500MCMB25 50 75 100 125 150 175 200 225 250Quantity of Pollution Cleaned UpWhat is the optimal level of pollution cleanup?Multiple Choice2,500 unitsО1,500 unitsО125 units225 units

Ans. ) Given the graph that shows the marginal benefit and marginal cost curves for pollution…

Answered: The figure below shows the marginal…

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

1 explain the role of ceteris paribus in economic analysis
10. Sunk costs and decision making Carlos has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Deborah, vwhom Carlos has wanted to date for a long time, asks him to a party. Carlos vwould prefer to go to the party with Deborah and forgo the opera, but he doesn't want to waste the $100 he spent on the opera ticket. From the perspective of an economist, if Carlos decides to go to the party with Deborah, what has he just done? Made a choice that was not optimal Incorrectly allowed a sunk cost to influence his decision O Correctly ignored a sunk cost
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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…
Mon poogle weld ascher andes one hamburger and one order of French fries, rather than two hamburgers and no Preech fries. Explain why economists consider this an example of rational decision making
how "framing effect" in economy from behaviorual economy affects managers decision making for increasing companies' profit?
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
Hello, please help me to solve part (d) and (e):Charlie finds two fifty-pence pieces on the floor. His friend Dylan is standing next to him when he finds them. Chris can offer Dylan nothing at all, one of the fifty-pence pieces, or both. Dylan observes the offer made by Charlie, and can either accept the offer (in which case they each receive the split specified by Charlie) or reject the offer.If he rejects the offer, each player gets nothing at all (because Charlie is embarassed and throws the moneyaway).(a) Formulate this interaction as an extensive-form game. To keep things simple, players’ payoff is equal to their monetary gain.(b) List all histories of the game. Split these into terminal and non-terminal histories.(c) What are the strategies available to Charlie? What are the strategies available to Dylan? Draw the strategic-form game.(d) Find the pure-strategy Nash equilibria of this game.(e) What do you think will happen?
whith practical examples distinguish between sacale of preference and opportunity cost

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