"Wearing mask and using the sanitizer has helped in controlling the spread of COVID-19". This statement is O a. All of these given options O b. A question O c. An opinion O d. Scientifically proven
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- 6-It is illegal and unethical to download and install a pirated copy of Microsoft Office on your own laptop. Select one : True O False1. Andy lives in an apartment next to Bob. Bob plays loud music, which reduces Andy's enjoyment of the apartment. With no noise, Andy gets $1000 in value from the apart- ment. With noise, Andy gets value of $500. Bob gets $1000 in value from playing his music. He can play quietly so that Andy is undisturbed, but that reduces his valuation by $1300 (so total value -$300). Bob's other option is to stop making playing music entirely. Alternatively, Andy can buy headphones which block out the noise, at a cost of $200. There are thus four possible outcomes 1. Bob plays music loudly, Andy does nothing 2. Bob plays music quietly 3. Bob plays no music at all 4. Bob plays music loudly, Andy gets headphones Consider the following questions: (c) Suppose instead that we are under a damages rule. What will be the outcome? (d) Now suppose that we are back under the property rule, but transaction costs are zero. What will be the outcome (which of (I)-(IV)), and how do you know? (e) What…12. Consider a game where each player picks a number from 0 to 60. The guess that is closest to half ofthe average of the chosen numbers wins a prize. If several peopleare equally close, then they share theprize. The game theory implies that (A) all players have dominant strategies to choose 0 (B) all players have dominant strategies to choose 30 (C) there is a Nash equilibrium where all players pick 0 (D) there is a Nash equilibrium where all players pick positive numbers 13. Behavioral data in such games suggests that (A) most subjects choose 0; (B) most subjects choose 30; (C) common answers include 30, 15, 7.5, and 0; (D) most subjects use randomization. Can you help me answer number 13 please?
- Best choiceConsider a small town with two competing restaurants: Doug’s Diner and Betty’s Bistro. There is 1000profit to be made in the market. Each period, the restaurants simultaneously decide whether to offer high orlow quality food. In order to offer high quality food, each restaurant must hire an expert chef, which incursan additional cost of 100. The restaurants split the profit equally if they offer the same quality of food. Ifone restaurant offers high quality food while the other offers low quality food, the high quality restauranttakes four fifths of the profit and the low quality restaurant takes one fifth of the profit.(a) Draw up the normal form game matrix, showing the players, strategies, and payoffs.(b) Determine the Nash equilibrium of this game.(c) Explain how the restaurant owners could both be better off than in the Nash equilibrium if they wereable to cooperate. Is the town as a whole better off or worse off when the firms cooperate? Why or whynotA corrective tax on pollution O a. sets the quantity of pollution. b. determines the demand for pollution rights. c. reduces the incentive for technological Innovations to further reduce pollution. d. sets the price of pollution. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
- A5C.F5 % 16 5 F6 6 PRICE F7 87 63 & 42 36 24 15 0 Refer to Figure 10-5. The socially optimal quantity of outpurus O a. 240 units, since the value to the buyer of the 240th unit is equal to the cost incurred by the seller of the 240th unit. O b. 240 units, since the value to society of the 240th unit is equal to the cost incurred by the seller of the 240th unit. O c. 420 units, since the value to the buyer of the 420th unit is equal to the cost incurred by the seller of the 420th unit. O d. 420 units, since the value to society of the 420th unit is equal to the cost incurred by the seller of the 420th unit. F8 * 8 240 8 QUANTITY F9 ( 9 420 Y JUDUL F10 Supply O Social Value Demand -O- ) F F11 O:+ F12 || PrtSc 000 =Which of the folowing reresents an efot to corec for an adverse selection problem? O a An employer requires al employees to submit to dru testing. Ob. The govemment subsidises the development of cofriendl proucion methods. Oc. An employer reguire al mployes to purchase employer-sponsored dental insurance. O d. The govermment imposes a tax on a factory emiting a toxicsubstance. O e. The govemment subsidses the consumpton of ftness actvite.
- Suppose that there is an environmental policy that could reduce the average concentration of a toxic substance to which 3 million people are exposed. Suppose that as a result of the reduction in exposure the risk of death reduces from 1 out of 50,000 to 1 out of 60,000. a. What is the expected number of lives that could potentially be saved from this environmental policy? a. If each of the 3 million people who are exposed is willing to pay $8 for this reduction in risk, then what is the implied value of a statistical life that is potentially saved as a result of this environmental policy? a. Your boss asks you to estimate what must be the maximum cost of such an environmental policy. Provide a justification for the upper limit on the cost of such an environmental policy.1. Consider the following conversation.CHAD: “None of the COVID-19 vaccines in Canada has full Health Canadaapproval, and if you get injured from the vaccines, then the pharmaceutical companiesare not liable. Furthermore, the vaccines do not prevent against the spread ofcoronavirus, though they may reduce symptoms. However, their efficacy wanes aftera few months.”VIRGO: “Vaccines have helped humanity to conquer diseases like tetanus andsmallpox. Why are you saying that vaccines don’t help at all?”Which logical fallacy does Virgo commit?(A) Argument from authority.(B) Ad Hominem.(C) Post Hoc Ergo Procter Hoc.(D) Straw Man.6