Mohamed and Kate each pick an integer number between 1 and 3 (inclusive). They make their choices sequentially.Mohamed is the first player and Kate the second player. If they pick the same number each receives a payoff equal to the number they named. If they pick a different number, they get nothing. What is the SPE of the game? Select one: a. Mohamed chooses 3 and Kate is indifferent between 1, 2 and 3. b. Mohamed chooses 3 and Kate chooses 1 if Mohamed chooses 1, 2 if Mohamed chooses 2, and 3 if Mohamed chooses 3. O c. Mohamed chooses 1 and Kate chooses 1 if Mohamed chooses 1,2 if Mohamed chooses 2 and 3 if Mohamed chooses 3. Od. Mohamed chooses 3 and Kate chooses 3.

Q: Pat is a representative consumer in the neighbourhood market for Jr Chickens. Their utility function…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: 7. The long-run supply curve in different cost industries The following graph shows the market for…

A: The demand curve is a graphical representation of the relationship between the quantity demanded of…

Q: A decrease in business taxes will tend to Multiple Choice Increase aggregate demand but not change…

A: Business taxes directly affect the costs of production for firms, influencing their investment…

Q: Incentives such as tax breaks for fuel-efficient cars or the use of social stigma to discourage…

A: Tax breaks refer to reduction of tax rate for individuals or firms which reduces tax liability for…

Q: Output AFC AVC ATC MC 1 $ 300 $ 100 $ 400 $ 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60…

A: The cost data for a firm that is selling in a purely competitive market is given…

Q: Which of the following is a part of the current account in the balance of payments? A) Foreign…

A: Balance of payment is the systematic record of all economic transactions done by residents of a…

Q: 3 1 The graph below illustrates the money demand and investment demand for the economies of Pabst…

A: Note: As per policy we are supposed to do only the first three sub parts. Please repost the question…

Q: 2. Suppose that two products, i= 1, 2, are located at the extreme ends of the [0,1] interval. Let li…

A: Stackelberg equilibrium is a concept in game theory that describes a situation in which firms in an…

Q: What is the amount of 8 equal annual deposits that can provide seven annual withdrawals, when a…

A: The investments will be made by people to get certain amount of return as benefits in future.The…

Q: Consumer Maximum Price Actua Willing to Pay (Equilibrium Price) A $ 80 $ 52 B 70 52 C 52 52 D 48 52…

A: Consumer surplus is the economic benefit or surplus gained by consumers when they purchase a good or…

Q: demand and supply equations

A: An equilibrium price function refers back to the mathematical representation of the fee stage at…

Q: What is the role of banks as financial intermediaries? a) Savers go directly to the banks for funds.…

A: The question is asking about the role of banks as financial intermediaries. Financial intermediaries…

Q: $ per Unit of Output q Quantity AC AVC MR $ per Unit of Output Quantity D In the long run, we should…

A: The question is asking about the long-term expectations in a competitive market. In a competitive…

Q: Figure 31-3 On the following graph, MS represents the money supply and MD represents money demand.…

A: The objective of the question is to identify which event could cause a shift in the money supply…

Q: explain both in words and diagrammatically how the following government policy affect the economy’s…

A: The government's strategy of giving investment tax credits to businesses buying machinery or…

Q: The figure above shows the domestic market for calculators in Haiti. What is the change in total…

A: The buyers and sellers exchange goods across international borders is known as international trade.…

Q: self-employed category

A: The self-employed class refers to a pathway for those who intend to set up their own business or…

Q: What economic principle suggests that individuals will continue to consume more of a good or service…

A: The issue includes distinguishing the financial rule that places people will consume even more a…

Q: Instructions: Manipulate the settings in the interactive tool as needed, and observe the resulting…

A: Domestic quantity supplied = 110Domestic Quantity Demanded = 190 world price = $800Domestic price =…

Q: Which of the following elements is not a requirement for a plaintiff to recover damages under the…

A: The issue here is to distinguish the component that is not expected for an offended party to…

Q: A polluting firm has Marginal Abatement Costs as graphed below and is faced with an emissions tax =…

A: In this question we are given with a graph depicting marginal abatement costs of a polluting firm…

Q: Hilary's Flower Shop increased its total monthly revenue from $3.500 to $4, 200 when it reduced the…

A: the price elasticity of demand for Hilary's Flower Shop is -2.5Explanation:The price elasticity of…

Q: Question 19 An award of punitive damages will encourage the efficient level of precaution when O the…

A: An award of punitive damages will encourage the efficient level of precaution when the injurer's…

Q: ill in the Blank question. Even though they had more disposable income due to stimulus checks from…

A: Economics refers to the study of scarcity and its implications for the use of resources, production…

Q: no handwritten notes

A: Diagram A: Inflationary GapDiagram B: Recessionary GapDiagram C: Long Run…

Q: In the framework of monopolistic competition advertising works because it causes A) the steeper…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first question for you. If…

Q: PRICE (Dollars per scooter) Profit maximization in the cost-curve diagram e following graph plots…

A: In this question we are given with cost curves of a firm operating in the competitive market for…

Q: Problem A large company in the communication and publishing industry has quantified the relationship…

A: Given,

Q: Macmillan Learning You have been appointed head of marketing for Barry's Younique Yachts. Barry, the…

A: Barry who is the head of the company Yunique Yachts has decided to reduce the firm’s fee on yachts…

Q: The following table depicts the cost and revenue structure of a profit-maximizing firm. Q 0 1 2 3 4…

A: Economics refers to the study of scarcity and its implications for the use of resources, production…

Q: Exercise 6.8. Consider the following extensive-form game with cardinal payoffs: 1 1 000 2 R M 3 1…

A: Nash equilibrium is a concept in game theory that describes a situation in which each participant in…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: The GDP in the country is (Y)=$1,170 million.Government purchases (G)=$300 million. Taxes minus…

Q: (c) Consider a two-period small open endowment-economy populated by a large number of identical…

A: Given,

Q: You are offered a device that uses machine learning to improve performance. You expect it to produce…

A: Monthly cash flows of the machine are- $10000, $40000, $70000 and $100000.The discount rate is 12…

Q: Use the following diagram: PRICE Supply Demand QUANTITY The diagram above shows the demand and…

A: Market equilibrium basically refers to a scenario at which the demand of the goods or services is…

Q: Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles and…

A: The value of alternative opportunities foregone and sacrificed to acquire one unit of a commodity is…

Q: ___________is a benefit of an activity borne by someone not engaging in the activity.

A: Positive Externality is a benefit of an activity borne by someone not engaging in the…

Q: explore the assertion regarding the state of Financial Markets, both globally and within the…

A: The Efficient Market Hypothesis (EMH) posits that financial markets are "perfect" in the sense that…

Q: Which of the following is(are) good example(s) for explaining the economic concept of scarcity? (We…

A: The concept of scarcity serves as a foundational principle shaping decision-making processes and…

Q: Assume that the current Yen/Dollar exchange rate is one Dollar equals 100 Yen. Using a graph show…

A: The Foreign Exchange (FOREX) market plays a crucial role in the global economy by enabling…

Q: Suppose that Tim runs his own lawn care service and that his firm is competitive in the lawn care…

A: In this question we are given with Tim and his competitive firm, Tim wants to determine his…

Q: Suppose a firm operates as a monopoly in the domestic (home) market for a product. The demand for…

A: Monopoly refers to a market structure where there is a single seller and a large number of buyers in…

Q: 2. Calculez le taux d'intérêt nominal sur deux ans en utilisant la formule exacte et la formule…

A: Pour calculer le taux d'intérêt nominal sur deux ans, nous utiliserons la formule exacte et la…

Q: Question 1 A design firm is considering multiple independent projects for the upcoming quarter. For…

A: Present worth will help to understand the future investment or a project can yeild in terms of…

Q: If the price level increased from 120 to 142, then what was the inflation rate?   1.2 percent…

A: The objective of this question is to calculate the inflation rate given the initial and final price…

Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):…

A: Abatement costs: refers to the cost of reducing environmental negatives like pollution.Marginal…

Q: do fast.

A: The question is asking about the ratios that are used to determine whether borrowers have the…

Q: 2. Suppose a production function is q = K1/21/3 and in the short run capital (K) is fixed at 100. If…

A: The objective of the question is to find the short run production function given the production…

Q: In a market economy, what mechanism determines the price and quantity of goods sold? A) Government…

A: The issue is to distinguish the system in a market economy that normally lays out the costs and…

Q: 7.34. This problem will enable you to apply a revealed preference argument to see if a firm is…

A: The issue concerns utilizing a revealed preferences theory to figure out the extent to which a firm…