MACROeconomics - Game Theory
I'm having some trouble with your notation. Let me asssume that (x,y) means that x is the outcome going to player A, y is the outcome going to player B. If top left is a dominant strategy equilibrium, it implies A perfers outcome Top and B prefers outcome Left. Ergo, I thi...
See my previous post on calculating the optimal quantity, then price. Compare that to the competitive case where supply=demand or 850-2Q=250+4Q -- solve for Q.
Always always always, maximize where MC=MR Total revenue is P*Q = 1000Q- 0.5Q^2. MR is the first derivative of TR. So, MR=1000 - Q MC is the first derivative of TC. So, MC=100 + 5Q MC=MR is 100+5Q = 1000-Q. solve for Q. then plug the optimized Q into TC and TR to derive the pr...
you could randomly divide people into two groups, one gets BW and the other gets Color. The BW group is the control group. Or, as I gather, you want to give each student two list. Then, the control group would get BW and BW, while the test group gets BW then Color.
As I see it, the total benefit per person function is (1-.01Q)*Q = Q-.01Q^2. So, the national total benefit function TB is 100Q-Q^2. The marginal benefit schedule is the first derivative of the TB function. So, MB=100-2Q MC of a test is given as 10. Set MC=MB and solve for Q. ...
I think something is missing and something is odd. the supply equation doesnt have a Q in it and the demand equation has some weird character. Regardless, set supply=demand and solve.
First, the parameter estimates are for a and b. a is the intercept, b is the coefficient on N. (n and N appear to be used interchangeably). I would argue the equation does a poor job of predicting total earnings E. The R-Squared is well below a number I would like to see. The ...
see my post to Cheri above.
Set MC = MR and solve for P. That is 40P = 1000-10P
Do you have a question?