3) If you are the attacker, and you know that the defender is going to choose the best strategy they can to maximize the probability of preventing an attack, how should you choose your strategy to maximize the probability of a successful attack? {
Q: When the price of shirts emblazoned with a college logo is $20, consumers buy 150 shirts per week. W...
A: According to the question, When the price of a college logo t-shirt is $20, people will buy 150 sh...
Q: The Busto family is allocating its monthly household expenditure between only two goods, food and cl...
A: Given information: Price of food: $5 per unit Price of clothing: $10 per unit Marginal utility from...
Q: hile in an Inflationary period, we would use
A: The Long run Aggregate Supply curve decreases, then the price level will increase and the quantity w...
Q: Information for questions 21 and 22: A worker in a firm can choose one of two effort levels, e € {1,...
A: Worker can be of two types based on his efforts : e = 1 , e = 2 Utility of worker : U = 2w - e2 No...
Q: In| a Stackelberg duopoly where the inverse market demand function they face is P= 62 4.5Q. The cost...
A:
Q: ompare the Human Development Index and Multidimensional Poverty Index in Ghana & Cote d'Ivoire
A: The HDI is the magnitude that shows the average development of humans in the country. Different coun...
Q: Consider a market with 3 Cournot firms producing a homogeneous product. Consumer demand is given by ...
A: When there are 3 firms each firm tries to maximize its profit given the other firm's response. For e...
Q: Exercise 5.3 Wage bill Let a = 0.5. (This number may or may not reflect reality.) Let K = 6 and L = ...
A: Labor market equilibrium refers to the equilibrium where the labor demand and labor supply are equal...
Q: Describe how demographers use size, density, distribution, age structure, and sex ratio of a populat...
A: By subtracting the crude mortality rate from the crude birth rate, demographers can calculate a popu...
Q: II. Helping Conchita-Crem to minimize costs Suppose that the labor cost of Conchita-crem is $20 USD ...
A: Given production function q=10L^0.5 K^0.5 Price of labor=$20 Price of capital=$5
Q: If one Canadian dollar buys US$0.85, and one Euro buys US$1.20, then one Euro should buy O a. C$1.02...
A: Given CAD/USD rate = 0.85 $ EUR/USD rate = 1.20 $
Q: Give an example of a Firm's positive and ethical behavior in the foreign market.
A: When product is manufactured, cost takes place and procedure of business follow ups. Business can b...
Q: Suppose a bond pays $10 after the first year as coupon payment, and $10 plus the face value of $200 ...
A: Given interest rate = 10 % Bond face value = 200 $ Coupon payment for 2 years = 10 $
Q: When we know that the firms are earning just normal profits.
A: To find : When do firm earn normal profit.
Q: Draw the PPC for the lowan farmer, the PPC for the Nebraskan farmer, and then draw the combined PPC ...
A: PPC stands for production possibility curve. PPC represents the locus of points of the combination o...
Q: here is a negative relationship between two variables if: they move in opposite directions. they mov...
A: Different variables have different sorts of relations between them. This relationship can be positiv...
Q: A group of two or more political parties that governs by sharing executive power and responsibilitie...
A: Mercantilism helps to move goods from the country which has abundance to the country which has scarc...
Q: What is the nature and function of Government-owned and Controlled Corporations (GOCCs)? Site exampl...
A: GOCCs are administered by the Governance Commission for Government-Owned or Controlled Corporations ...
Q: France is considered to be a semi-presidential political system. Group of answer choices True Fa...
A: Semi-presidential political system A semi-presidential system, also known as a dual executive system...
Q: What is the role of a commercial bank? To create money through the banking system O b. To maximize p...
A: The banking system is an integral aspect of the economy since it provides a wide range of services a...
Q: 3. Consider an Edgeworth box economy in which the consumers have the Leontief utility func- tions u(...
A:
Q: 3. Jago Co. has 2 products that use the same manufacturing facilities and cannot be subcontracted. E...
A: This is a circumstance that will only last a few days or short run. The company should expand in the...
Q: Who is generally regarded as the founder of the 'Classical School'?
A: To find : Who is founder of classical school.
Q: Please see below. These are true or false questions. Need help with all of these please and thank yo...
A: 1. A consumer price index is a price index that measures the cost of a weighted average market baske...
Q: Consider the market for labor depicted by the demand and supply curves that follow. Use the calculat...
A: At a wage of $15, correspondingly the demand for labor is 450 and the supply of labor is 750 with th...
Q: Which of the following statements correctly describe discouraged workers? (If none of the choices ap...
A: A discouraged worker is not part of labor force because the individual is not actively looking f...
Q: Suppose that Hyundai increases the amount of capital, labor, and other inputs it uses by 10% and as ...
A: When product is manufactured and put into production process, cost takes place and process of busin...
Q: What is one challenge you may face when trying to "barter" for goods? Why would you face that challe...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: A monopolist has the demand and marginal cost as shown in the table below. There is no fixed cost in...
A: Given; Price Quantity TR MR MC TC Profit 10 1 10 10 2 2 8 9 2 18 8 3 6 12 8 3 24 6 4 12 12 ...
Q: 3. A firm has the following total Corst and demand function C=}Q-7Q+ liQ + So, Q = 100-P %3D a. Writ...
A: Total revenue is the product of price and quantity. Profit is the difference between revenue and cos...
Q: Which of the following is NOT a function performed by a central bank? O a. Serving as a lender of la...
A: Central bank is referred as bankers bank. It helps to provide funds when commercial banks failed to ...
Q: When the price of shirts emblazoned with a college logo is $20, consumers buy 150 shirts per week. W...
A: Question 7 is incomplete so I will answer question 8. Given Price of shirt P1 =$20 then quantity de...
Q: The deposit rate that the Bank of Canada pays to commercials banks is a to such banks because O a. L...
A: The deposit rate of Bank of Canada is the rate that the Central Bank pays to the commercial banks wh...
Q: Pacific Amalgamated (PA) issues a coupon bond that makes an interest payment (F) of €100 each year f...
A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the exa...
Q: firm produces at an output level where the marginal product of labor (MPL) is 50 units and the margi...
A: Output is maximized where the MPL/PL =MPk/Pk
Q: Employees at a toy-manufacturing factory are let go because robots have been installed to replace hu...
A: Unemployment is the state of being able to work, actively looking for work, but unable to find any. ...
Q: In 2018, Amazon raised the annual subscription fee for its Prime membership service, which provides ...
A: The markets are the place where the buyers and the sellers of various goods and services tend to mee...
Q: Figure 3 shows a country's domestic market for a good. There is perfect competition. The supply curv...
A: The structure of market where buyers and sellers possesses full information about market and there a...
Q: The following graph represents the demand and supply for pinckneys (an imaginary product). The black...
A: Since the given graph is not visible properly therefore below is the edited graph:
Q: 21 Consider the following demand function: x* = 2P+3Py Calculate the (own) price elasticity of deman...
A: Own price elasticity measures the percentage change in quantity demanded of good when price of the g...
Q: Marginal utility O remains constant. is the level of satisfaction received from consuming an additio...
A: Utility is an essential notion in economics because it influences customer decisions. It refers to t...
Q: Q6 Suppose the market demand is given by Q 3 100 — р, where Q is the total quantity demanded and p i...
A: For most competitive equilibria, the First Order Conditions for profit maximisation can be deduced a...
Q: shortage or surplus? Explain. 2. If the number of cases increased, what would be the resulting graph...
A: If importation fee is increased then the price of vaccination will also rise as the supplier needs t...
Q: Explain why the FOMC is expected to increase its target overnight interest rate.
A:
Q: True or false: please provide explanations to the statements that you think false 1. When prices are...
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If y...
Q: Suppose scientific research generates external benefits. Without government intervention, the market...
A: Externality refers to spill-over effect of a good or service on third party which is not involved in...
Q: Economies of scale are of two kinds
A: With an increase in the production of output, the firm will enjoy a cost advantage, this is known as...
Q: Consider the market for low-skilled labor where firms demand labor and workers supply labor. The pri...
A: Equilibrium wage is given where the market labor demand equals market labor supply. As is already me...
Q: Analyze the given news below and explain the concept of inflation using the data presented, i.e food...
A: Inflation is defined as the rate of increase in the prices of goods for a particular time period.
Q: For each of these goods, state whether it is rival in consumption and excludable and explain why. De...
A: In an economy, rivalry refers to the availability of a good for the people when an individual is con...
please send handwritten solution for Q3
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- To go from Location 1 to Location 2, you can either take a car or take transit. Your utility function is: U= -1Xminutes -5Xdollars +0.13Xcar (i.e. 0.13 is the car constant) Car= 15 minutes and $8 Transit= 40 minutes and $4 What is your probability of taking transit given the conditions above? What is your probability of taking transit if the number of buses on the route were doubled, meaning the headways are halved? Remember to include units.Phil, Stu, and Doug are deciding which fraternity to pledge. They all assign a payoff of 5 to pledging Phi Gamma and a payoff of 4 to Delta Chi. The payoff from not pledging either house is 1. Phi Gamma and Delta Chi each have two slots. If all three of them happen to choose the same house, then the house will randomly choose which two are admitted. In that case, each has probability 2/3 of getting in and probability 1/3 of not pledging any house. If they do not all choose the same house, then all are admitted to the house they chose. Find a symmetric Nash equilibrium in mixed strategies.Suppose that you graduate from college next year and you have two career options: 1) You will start a job in an investment bank paying a $100,000 annual salary. 2) You will start a Ph.D. in economics and, as a student, you will receive a $20,000 salary. You are bad with decisions, so you are letting a friend of yours decide for you by flipping a coin. The probabilities of options 1 and 2 are, therefore, each 50%. a) Illustrate, using indifference curves, your preferences regarding consumption choices in the two different states of the world. Assume that you are risk-averse. [Include also the 45 degrees line in your figure] b) Now show how the indifference curves would change if you were substantially more risk averse than before. Explain. c) Now show the indifference curves if you are risk neutral and if you are risk loving. d) Show your expected utility preferences from point a) mathematically.
- The deciding shot in a soccer game comes down to a penalty shot. If the goal-keeper jumps in one corner and the player shots the ball in the other, then it is a goal. If the goalie jumps left and the player shoots left, then it is a goal with probability 1/3. If the goalie jumps right and the player shots right, it is goal with probability 2/3. If both players play Nash strategies, what is the expected value of goals that will follow from this penalty shot. 1/9 2/9 3/9 4/9 5/9 6/9 O7/9You're a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $3 million to $4 million. If they are wrong, their prize is decreased to $2,250,000. You believe you have a 25% chance of answering the question correctly. Ignoring your current winnings, your expected payoff from playing the final round of the game show is. Given that this is ______________ (POSITIVE/NEGATIVE), you___________ (SHOULD/ SHOULD NOT) play the final round of the game. (Hint: Enter a negative sign if the expected payoff is negative.) The lowest probability of a correct guess that would make the guessing in the final round profitable (in expected value) is (Hint: At what probability does playing the final round yield an expected value of zero?)Professor can give a TA scholarship for a maximum of 2 years. At the beginning of each year professor Hahn decides whether he will give a scholarship to Gong Yi or not. Gong Yi can get a scholarship in t=2, only if he gets it in t=1. Basically, the professor and TA will play the following game twice. TA can be a Hardworking type with probably 0.3 and can be a Lazy type with a probability of 0.7. Professor does not know TA's type. If TA is hard working, it will be X=5 and TA will always work if he gets a scholarship. If TA is lazy, it will be X= 1. There is no time discount for t=2. Find out a Perfect Bayesian Equilibrium of the game.
- Suppose you are running a construction company and are in the process of signing a new contract with a lumber supplier. Getting lumber to a work site on time is critical and based on two things. First is the effort exerted by the lumber supplier and second how fast the shipper of the lumber will get the lumber to the construction site which involves some randomness. The lumber supplier can exert a high or low level of effort. If they exert a high level of effort they will produce the lumber quickly and there is then a 75% chance the shipper can get it to the construction site on time, and only a 25% chance that the shipper will be slow, and the lumber will arrive late. If the lumber supplier exerts a low level of effort, they will take a long time to produce the lumber and there is no chance that it will ship on time. If the lumber supplier exerts low effort it costs them zero dollars, but if high effort is exerted then it costs six thousand dollars in extra resources. The lumber…Bill owes Bob $36. Just before Bill pays him the money, he gives Bob the opportunity to play a dice game to potentially win more money. The rules of this game are as follows: If Bob rolls doubles (probability 1/6), Bill will Bob double ($72). If he misses doubles on pay the first try, he can try again or settle for half the money ($18). If he makes doubles on the second try Bill will again pay-up double ($72), but if Bob misses doubles on the second try Bill will only pay him one-third ($12). Should Bob decide to play the dice game with Bill, or insist that he pay the $36 now? Use a decision tree to support your answer.Deborah is at the casino and is considering playing Roulette. In Roulette, a ball drops into one of 36 slots on a spinning wheel. 17 of the slots are red, 17 are black, and 2 are green. Each slot is equally likely and occurs with probability 1/36. Deborah bets $1.00 on black. If the ball drops into a black slot she receives $2.00 and if it drops into a red or green slot, she receives nothing. The expected value of Deborah's bet (after subtracting the $1.00 she bet) is $ Given that Deborah makes this bet, she must be
- Deborah is at the casino and is considering playing Roulette. In Roulette, a ball drops into one of 36 slots on a spinning wheel. 17 of the slots are red, 17 are black, and 2 are green. Each slot is equally likely and occurs with probability 1/36. Deborah bets $1.00 on black. If the ball drops into a black slot she receives $2.00 and if it drops into a red or green slot, she receives nothing. a) The expected value of Deborah’s bet (after subtracting the $1.00 she bet) is $________________ b) Given that Deborah makes this bet, is she risk adverse, risk neutral, or risk loving?Consider the St. Petersburg Paradox problem first discussed by Daniel Bernoulli in 1738. The game consists of tossing a coin. The player gets a payoff of 2^n where n is the number of times the coin is tossed to get the first head. So, if the sequence of tosses yields TTTH, you get a payoff of 2^4 this payoff occurs with probability (1/2^4). Compute the expected value of playing this game. Next, assume that utility U is a function of wealth X given by U = X.5 and that X = $1,000,000. In this part of the question, assume that the game ends if the first head has not occurred after 40 tosses of the coin. In that case, the payoff is 240 and the game is over. What is the expected payout of this game? Finally, what is the most you would pay to play the game if you require that your expected utility after playing the game must be equal to your utility before playing the game? Use the Goal Seek function (found in Data, What-If Analysis) in Excel.A Bank has foreclosed on a home mortgage and is selling the house at auction. There are two bidders for the house, Zeke and Heidi. The bank does not know the willingness to pay of these three bidders for the house, but on the basis of its previous experience, the bank believes that each of these bidders has a probability of 1/3 of valuing it at $800,000, a probability of 1/3 of valuing at $600,000, and a probability of 1/3 of valuing it at $300,000. The bank believes that these probabilities are independent among buyers. If the bank sells the house by means of a second- bidder, sealed-bid auction, what will be the bank’s expected revenue from the sale? The answer is 455, 556. Please show the steps in details thank you!