Problem Set 1 Ben Polak‚ Econ 159a/MGT522a. Four Questions due September 19‚ 2007. 1. Strictly and Weakly Dominated Strategies? What is the de nition of a strictly dominated strategy? What is the de nition of a weakly dominated strategy? Give an example of a two-player game matrix where one player has three strategies‚ one of which is strictly dominated; and the other player has three strategies‚ one of which is weakly (but not strictly) dominated. Indicate the dominated strategies. 2. Iterative
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Compute the present value of the cash flows‚ using an interest rate of 9%. What is the NPV for this project? What is the ROI for this project? What is the break-even point? Should this project be accepted by the approval committee? SOLUTION As the numbers indicate‚ this would not be an economically feasible project for a number of reasons. It would take more than the projected four year life span to breakeven on the initial investment‚ the return on investment is a very low number (-1)‚ and the net present
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In the 1500’s and 1600’s‚ some startling discoveries radically changed the way Europeans viewed how and why things happened in the physical world. Three scientists who contributed to these changed were Nicolaus Copernicus‚ Galileo Galilei and Isaac Newton. These scientist changed some beliefs of which many had been believed for all of time. For almost all of time‚ the geocentric theory was believed to be true. This theory suggested that all planets revolved around the Earth. In 1543‚ Polish scholar
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Differences‚ that’s what makes us unique. They define who we are. God made each one of us special. Then why have we been judged for our differences and have been treated different because of them? It doesn’t make sense. This is what our world has done for so many years. People with disabilities have been treated the most unfavorable of us all. This goes back almost all the way back in history. I am going to be focusing on the 1800s/ early 1900s‚ the 1950s to the 1960s‚ and what life is like them
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1980’s and why did this respect fade in the course of the 1990’s? In the 1980’s ‘the Japanese model’ of economic growth had two particular aspects that were unique and had not been cultivate by the western world. Firstly the Japanese had an incredible work ethic and secondly they were able to blend the free market with state direction. The following essay will examine why ‘the Japanese model’ of modernization was so respected and yet feared by the west including Australia during the 1980’s. But
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summary of a few of these cases.) In recent years‚ greedy borrowers and lenders alike were among those who brought the real estate‚ mortgage‚ and banking industries to the edge of a financial crisis that threatened the entire U.S. and world economies.1 Given the ethical lapses prevalent today‚ how can we restore trust in the free-market system and in leaders in general? First‚ those who have broken the law should be punished accordingly. New laws making accounting records more transparent (easy to
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of over £1 billion “BBC News online 1998” Though a few years later Marks & Spencer were hit by the “credit crunch” which has had a dramatic effect on the company as they struggle in the current economical climate. M&S is a successful company. In macro-environment‚ M&S obeys the government and protects the natural environment. Moreover‚ M&S is influenced by the factors of economic‚ social‚ and technological to make its business strategies. On the other hand‚ in micro-environment‚ the M&S has created
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http://wiki.answers.com/Q/What_is_the_significance_of_study_of_computer_addiction Background of the study It is known that we are living in technological era. The computers become irreplaceable tool in everyday life of almost each person. The adult users generally use it for business purposes while youngsters for computer games. Computers became the part of our life and very important component in the spheres of the life is leisure. And nowadays majority of young people spend their leisure time
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SCHILLER INTERNATIONAL UNIVERSITY ‘Corporate Culture as a Competitive Advantage’ A closer look at different types of corporate cultures and how they affect the global market place. Annette Glatzel 13.04.2008 [Geben Sie hier das Exposee für das Dokument ein. Das Exposee ist meist eine Kurzbeschreibung des Dokumentinhalts. Geben Sie hier das Exposee für das Dokument ein. Das Exposee ist meist eine Kurzbeschreibung des Dokumentinhalts.] Table of Contents Abstract
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Main household Appliances: The appliances found in houses between 20-50 years ago were a primitive version of what we have today. For example; T.V’s when they first came out were huge‚ chunky and were only in black and white. There were vinyl records that were large and required a record player to play. I think technology has stayed within the same concept‚ but has gotten smaller‚ smarter and more efficient. Size of houses: It was not uncommon to have extremely large families in only one bedroom
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