Each of two firms has one job opening. Suppose that the firms offer different wages: firm 1 offers wage w1, firm 2 offers wage w2. Imagine that there are two workers, each of whom can apply to only one firm. The workers simultaneously decide whether to apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets the job; if both workers apply to one firm, the firm hires one worker at random and the other worker is unemployed. Worker 2 Worker 1 Apply to firm 1 Apply to firm 2 Apply to firm 1 1 2w1, 1 2w1 w1, w2 Apply to firm 2 w2, w1 1 2w2, 1 2w2 (a) Let w1 = 8 and w2 = 6. Find all (pure and mixed) Nash equilibria. (b) Let w1 = 10 and w2 = 4. Find all Nash equilibria. (Hint: Check for dominant strategies

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.

The sign at the bank reads, "wait here for the first available teller," suggests the use of a waiting line system. a. multiple server, single phaseb. random server, single phasec. single server, multiphased. multiple server, multiphasee. dynamic server, single phase