2.C.1377. How many 6-digit cube-numbers are there?
C.1378. Somebody calculated the exact values of and in the decimal system.
...
and in the decimal system. How many digits are there in these two numbers all together?
C.1379. Alex and Burt took their rabbits to a whole salesman to sell them to him at once. Each of them got as many dollars for each of their rabbits as many as the rabbits they each took to him. But, because their rabbits were so beautiful, they each got as many extra dollars for their rabbits from the salesman as many as the rabbits they each sold him. This way Alex received $202 more than Burt. How many rabbits did they each sell to the salesman?
C.1380. How many {a, b, c} sets are there containing three positive whole elements, where the product of a, b, and c is 2310?
C.1381. Let a, b, c, and d be different digits. Find their values so that the following sum has the least possible number of divisors, but the sum itself is the greatest possible.
C.1382. Fill in a 25×25 grid by using the numbers +1 and -1. Create the products of the 25 numbers in each column and in each row. Could the sum of these 50 numbers be:
a) 0
b) 10
c) 17?
C.1383. Is there such a triangle in which the heights are 1, 2, and 3 units long?
C.1384. You put a plain on each side of a regular, square-based pyramid. How many sections do these 5 planes divide the space?
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4.Question 1: What is a player’s « reaction function » in a Bertrand game ?
Question 2: What is a subgame
...
subgame perfect Nash equilibrium?
Question 3: In which situations should we need the mixed extension of a game?
Question 4: Find, if any, all Nash equilibria of the following famous matrix game:
L R
U (2,0) (3,3)
D (3,4) (1,2)
Question 5: What is the difference between a separating equilibrium and a pooling equilibrium
in Bayesian games?
Question 6: Give another name for, if it exists, the intersection of the players’ best-response
« functions » in a game?
Question 7: assuming we only deal with pure strategies, the Prisoner’s Dilemma is a situation
with:
No Nash equilibrium One sub-optimal Nash equilibrium
One sub-optimal dominant profile No dominant profile
Question 8: If it exists, a pure Nash equilibrium is always a profile of dominant strategies:
True False
Question 9: All games have at least one pure strategy Nash equilibrium:
True False
Question 10: If a tree game has a backward induction equilibrium then it must also be a Nash
equilibrium of all of its subgames:
Tr
2/2
Question 11: The mixed Nash equilibrium payoffs are always strictly smaller than the pure
Nash equilibrium payoffs:
True False
Question 12: Which of the following statements about dominant/dominated strategies is/are
true?
I. A dominant strategy dominates a dominated strategy in 2x2 games.
II. A dominated strategy must be dominated by a dominant strategy in all games.
III. A profile of dominant strategies must be a pure strategy Nash equilibrium.
IV. A dominated strategy must be dominated by a dominant strategy in 2x2 games.
I, II and IV only I, II and III only II and III only
I and IV only I, III and IV only I and II only
Question 13: A pure strategy Nash equilibrium is a special case of a mixed strategy Nash
equilibrium:
True False
Question 14: Consider the following 2x2 matrix game:
L R
U (3,2) (2,4)
D (-1,4) (4,3)
The number of pure and mixed Nash equilibria in the above game is:
0 1
2 3
Exercise (corresponding to questions 15 to 20 below): assume a medical doctor (M)
prescribes either drug A or drug B to a patient (P), who complies (C) or not (NC) with each of
this treatment. In case of compliance, controlled by an authority in charge of health services
quality, the physician is rewarded at a level of 1 for drug A and 2 for drug B. In case of noncompliance, the physician is « punished » at -1 level for non-compliance of the patient with
drug A and at -2 level for non-compliance with drug B. As for the compliant patient, drug A
should give him back 2 years of life saved and drug B, only 1 year of life saved. When noncompliant with drug A, the same patient wins 3 years of life (due to avoiding unexpected
allergic shock for instance), and when non-compliant with drug B, the patient loses 3 years of
life.
Question 15: You will draw the corresponding matrix of the simultaneous doctor-patient game.
Question 16: Find, if any, the profile(s) of dominant strategies of this game.
Question 17: Find, if any, the pure strategy Nash equilibrium/equilibria of this game.
Question 18: Find, if any, the mixed strategy Nash equilibrium/equilibria of this game.
Questions 19 and 20: Now the doctor prescribes first, then the patient complies or not: draw
the corresponding extensive-form game (= question 19) AND find the subgame perfect Nash
equilibrium/equilibria (=
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5.1. Which visual representation is false? *
A
B
Option 4
2. Choose the pair of numbers √15 is between. *
A
B
D
3. Which shows the
...
etween. *
A
B
D
3. Which shows the following numbers in order from least to greatest? *
B
C
D
4. Which is the best name for this group of numbers? *
A
B
D
5. Which point on the number line best represents √3? *
A
B
C
For question 6 and 7, write each number in either scientific notation or standard notation. 6. The diameter of Mercury is 4879 kilometers. *
7. The diameter of a bacterial cell called a mycoplasma is about 2 x 10-7 meter. *
8. In which group are the numbers in order from greatest to least? *
B
C
D
9. Greg found the length of a hypotenuse of a right triangle to be √90 feet. Between which two integers does √90 lie? *
A
B
C
10. Which is the best name for this group of numbers? *
A
C
D
11. The water levels of five Texas lakes were measured on the same day in 2010. The table below shows the number of feet above or below normal level for each lake. Which list shows the numbers in the table from greatest to least? *
B
C
D
12. Which numbers from this list are less than -0.94? *
B
C
D
13. The length of a micrometer is approximately 0.00003937 inch. How would you express this in scientific notation? *
A
B
C
14. The National Park Service manages approximately 84,000,000 acres of federal land. How would you express this number using scientific notation? *
B
C
D
15. Seismosaurus is the longest known dinosaur. It measured 1800 inches. How far would 3000 Seismosaurus dinosaurs span if they were placed head to tail? Write your answer in scientific notation. *
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9.Spending on health care now constitutes a significant fraction of total expenditure. Understanding the efficacy of this spending is therefore
...
he efficacy of this spending is therefore relatively important. When it comes to contagious diseases, there are generally two strategies that can be adopted. The first involves prevention, which includes vaccinations to lower or eliminate the risk of contracting a disease. The second involves treatment of those unfortunate enough to get sick, treatment typically requires some form of a drug. Since pharmaceutical companies can produce both vaccines and drugs, we would like to understand the incentives they have to develop each type of medicine. To explore this question, consider a population of 100 consumers, 90 of whom have a low disease risk, say 10%. The remaining ten have a high risk – to make things simple, assume they are certain to contract the disease. In addition, suppose the disease generates personal harm equal to the loss of $100 for each individual when they are infected. Suppose also that pharmaceuticals of either form (vaccines or drugs) are costless to produce (once R & D has occurred) and are perfectly effective
Question 2. What price would a profit maximising monopolist charge for a vaccine? What are the monopoly profits on the vaccine? What is the efficient outcome (i.e. SMB = SMC)? What is the welfare under the monopoly and at the efficient allocation?
Question 3.Now consider the demand for the drug (assume that the vaccine is not available). Construct the demand function for the drug and plot it on a diagram. What price would a profit maximising monopolist charge for the drug? What are the monopoly profits from the drug? What is the efficient outcome? What is the welfare under the monopoly and at the efficient allocation?
Question 4. If the R&D costs of the vaccine and drug are the same, what will the pharmaceutical company do? Explain your answer in terms of the variation in the willingness to pay and the size of the R& D costs. What would a social planner do?
Question 5. What are the R&D cost for the vaccine and the R&D cost for the vaccine drug that would make a pharmaceutical company indifferent between developing the vaccine and the drug? Is the social planner indifferent in this case? Explain any difference.
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11.I investigated a relationship about the daily profit from renting tubes at Water World. The equation that models profit earned
...
that models profit earned is D = n(54 – n) – 10n. I need to find the vertex of this equation, and what does the vertex tell me about this situation.. For what x-values is the function increasing? Decreasing? What does this mean in terms of daily profit for Water World? Rewrite the function in vertex form. . Solve the equation 0 = n(54 – n) – 10n for n. Describe your solution method. How are the solutions from part (e) related to the graph of this function? Are the solutions real or complex? How do you know? What do the solutions from part (e) tell you about this situation?
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