4 qustions

What is the role of state-based action coalitions and how do they advance goals of the Future of Nursing
January 13, 2021
how health care financing directly impacts nursing practice, treatment options, and patient outcomes.
January 13, 2021

4 qustions


Anwser
those questions below. At least 300-400 words each

1. Explain what WTA, WTP

are

. How are these concepts related to a market for an output good/service and the allocation of the good/service?

2. Often, in marketing one is trying to convince consumers of a product’s ‘value.’ Using the indifference curve and budget constraint concepts, explain how this ‘value’ would be represented in terms of trade-offs, maximizing customer satisfaction, and how this might generate additional sales for a retailer.

3. Under what circumstances might game theory replace a standard profit maximization function? How does a firm’s strategic behavior differ between repeated play games and single play games

?


4. Why do firms fail to reach their optimal outcomes in the Prisoner’s Dilemma? Under what set of circumstances could they reach these optimal outcomes in this strategic game

?

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