What does the color of a star tell you about the star- List 2 items? (4 points) Which one has the higher surface temperature: a red star or a white star? (2 points)

a) Why doesn’t the Moon have an atmosphere? (3 points) b) What is the lunar eclipse? (3 points)

Based on the Information for Questions 25-30 (Parts 1 and 2), what is the amount in Cell 2: Consolidated impairment loss?

Based on the Information for Questions 25-30 (Parts 1 and 2), what is the amount in Cell 6: Controlling Interest in net income?

Determine the mixed strategy Nash equilibria in the reduced game. 

Determine the pure strategy Nash equilibria in the reduced game.

The following description will be used in questions 2a through 2e and in bonus II.   A firm produces x according to the cost function c(x)=20x+25. The demand for x is represented by the inverse price demand curve p=A-bx, where p is the price faced by consumers and A and b are positive numbers.

Identify all dominated strategies.

The following description will be used in questions 3a to 3d and bonus III.   Consider a firm that produces output y using capital k and labor l, according to the technology described by f(k,l) ≥ y and following a restriction g(k,l) ≥M; where f and g are functions of k and l, and M is a nonnegative value. Let r be the rental rate for capital and w the wage rate.   If the firm takes its output y as given and chooses inputs k and l to minimize costs, then the firm’s cost minimization problem is:   minimize   rk +wl     ,  by choosing k,l subject to:  f(k,l) = y   and   g(k,l) ≥M       

Why is it important to study production functions such as f1 and f2?