In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of 500. If both players choose strategy B, each earns a payoff of 100. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns 0 and player 2 earns 650. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns 650 and player 2 earns 0.
a) Write the above game in normal form.
b) Find each player’s dominant strategy, if it exists.
c) Find the Nash equilibrium (or equilibria) of this game.
d) Rank strategy pairs by aggregate payoff (highest to lowest).
e) Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?
Answers
Answer:
a) The normal-form game with the two-player, one-shot, simultaneous–move game with each player choosing strategy A or strategy B along with the possible outcome is given by: (see attached image)
b) Dominant strategy is the strategy of a player which provides maximum payoff to the player irrespective of other player's actions.
Player 1 dominant strategy = when he chooses strategy B
Player 2 dominant strategy = when he chooses strategy B
c) Nash equilibrium is the strategy set of the players in which no individual player can be better off by deviating from their own strategy, given the other player's strategy.
Strategy A is the Nash equilibrium
d) AA = $800
AB , BA = $700
BB = $400
e) Yes because the Nash equilibrium is the same as the highest ranking strategy pair (AA = $800)
Related Questions
When working with a leader who is lack of leader integrity, the follower is less likely _______.
look for other job opportunities
volunteer to extra work assignments
displace aggression toward coworkers
receive mistreatments
Answers
When working with a leader who is lack of leader integrity, the follower is less likely to B. volunteer to extra work assignments.
Who is a leader?It should be noted that a leader simply means an individual who guides others and oversees their activities to achieve a particular goal.
In this case, when working with a leader who is lack of leader integrity, the follower is less likely to volunteer to extra work assignments
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Select the correct text in the passage.
Which sentence identifies business-to-business advertising?
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Reset
Next
Answers
Answer:
It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality.
Explanation:
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Answer: it also won a contract with a security solution agency, which saw the company advertised discounts on CCTV cameras in a trade journal.
Explanation: edmentum
A key difference between an IRA and keogh plan is:
a) you may withdraw your money early from a keogh plan without penalty, but not from an IRA
b) you may contribute more to a keogh plan than to an IRA
c) self-employed individuals may open an IRA, but not a keogh
Answers
A key difference between an IRA and a Keogh plan is you may contribute more to a Keogh account than to an IRA.
What is a Keogh account?An account, the facility of which is granted to self-employed professionals who are involved in sole proprietorship and partnership businesses for the purpose of retirement plans and benefits is known as a Keogh Account.
An IRA, on the other hand, is a facility provided to employed individuals or professionals for the better management of their retirement plans and benefits.
Hence, option B holds true regarding a Keogh Account.
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1. What industry forces might cause a propitious niche to disappear?
Answers
If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.
Why can a credit union lend money to members at reduced rate
Answers
Answer:
Credit unions are able to offer lower rates compared to traditional banks because of their business structure. Most banks are for-profit companies, meaning they reinvest their income to earn more profit or they pay it out to shareholders. Banks are also subject to federal and state income taxes.
A payroll register is a ____
of the payroll records of a company’s employees.
Answers
Answer:
The answer I believe is List
Explanation:
A payroll register is a list of the payroll records of a company’s employees.
On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $416,000 and a par value of $400,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds.
Answers
The journal entry for the retirement of bonds will affect a debit to Bonds Payable and Premium on bonds payable accounts for an amount of $400,000 and $12,000 respectively; and a credit in the balances of Cash and Gain on retirement of bonds accounts for a sum of $408,000 and $4,000 respectively.
What is journal entry?The systematic manner of record-keeping of financial transactions in a business in the chronological order of their occurrence is known as a journal entry. A journal entry has an equal amount of debit and credit effects.
Hence, the significance of a journal entry has been aforementioned.
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If a recent ad deterred you from buying the product, describe why. How would you change it? Share a link if you can (please be sure it's appropriate).
Answers
Some reasons why an ad deterred a consumer from buying a product could be lack of information or jarring communication.
How to build an effective ad?It is essential that the marketing team develop a strategy to engage your potential consumer. For this, it is necessary to align the language and ideas contained in the ad to have the expected effect on the consumer, in addition to identifying the ideal channel for placement.
Therefore, publicity and advertising are essential to generate value for a brand and reach the consumer.
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On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:
Answers
The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.
What is bill?A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.
On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.
Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.
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Why do economists pay attention to the balance of trade?
Answers
Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.
Why is a balance of trade vital to the economy?The Balance of trade plays a significant role in the calculation of the Gross Domestic Product of a country. As a part of GDP calculations, exports are brought and imports are subtracted from the total.
The more the change surplus, the more the GDP of a country.
Therefore, Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.
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What is meant by "lean production"?
Answers
Answer:
Lean production is a production methodology focused on eliminating waste, where waste is defined as anything that does not add value for the customer. Although Lean's heritage is manufacturing, it is applicable to all types of organisation and all an organisation's processes.
Explanation:
You have been asked to study the effects of an employee-wide training program, in a company of 500 employees, designed to reduce the amount of customer complaints. Describe how you would carry out the study, including the variable or variables you would collect, how you would measure those variables, and what would indicate success.
Answers
The effects of an employee-wide training program, will be done to improve the employee performance via good training programs.
What is the research about?The research method will be a qualitative research. In the work, we are going to analyze and understand and see the theoretical aspect and models linked to employee development via training and development programs, and the influence on employee performance.
The study will give a background about good training effectiveness and how it leads to boasting the employee performance as well as others.
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Pretty lady cosmetic products has an average production process time of 40 days. Finished goods are kept on hand for an average of 15 days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives 40 days of credit on its purchases from suppliers. Assume sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts
Answers
Based on the sales, cost of goods, and days on average, the average investment of Pretty Lady Cosmetics is:
Average Receivables - $115,068.50.Average Inventories - $36,986.30.Average payables - $96,630.14.Net financing needs - $53,424.66.What are the average investments for Pretty Lady Cosmetic Products?The Average Receivables are:
40 days = Average AR ÷ (1,200,000/365)
= $115,068.50
The Average Inventories:
15 days = Average inventory ÷ COGS per day
15 = Average inventory ÷ (900,000 / 365)
= $36,986.30
The Average payables:
40 days = Average payables ÷ COGS per day
40 = Average payables ÷ (900,000 / 365)
Average payables = $98,630.14
Net financing needs:
= Average Inventories + Average Receivables - Average payables
= 115,068.50 + 36,986.30 - 98,630.14
= $53,424.66
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What are the two major components of a working capital management strategy
Answers
Answer:
The two major components of Working Capital are Current Assets and Current Liabilities. One of the major aspects of an effective working capital management is to have regular analysis of the company's currents assets and liabilities.
A order comes in for two bean burritos and one crunchy taco the starter starts grilling the
tortilla...what should the finisher do
Answers
Answer:
assembling them
Explanation:
An order comes in for two bean burritos and one crunchy taco the starter starts grilling the tortilla. Assembling is the best move. This is further explained below.
What is Assembling?Generally, to assemble in one area for a shared objective.
In conclusion, The starter begins grilling the tortilla as an order comes in for two bean burritos and one crispy taco. It's smartest to band together.
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The most common term for marginal utility is
Answers
Answer:
The concept of marginal utility is used by economists to determine how satisfaction levels influence customer decisions. The law of diminishing marginal utility has also been found by economists. It describes how the first unit of an item or service consumed has more utility than subsequent units.
Explanation:
Answer:
law of diminishing marginal utility.
Explanation:
Economists use the idea of marginal utility to gauge how satisfaction levels affect consumer decisions. Economists have also identified a concept known as the law of diminishing marginal utility. It describes how the first unit of consumption of a good or service carries more utility than later units.
Please identify a firm using the various variables used in SCM and OHS&S as per legal requirements.
Answers
Canadian Tire Corporation is an example of Canadian firm involved in global operations and SCM.
How the company makes use of SCM and OHSThe company makes use of occupational safety and health and also supply chain management to ensure that the key operations in the firm are being carried out.
The company has over 1700 stores in the Canadian nation. They have workers that are about 100000. This form is one of the biggest retail shops in the nation.
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If you had to formulate some goals for cash buil,what would they be
Answers
Answer:
I would want them to be a reasonable price. I would also want them to be a reasonable goal.
Explanation:
I would want them to be a reasonable or average goal.
what are the main conclusion that can be draw from the Hawthorne experiments
Answers
Answer:
Four general conclusions were drawn from the Hawthorne studies:
Explanation:
1. The aptitudes of individuals are imperfect predictors of job performance.
2. Informal organization affects productivity. ...
3. Work-group norms affect productivity. ...
4. The workplace is a social system.
A steam generation system at a biomassfueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. The power plant has consistently made use of the same type of ESP over the past several years. The installed cost of a new ESP has been relatively constant at $80,000. Records of operation and maintenance expenses indicate the following average expenses per year as a function of the age of the ESP. The MVs of the ESP are also reasonably well known as a function of age. Determine the best time to replace the ESP if the MARR
is 15% per year
Answers
A steam generation system at a biomass-fueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. the best time to replace the ESP is mathematically given as
EUAC3= 46377.48
What is the best time to replace the ESP if the MARR is 15% per year?Generally, the equation for the EUAC for the yrs of operation is mathematically given as
For Year 1
EUAC1 = 85000 * (A/P,9%,1) + 25000 - 63000 * (A/F,9%,1)
EUAC1 = 54650
Solving till year 5
EUAC2= 46525.60
EUAC3= 46377.48
EUAC4= 48730.91
EUAC5= 50730.79
In conclusion, the best time to replace the ESP if the MARR is 15% per year will be at the EUAC3= 46377.48 since EUAC is the lowest at that year.
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Several coworkers of yours at the local swimming pool have been taking snacks from the snack bar without paying. This is an example of:
O property deviance.
O production deviance.
O personal aggression.
O political deviance
Answers
This is an example of property deviance. Thus the correct option is (B).
What is production deviance?Production deviance is conduct that formally transgresses the established organizational standards on the minimal standard of quantity and quality of work that must be completed in order to perform one's duties.
The coworkers are wasting the resources of the company and as well as polluting the swimming pool by eating snacks. This is an appropriate example of property deviance.
Thus the correct option is (B).
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can u solve this plsss
Answers
The main reason why the Japanese liberalized the bank mergers in Japan was to protect the economy and prevent an economic crash.
What is Financial Liberalization?This refers to the removal of regulatory control in the financial sector to promote economic growth.
The government of Japan faced an economic crash that threatened to cripple the economy due to stock market crash, failing banks, etc and there was the use of risk-based capital to try and prevent this, amongst other solutions.
Hence, we can see that the key aspects of the liberalization program were:
MergersAcquisitions.The key criticism of the program is that it failed to address the scale of the problem and the solution was only short-term.
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Why is it important to establish a theme and message to use across all
promotional activities?
A. Using the same theme and message in each promotional piece
means that your overall campaign will be effective.
OB. Using the same theme and message across all promotional
activities means that you don't have to come up with a
coordinated goal.
OC. By repeating the same basic thrust of your message in each
promotional piece, consumers will identify you with that message.
W
D. By sticking with one theme for all promotional activities, you
ensure that you reach your target audience.
Answers
Answer: C
Explanation:
By repeating the same basic thrust of your message in each
promotional piece, consumers will identify you with that message.
Answer:
C. By repeating the same basic thrust of your message in each
promotional piece, consumers will identify you with that message.
Explanation: It makes the most sense
Based on the Americans with Disabilities Act, organizations may be deemed discriminatory to those with disabilities if they
Answers
According to the Americans with Disabilities Act organizations may be deemed discriminatory to those with disabilities if they are biased with employment.
What are the Americans with Disabilities Act?ADA for short is an act that protects the rights of persons living with disability in America, especially in Transportation, communication, employment, and access to government services.
The purpose of this act is to make everyone inclusive in all areas of society.
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If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is
Answers
Answer:
The coupon rate is the stated periodic interest payment due to the bondholder at specified times. The bond's yield is the anticipated overall rate of return. If the bond's price changes and is no longer offered at par value, the coupon rate and the yield will no longer be the same as the coupon rate is fixed and yield is a derivative calculation based on the price of the bond.
6) For which of the following should you save?
A) Purchases
C) Emergency fund
B) Wealth building
D) All of the above
Answers
Answer:
D). All of the above
When creating a stacked chart to portray the breakdown of the income statement, the following item is not included
Answers
The Net income is the item that will not be included when creating a stacked chart to portray the breakdown of the income statement.
What is a stacked chart?This refers to a column chart where multiple series of the data representation are stacked over each other.
Because the Net income is an item that is derived at the conclusion of an income statement, its will not be included when creating a stacked chart to portray the breakdown of the income statement.
Missing options "Revenue COGS Salaries 15 Marketing Rent Pr Tax View Marked Questions Net Income"
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A chart of accounts lists the accounts and balances at a specific time.
True
False
Answers
A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.
What is a chart of accounts?chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.
Thus, it is a true statement.
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A skilled nursing facility chain is considering building a new facility on a piece of property that it currently owns. The property was purchased five years ago for $250,000 and could be sold now at a current market value of $100,000. When estimating the cash flows for the new facility, what amount should be included to recognize the opportunity cost of using the land for the proposed project?
Can someone explain why it is -$100,000 vs $-150,000
Answers
Based on the value of the land, the recognized opportunity cost for the project is -$100,000.
What is the opportunity cost of the land?When a new project is about to be embarked on, the relevant value of the resources to be used is the current value of the resource.
In this case, the current value of the land is $100,000 which will therefore be recorded as the opportunity cost. The reason it is negative is that it represents a loss on the original purchase.
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half of the answers im getting from here are wrong for the edmentum/plato questions, therefore making me fail my tests. id appreciate if people would stop posting the wrong answers