Question 8 Normal Form Game: The table below provides a normal form, 2 x 2 game. The players are Column and Row. Column can choose either LEFT or RIGHT, and Row can choose either UP or DOWN. Their payoffs for each combination of moves are provided in the four boxes.
Row Column LEFT RIGHT
0 8
UP -4 7
-7 0
DOWN 10 -8 What is the dominant strategy Nash equilibrium in the game situation described in the table above? A. Every outcome is a dominant strategy Nash Equilibrium B. There is only one dominant strategy, DOWN C. Thereis no dominant strategy Nash Equilibrium D. Either UP or DOWN, so long as Column plays LEFT E. Either LEFT or RIGHT, so long as Row plays UP
Answers
The dominant strategy Nash equilibrium in the game situation described in the table above is either LEFT or RIGHT, so long as Row plays UP.
Key Points: The Nash equilibrium is the concept in game theory that describes a scenario in which all players choose the best strategy given what others are doing.
A dominant strategy is a strategic option that offers the best outcome for a player regardless of what the other player(s) do.
Nash equilibrium in dominant strategies implies that a player's strategy is the best choice regardless of what the other players do.
The table below provides a normal form, 2 x 2 game. The players are Column and Row. Column can choose either LEFT or RIGHT, and Row can choose either UP or DOWN. Their payoffs for each combination of moves are provided in the four boxes.
Row Column LEFT RIGHT 0 8 UP -4 7 -7 0 DOWN 10 -8 Solution:
The dominant strategy Nash equilibrium in the game situation described in the table above is either LEFT or RIGHT, so long as Row plays UP.
Neither player has a dominant strategy in this game, and there is no Nash equilibrium. Therefore, the answer is option C.
There is no dominant strategy Nash Equilibrium.
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Related Questions
Fill in the gaps using second conditional. /2
If she (know) __________ the answer, she would win the prize.
If I (be) ___________ a rich man, I would buy a Mercedes Benz.
They would stay longer, if they (has) _________ more time.
If I (understand) __________ what the teacher said, I could tell you.
plz tell hurry
Answers
Answer:
knew
were
had
understood
A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as:
Answers
Answer:
A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as: a retail communication.
Explanation:
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M. K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted that the company's earnings would grow by 20 % this year. Unfortunately, sales have been less than expected for the year, and Gallant concluded within two weeks of the end of the fiscal year that it would be impossible to ultimately report an increase in earnings as large as predicted unless some drastic action was taken. Accordingly, Gallant has ordered that wherever possible, expenditures should be postponed to the new year-including canceling or postponing orders with suppliers, delaying planned maintenance and training, and cutting back on end-of-year advertising and travel. Additionally, Gallant ordered the company's controller to carefully scrutinize all costs that are currently classified as period costs and reclassify as many as possible as product costs. The company is expected to have substantial inventories of work in process and finished goods at the end of the year.
(b) Do you believe Gallant's actions are ethical? Why or why not'?
Answers
Gallant's actions are ethical. This statement can be argued upon because of the below-mentioned reasons.
As the president of a corporation, M.K Gallant will, of course, make any strategic plan available for his company in order to attract investors, customers, and even competitors.
In my opinion, his choices and decisions are ethical enough as to maintain the company's profitability.
Cost-cutting measures, such as deferring and canceling expenditures and orders, delaying maintenance and training, and reducing travel and advertising expenses, are rational if your company's sales are declining and it is expected that it will not meet its revenue targets for the year.
However, this is risky because
advertisements are extremely important in a company's marketing,delaying orders from suppliers can cause problems within the company and its vendors because these are pre-ordered.Maintenance and training are important aspects for a company because they can lead to bigger problems in the future.Finally, cost reclassification is debatable.
Because stocks are traded in this case, we can expect an audit.
The auditors will examine the reclassifications to see if they implement accounting principles (GAAP). M.K Gallant and his controller must have legitimate reasons for reclassifying the company's costs.
Hence, Gallant's actions are ethical if he has valid reasons for doing so.
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supply-side economics is a term associated with the views of a. milton friedman. b. karl marx. c. ronald reagan and arthur laffer. d. bill clinton and greg mankiw.
Answers
The term "supply-side economics" refers to the ideas of Ronald Reagan and Arthur Laffer. As a result, choice (C) is appropriate.
What Is Supply-Side Economics?According to the theory of supply-side economics, the key to economic growth is expanding the supply of goods and services. It promotes tax reductions as a means of fostering entrepreneurship, business growth, and job creation.
When compared to Keynesian economics, or demand-side economics, which contends that increasing demand for goods and services is the primary source of economic growth, supply-side economics can be considered as the complete antithesis.
Hence, option (C) is the accurate one.
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Wilfrid laurier university bookstore conducts annual surveys of its customers. using xlstat answer
Answers
Please find attached full question and answer
Answer and Explanation:
The data is nominal data and so to represent it graphically, we used the pie chart. We have based our pie chart drawing on data assumed since we couldn't find data for the question. The data used here is still same type of data needed for the pie chart graphical representation and would merely bring a change of numerical value therefore affecting the pie chart in this regard only. We have done a rough hand estimate of the pie chart and what it would look like if drawn conveniently by hand with a protractor and compass, noting all the angles accurately(convert percentage to degrees, each percentage divided by 100 multiplied by 360) or using Excel software
If Splish Brothers Inc. issues 3000 shares of $10 par value common stock for $372000, the account 1. Paid-in Capital in Excess of Par Value will be credited for $50000. 2. Cash will be debited for $410000. 3. Paid-in Capital in Excess of Par Value will be credited for $410000. 4. Common Stock will be credited for $460000.
Answers
The correct answer is option 4: "Common Stock will be credited for $460000." When a company issues common stock, it is essentially selling ownership stakes in the company. The par value of a stock represents its minimum legal value, and in this case, the par value of the stock is $10 per share.
However, the company is selling these shares for $372000, which is more than their par value. This excess amount is called "Paid-in Capital in Excess of Par Value," and it represents the additional amount that investors are willing to pay for a share of the company's stock. To record this transaction in the company's accounting books, the company will need to debit the Cash account for the amount of cash received, which is $372000. On the other side of the transaction, the company will credit the Common Stock account for the par value of the shares, which is $30000. The remaining amount, which is $372000 - $30000 = $342000, will be credited to the Paid-in Capital in Excess of Par Value account.
Therefore, the correct answer is option 4: "Common Stock will be credited for $460000," because this option combines the par value of the stock ($30000) with the excess amount paid by investors ($430000) to arrive at the total amount credited to the Common Stock account.
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Linda earns $83,000 per year as an employee. How much will she pay this year in Social Security taxes
Answers
Answer: b.$5,146.00
Explanation:
Social security tax rate is 6.20%, you would multiply $83,000 by 0.062 to get a total of $5,146
how much do t-mobile customers pay in taxes and fees on top of their magenta max plan every month?
Answers
$15 per month plus tax for unlimited talk and text, plus 3GB of high-speed smartphone data. $25 per month plus tax for unlimited talk and text, plus 6GB of high-speed smartphone data. $35 per month plus tax, for unlimited talk, text, and 12 GB of high-speed smartphone data, is the tax and fee t-mobile customers pay on top of their magenta max plan every month.
T-Mobile is the brand utilized by a number of the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom AG in the Czech Republic (T-Mobile Czech Republic), Poland (T-Mobile Polska), the United States (T-Mobile US) and by the previous subsidiary in the Netherlands (T-Mobile Netherlands).
The T-Mobile complete was introduced in 1996 and therefore the name was antecedently used by subsidiaries in alternative countries, including Austria (now Magenta), Croatia (now Hrvatski Telekom), Germany (now Deutsche Telekom), Hungary (now Magyar Telekom), Montenegro (now Crnogorski Telekom), North Macedonia (now Makedonski Telekom), Romania, Slovakia (now Slovak Telekom), and the United Kingdom (now EE Limited).
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Which career path includes the work duties of hiring and managing farm laborers? a career as a purchasing agent a career as a farm management advisor a career as a farm labor contractor a career as a food scientist
Answers
Answer:
B.) A career as a farm management advisor
Explanation:
Answer:
B
Explanation:
other things equal, when the supply of workers is low, one would predict that market wages would be
Answers
other things equal, when the supply of workers is low, one would predict that market wages would be the supply of labor is low.
The amount of work sought will decrease, and the demand curve will shift upward. If salaries and wages decline, employers are more likely to expand their workforce. The demand curve will slope downward as the quantity of labor needed increases.
The supply of labor curve's key relationship is the barter between work and leisure. More people opt to work as a result of higher earnings, which increases the possible losses of leisure. The substitutability effect of rising wages causes labor supply to rise while the income effect of rising wages causes it to fall.
Most economics textbooks taught that salaries were influenced by demand and supply just like any other price. Due to the fact that employees provide it and companies.
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A business student is preparing for the Graduate Management Admission Test (GMAT) so he can get into a good graduate business school. He knows that any money he spends on a tutor will be worthwhile if he can improve his scores. He's heard that there is a great tutor in his local community but has no idea who she is. Marketing does not occur in this situation because
Answers
Answer:
For the parties to connect, there seems to be no way.
Explanation:
Marketing should be about fulfilling the expectations and wishes of consumers, generating demand, influencing different players, requiring interaction that can be carried out by the other groups and individuals.
For marketing, this same four components needed are:
Two or maybe more parties to expectations that are unmet. An appetite and capacity to be fulfilled on their part. A means enough for parties to connect. To share everything.And according to the format prescribed throughout the problem, the business student realized he wanted a tutor for his performance to be enhanced. He discovered that throughout his local neighborhood, a wonderful teacher is readily accessible but uncertain of her identification to express it. He can interact with her towards his tuitions across multiple channels as she contributes to something like the surrounding community.
Answer:
. .
Explanation:
Classify the different options given as goods or services.
haircut
computer hardware
vacation package
washcloth
taxi
housekeeping
car engine
Answers
haircut- services
computer hardware- goods
vacation package- goods
washcloth- goods
taxi- services
housekeeping- services
car engine- goods
In the context of business, the given options classify as follows: haircut, vacation package, taxi ride, and housekeeping are services, while computer hardware, washcloth, and car engine are goods. These definitions are based on whether you can physically touch the item (good) or it's a value-providing activity (service).
Explanation:In business, goods and services is a fundamental concept that helps to distinguish different components of economic activity. Goods are tangible items that we can physically touch. Services are intangible activities which provide some kind of value without producing a physical product.
A haircut is a service because it is an activity that provides value but you can't physically touch it. Computer hardware is a good because it is a tangible item that you can physically touch it. A vacation package is a service because it is an activity that provides value but you can't physically touch it. A washcloth is a good because it is a tangible item that you can physically touch. A taxi ride is a service because it is an activity that provides value but you can't physically touch it. Housekeeping is a service because it provides value through activity but doesn't result in a product you can touch. A car engine is a good because it is a tangible item that you can physically touch. Learn more about Goods And Services here:
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Can an offer can be assigned?
Answers
Answer:
yes
Explanation:
3.1.5. Discuss the characteristics of a mixed Economy.
Answers
Answer:
A mixed economy has three of the following characteristics of a market economy. First, it protects private property. Second, it allows the free market and the laws of supply and demand to determine prices. Third, it is driven by the motivation of the self-interest of individuals
Explanation:
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People commonly use credit cards, auto loans, home mortgages to finance their purchases *
A. True
B. False
Answers
Answer:
the answer to this question is true
Answer:
People use credit cards for daily purchases. I think the question is asking for finance a purchases which will conclude it's a big purchases so YES people will use credit and assists to finance purchases
Explanation:
The best answer is A. Ture
In general, what would a POSITIVE
consequence of buying an economy car include?
A. limited environmental impact
B. worse gas mileage
C. smaller passenger capacity
D. less space
Answers
The positive consequence of buying an economy car includes limited environmental impact.
Explanation: Economy cars are well known for their affordability when you want to rent a vehicle for your trips or vacation. These cars have great fuel economy i.e about 22-36 MBG.
These cars do not consume a lot of gas and thus reduce the dependency on fossil fuels and we know that the lesser the Car consumes fuel, the lesser the smoke will come out after exhaustion which will directly decrease the percentage of harmful gases like carbon dioxide, nitrogen oxide, hydrocarbons, and carbon monoxide. These are the gases that are responsible for the depletion of the ozone layer, causing harm to us and the environment.
It's been estimated that Economy cars reduce pollution by an estimation of about 50%. Thus, we can say that buying an economy car will have limited environmental impact.
Limited environmental impact would a positive consequence of buying an economy car include. Hence, option A is correct.
What is Limited environmental impact?A material or component that may be reused directly after reaching the end of its useful life with little to no additional processing has the lowest environmental impact. the year 2012's Advanced Materials in Automotive Engineering.
Environmental impacts are alterations to the built or natural environment that are a direct outcome of an activity and that may have a negative influence on the wildlife, fish, fisheries, fish, and other residents of the ecosystem.
Healthy ecosystems maintain our soil, clean our air, control the climate, recycle nutrients, and give us food. They offer resources and raw materials for making medications and other things.
Thus, option A is correct.
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our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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Below is the income tax system for the country of Genovia.
For income from $0 to $100, no income tax.
For all income above $100 but less than $400, the tax rate is 20%.
For all income above $400, the tax rate is 40%.
Jane Doe’s income is $500. What is her AVERAGE tax rate?
Group of answer choices
40%
33%
50%
20%
25%
Answers
Answer:
24%
Explanation:
The computation of the average tax rate is shown below:
Given that
From income $0 to $100, no income tax is applicable
From income above $100 upto $400, the tax rate is 20%
The income above $400, the tax rate is 40%
So based on the above information
Since the Jane doe income is $500
So here the average tax rate is
= (400 × 0.20) + (100 × 0.40) ÷ $500
= ($80 + $40) ÷ ($500)
= ($120) ÷ ($500)
= 24%
This is the answer but the same is not provided in the given options
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork
Answers
Answer:
She lost $754.05.
Explanation:
Giving the following information:
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.
The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.
Increase in salary= 52,000*1.025= $53,300
Inflation effect= 52,000/(1-0.038)= $54,054.05
To maintain her purchasing power, now, she needs to earn $54,054.05.
She lost $754.05.
What is an international board certified lactation consultant?
Answers
Lactation consultants who hold an internationally board certification work and contribute as part of the mother health team. while making suitable recommendations to other healthcare and community support services.
What distinguishes an IBCLC from a lactation consultant?
A Certified Breastfeeding Counselor (CLC), a less advanced certification than an IBCLC, is suitable for assisting nursing parents with straightforward issues. A candidate just has to complete a 4.5-day curriculum and an exam in order to get the CLC certificate. A Licensed Lactation Consultant must be an IBCLC. The majority of the employees at Healthy Horizons are International Board certified Certified Lactation Consultants, making them highly qualified specialists.
The bulk of the rest of our personnel have become Certified Lactation Educators.
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by multiplying the asset value by the exposure factor, you can calculate which of the following?
Answers
By multiplying the asset value by the exposure factor, you can calculate the Single Loss Expectancy (SLE). The SLE is an important metric in risk management, as it helps to determine the potential financial impact of a security breach or incident.
The asset value refers to the estimated worth of a particular asset, while the exposure factor represents the percentage of the asset that is at risk of being affected by a security breach. By multiplying these two factors, you can arrive at the SLE, which is the estimated financial loss that would result from a single security breach or incident.
This information can then be used to make informed decisions about risk management and prioritizing security measures to minimize the potential impact of a security breach.
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Place the items that appear on a balance sheet in the order in which they must appear, starting with the first at the top. 1. current assets. 2. fixed assets. 3. intangible assets. 4. current liabilities. 5. long-term liabilities. 6. owners equity
Answers
The balance sheet is organized in this order to show the liquidity of the company's assets and the maturity of its liabilities. Current assets and current liabilities are listed first. Followed by fixed assets, intangible assets, long-term liabilities, and owners equity.
The correct order of items on a balance sheet is as follows:
1. Current assets: These are assets that can be converted into cash within a year, such as cash, accounts receivable, and inventory.
2. Fixed assets: These are assets that are not easily converted into cash, such as property, plant, and equipment.
3. Intangible assets: These are assets that do not have a physical form, such as patents, trademarks, and goodwill.
4. Current liabilities: These are debts that are due within a year, such as accounts payable and short-term loans.
5. Long-term liabilities: These are debts that are due more than a year from the balance sheet date, such as mortgages and bonds.
6. Owners equity: This is the difference between the value of the assets and the value of the liabilities, and represents the owners' investment in the company.
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It has been determined that the schedule baseline is no longer accurate and requires modification. Which action must be taken to modify the baseline?
Answers
When the schedule baseline is no longer accurate and requires modification, the project manager must take the necessary action to update it.
This may involve revising the project scope, schedule, and budget as well as reviewing and updating the project plan. The project team must also be informed of the changes made to the baseline and any subsequent impact on the project schedule, budget, and scope.
Once the modifications have been made, the new baseline must be communicated to all stakeholders and documented in the project plan for future reference.
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. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application.
Answers
Answer:
Easy & difficult part of online job application, things mentioned.
Explanation:
Part of online job application easiest to complete - Time & Place Flexibility, Less scope of inaccuracies
Difficult section - Lack of physical interaction with the organisation can make someone lack crucial information regarding organisation's favourable & unfavourable criterias, preferences.
Work experience, special skills included in application (consecutively) - Internships with prestigous organisations, Public communication & leadership skills (consecutively)
Business math Help ??????? Are These Right ?
Answers
Answer:
yep its right
Explanation:
What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.
1. He will fill out the FAFSA form and send it in immediately.
2. He will ask his parents if they have a college savings account.
3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.
4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.
5. Upon graduation, he will start saving money for college.
Which statements identify errors in Jaiden’s plan? Check all that apply.
Answers
Answer:
-He should wait until his last year in high school to fill out the FAFSA.
-He should start saving right away. It is never too early to start a savings account.
-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
Explanation:
After many months in business, Horatio decides that there are some negative aspects of having a sole proprietorship. All of the followin
are negatives except.
Answers
As Horatio decides that there are some negative aspects of having a sole proprietorship, the exception to the negative was "Pride of ownership".
What is a sole proprietorship?It refers to a one-man business organisation. It involve a natural person (not a legal person/entity) who fully owns and manages this type of entity. In addition, the sole proprietorship usually does not have to be incorporated or registered.
Because of these fact, the sole proprietorship is the simplest form of business structure and the ideal choice to run a small business or medium scale business.
Missing options "a)lack of money b)lack of continuity c)pride of ownership d)unlimited liability
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Which subfield of industrial-organizational psychology focuses mostly on hiring practices?.
Answers
Human factors psychology subfield of industrial-organizational psychology focuses mostly on hiring practices.
Psychology is the clinical take a look at of thoughts and conduct. Psychology consists of the take a look at of aware and unconscious phenomena, including feelings and thoughts. it is an educational discipline of big scope, crossing the limits among the natural and social sciences.
The science of psychology blessings society and enhances our lives. Psychologists examine the relationships among brain characteristic and behavior, and the environment and conduct, making use of what they learn how to remove darkness from our expertise and enhance the world around us.
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How do I solve for ROI?
Chapter 11: Applying Excel Data Sales $25,000,000
Net operating income $3,000,000
Average operating assets $10,000,000
Minimum required rate of return 25% Review Problem: Return on Investment (ROI) and Residual Income Compute the ROI Margin ?
Turnover ?
ROI ?
Compute the residual income Average operating assets ?
Net operating income ?
Minimum required return ?
Residual income ?
Answers
The average operating assets are $10,000,000. Net operating income is $3,000,000.The minimum required return is 25%.The residual income is $500,000. The formula for calculating ROI is as follows: ROI = (Net Operating Income/Average Operating Assets) x 100%.
where Net Operating Income = Sales - Operating Expenses.
In your case, sales were $25,000,000 and net operating income was $3,000,000. Operating expenses would be the difference between these two values, which would be $22,000,000 ($25,000,000 - $3,000,000).Average operating assets were $10,000,000, and the minimum required rate of return was 25%.
To calculate the ROI, we'll need to use the formula mentioned earlier: ROI = (Net Operating Income/Average Operating Assets) x 100%
ROI = ($3,000,000/$10,000,000) x 100%ROI = 30%
To calculate the residual income, we'll need to use the following formula: Residual Income = Net Operating Income - (Minimum Required Return x Average Operating Assets)
Residual Income = $3,000,000 - (0.25 x $10,000,000)
Residual Income = $3,000,000 - $2,500,000
Residual Income = $500,000
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