The key to success in the "prisoner's dilemma" game is to
c) trust one's partner.
Answer and Explanation:
When there is price fixing between two competitors, if one competitor chooses to fix the price it should not exceed competutors marginal cost and should be above his marginal cost.
Since the price fixing of $10 will be fined then the ideal price to maximize the profit would be below the competitors price $ and above his marginal cost $.
The ideak price to maximize profits would be (competitors price $ + his marginal cost $)/2, This price would be above his marginal cost and below competitors price.
D. leniency is based on when somebody rates an employee too high. Strictness error is when somebody was rated very very low.
Answer:
the amount have in 25 years is $317,628
Explanation:
The computation of the amount have in 25 years is shown below:
PMT = Payment saved per year
= $3,000 + $750
= $3,750.00
N = Periods of payment = 25 years
R = Rate = 9%
Now the formula is
FV = (PMT × ((1 + R)^N-1) ÷ (R)
= $3,750 × ((1 + 9%)^25-1) ÷ (9%)
= $317,628
Hence, the amount have in 25 years is $317,628
