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k0ka [10]
3 years ago
9

Consider the voluntary contribution to building a fence game discussed in class. Assume that v1 = v2=100 and C=150, and select a

ll that apply.
a. Each player donating 100 is a pure strategy Nash equilibrium in the game.
b. Contributing more than her own valuation is a strictly dominated strategy for each player.
c. It is efficient to build the fence.
d. There are Nash equilibria in which the fence is not built.
Business
1 answer:
iren2701 [21]3 years ago
6 0

Answer:

Correct Answer is Option c  

It is efficient to build the fence.  

(The net profit is 100 to each for an entire of 200 and the cost is 150, consequently it is efficient. For example both contribute 75, and their evaluation is 100 so both are better off with the barrier built)

a) and b) are incorrect as disbursing more than the own evaluation is not a firmly conquered strategy and each player giving 100 will be corresponding to a total of 200 and it is not a Nash equilibrium as both can reduction what they pay and be better off.

d) There are Nash equilibria in which the fence is not built. (Assume one is paying 0, then the cost to be reserved up by the other one will be 150 and the evaluation is 100, so both paying 0 will be a Nash equilibria as neither have any inducement to deviate and pay alone).

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3 years ago
What is stock? Explain in your own words.
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2 years ago
Suppose that in a given month $40 million is deposited into the banking system while $50 million is withdrawn. Assume that the r
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Explanation:

$40 million was deposited while $50 million was withdrawn.

The net change in the banking system would therefore be,

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The money supply can be calculated as the net change multiplied by the money multiplier.

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Change in Money Supply is,

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2 years ago
Why is the price elasticity of demand for coca-cola greater than the price elasaticity of deman for soft drinks generally?
wolverine [178]

A soft drink's price elasticity of demand is lower than Coca-Cola's, which is more sensitive to price. This is due to the ease with which consumers can switch from Coca-Cola to other comparable soft drink alternatives, such as Pepsi.

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7 0
1 year ago
Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Dete
storchak [24]

Answer:

The cost of goods sold using the LIFO menthod is;

d. $3,580

Explanation:

Last in First Out (LIFO) method is an inventory method where the recently purchased good is sold first. This means that when accounting for the cost of goods sold, we use the unit cost of the goods that were purchased recently. In our case;

1 Beginning Inventory 150 units @ $10.00

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<em>Step 1: Determine total number of units sold;</em>

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<em>Step 2: Determine total cost of goods sold</em>

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Total cost of goods sold=$3,580

5 0
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