Answer:
A. Check the attached image for the payoff matrix
B. Confess
C. Confess
D. 3 years. They could have avoided this by confessing.
Explanation:
The above question is known as the prisoner's dilemma. It is a form of game theory. It analyses the best option for a player in a game without regard for what the other player does.
The dominant strategy is the best decision for the player without considering what the other player does or without cooperation between the players. The dominant strategy for each of the prisoners is to confess because if one confesses and the other doesn't, the one that confesses goes free. If both prisoners confesses, they get 10 years each. These is a better option than not confessing and getting either 3 years or 15 years of prison sentence.
Because both players don't confess, hence they get 3 years in prison. They could have avoided the sentence by confessing.
I hope my answer helps you
Answer:
$4,927
Explanation:
The computation of tax liability is shown below:-
Suta wage base is $28,200. So, income besides $28,200 is not subject to Suta tax.
Total taxable income = Annabelle + Beatrice + Michael + Howard
= $28,200 + $24,880 + $28,200 + $28,200
= $109,480
Suta tax liability = Total taxable income × Tax rate
=$109,480 × 4.5%
= $4,927
So, for computing the Suta tax liability we simply multiply the total taxable income with tax rate.
Answer:
$208,000
Explanation:
Calculation for fixed overhead applied
Using this formula
Fixed overhead applied =Budgeted Fixed overhead+Fixed overhead volume variance
Let plug in the formula
Fixed overhead applied =$200,000+$8,000
Fixed overhead applied=$208,000
Therefore Fixed overhead applied must be $208,000
Options:
A) defensive; inject
B) defensive; drain
C) dynamic; inject
D) dynamic; drain
Answer:
Correct option is A.
Explanation:
If Treasury deposits at the Fed are predicted to <u>increase</u>, the manager of the trading desk at the New York Fed bank will likely conduct <u>defensive</u> open market operations to <u>inject </u>reserves.
Revenue that is foregone (or given up) as a result of doing another activity is known as an opportunity cost
This is further explained below.
<h3>What does the opportunity cost?</h3>
Generally, In the context of microeconomic theory, the opportunity cost of a certain action refers to the value or gain that is lost as a result of participating in that activity as opposed to participating in an alternative activity.
To put it another way, it indicates that if you choose one activity over another, you will not be able to participate in the other choice.
In conclusion, An opportunity cost is the amount of potential income that is lost as a direct consequence of a decision to engage in another activity instead.
Read more about opportunity cost
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