1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tanzania [10]
3 years ago
5

A job candidate is being taken out to dinner by a an interviewer. The interviewer gets to pick therestaurant they will dine (eit

her a chain or a local restaurant). Once at the restaurant, the job candidatewill pick ordering the steak or the salad. The chain restaurant has a better steak while the local restauranthas a better salad. Steaks are more expensive than salads at both restaurants and the local restaurant ischeaper than the chain restaurant.
(Interviewer payoff, Candidate payoff); local vs chain and salad vs steak

local-salad: (4,3)
local-steak: (2,1)
chain-salad: (3,2)
chain-steak: (1,4)

Required:
a. Given the payoff table above, draw the extensive form of the game including payoffs and use backward induction to find the outcome of the game (i.e. which restaurant will they visit and what will the job candidate order?)
b. Write the strategy employed by the interviewer and the strategy employed by the job candidate.
c. Write all the other possible strategies for each player.

Business
1 answer:
Fofino [41]3 years ago
5 0

Answer and Explanation:

a. They will visit the local restaurant and the job candidate will choose to have salad as an order. Please check the attachment I added for the other parts of the answer.

b. The interviewer would make a choice and choose local restaurant. Based on this choice, the job candidate will choose salad. If the interviewer should choose chain restaurant, the job candidate will choose steak

C. Strategy

The interviewer:

S = {chain,local}

Job candidate:

S = {(steak, salad} multiplied by {steak, salad}

= {(Steak steak), (steak salad), (salad, steak), (salad,salad)}

You might be interested in
A spurious relationship occurs between two variables when:
Solnce55 [7]
Bovin and bogus are the 2 variablez used in a spurious relationship
6 0
3 years ago
Q 8.17: The financial statements of the Larson Company report net sales of $1,000,000 and accounts receivable of $80,000 and $60
Phoenix [80]

Answer:

25.55 days

Explanation:

first we must calculate the accounts receivable turnover ratio = net sales / average accounts receivable

net sales = $1,000,000

average accounts receivable ($80,000 + $60,000) / 2 = $70,000

accounts receivable turnover ratio = $1,000,000 / $70,000 = 14.286

average collection period = 365 days / accounts receivable turnover ratio = 365 / 14.286 = 25.55 days

8 0
3 years ago
Which strategy are you using when you only read the title section headings and captions?
Andru [333]

Answer:

Skimming

Explanation:

7 0
3 years ago
Read 2 more answers
Willow Corporation had three employees. Two of the employees worked full-time and earned salaries of $25,000 each. The third emp
Montano1993 [528]

Answer:

$102

Explanation:

FUTA tax due from Willow Corporation for 2019, after the credit for state unemployment taxes, can be calculated by deducting the Paid state unemployment tax by the FUTA tax.

DATA

Paid State Unemployment Tax = (7,000+7,000+3,000) x 5.4%

Paid State Unemployment Tax = $918

FUTA tax rate in 2019 = 6%

Solution

FUTA tax (6% x $17,000) = $1,020

FUTA tax due =  $1,020 - $918

FUTA tax due = $102

7 0
3 years ago
On average, companies that create plans have larger profits and grow much faster than companies that don't. true false
Murrr4er [49]
False - because not every business plans work
3 0
3 years ago
Other questions:
  • Apple has been working on what it believes is a revolutionary new technology. CEO Tim Cook is finally ready to showcase this tec
    8·1 answer
  • 1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a r
    14·1 answer
  • Preparing an Accounts Payable Schedule Pilsner Inc. purchases raw materials on account for use in production. The direct materia
    14·2 answers
  • Camilo and Isa have three children all under the age of ten. The two youngest children, who are three and five years old, attend
    7·1 answer
  • What motivates high school students to join professional organizations?
    11·1 answer
  • Yankton Company began the year without an investment portfolio. During the year, it purchased investments classified as trading
    5·1 answer
  • Assume a firm has earnings before depreciation and taxes of $620,000 and no depreciation. It is in a 40 percent tax bracket.
    11·1 answer
  • Which would you use to estimate the demand for a product at various prices?
    13·1 answer
  • Depreciation SchedulesDunn Corporation acquired a newr depreciable asset for $135,000. Theasset has a 5-year expected life and a
    7·1 answer
  • A grievance isGroup of answer choicesan implication that management has broken a management-union agreement, but it must be prov
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!