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Nastasia [14]
3 years ago
10

Mary and Sam are the only two growers who provide organically grown corn to a local grocery store. They know that if they cooper

ated and produced less corn, they could raise the price of the corn. If they work independently, they will each earn S100. If they decide to work together and both lower their output, they can each earn S150. If one person lowers output and the other doesn't, the person who lowers output will earn SO and the other person will capture the entire market and will earn S200. The table below represents the choices available to Mary and Sam. What is the best choice for Sam if he is sure that Mary will cooperate? If Mary thinks Sam will cheat, what should Mary do and why? What is the prisoner's dilemma result? What is the preferred choice if they could ensure cooperation? (Each entry lists Sam's earnings first, and Mary's earnings second.)
Mary
A B
Sam A $100,$100 $200,0
B 0,$200 $150,$150
Business
1 answer:
evablogger [386]3 years ago
6 0

Answer:

Explanation:

Base on the scenario been described in the question, if raj is sure that Mary will cooperate, then the possible outcomes of Raj's is $200 and $150 .

If Mary thinks that Raj will cheat and work independently, then Mary will also cheat and work independently because if cooperate and Raj cheats, then Mary will not have anything.

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Bad White [126]

Answer:

The efficient level of security is 4 hours of security.

The equilibrium may not be sustainable.

Explanation:

In order to calculate the efficient level of security we would Set MB=MC i.e. guard's wage for net benefit maximization.

Hence, 100/(1+S)=20

20*(1+S)=10

1+S=5

S=4

Therefore, 4 hours of security is needed . The efficient level of security is 4 hours of security.

In the followig case Security guards is public good in this case, Public good is non-excludable and non-rivalrous. People cannot be stopped from using it without paying for it. Payment for security guard is voluntary. So, equilibrium may not be sustainable.

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3 years ago
Junk bonds are high-risk, high-yield debt instruments. They are often used to finance leveraged buyouts and mergers, and to prov
Luda [366]

Answer:

true              

Explanation:

Junk bonds can be defined as the bonds that require a higher default risk than most corporate and government issued bonds. A bond is indeed a debt or promise to pay interest payments to investors in return for purchasing the bond and the return of the invested principal.

Junk bonds depict debt issued by financially struggling companies with a significant risk to defaulting or failing to pay even their own monthly payments or reimbursing the principal to lenders. Thus, from the above we can conclude that the given statement is true.

3 0
3 years ago
A partnership set up for a specific purpose for a short period of time is known as a joint stock company. acting board of direc
amm1812

Answer:

joint venture

Explanation:

A joint venture is a strategic alliance where two or more parties, usually businesses, form a partnership to share markets, intellectual property, assets, knowledge, and, of course, profits. A joint venture differs from a merger in the sense that there is no transfer of ownership in the deal

Joint ventures provide a way for companies to enter foreign markets. For example, a foreign company enters into a joint venture with a U.S. company for sale of its product. The foreign company then benefits from the domestic company's governmental approval and business relationships in the industry.

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Answer: the bank promises to pay on the importer’s behalf

Explanation:

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2 years ago
The individual mechanism that deals with workers' psychological reactions to overtaxing job demands is referred to as?
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The individual mechanism that deals with workers psychological reactions to overtaxing job demands is referred to as stress.

Stress is considered as a defensive mechanism, as it follows the three stages of resistance, alarm, and exhaustion. The psychological stress is usually associated with negative life changes.

So here in this case, the individual mechanism, which is dealing with the workers psychological reactions to overtaxing job demands is considered as stress. As the workers are stressed due to the overtaxing job demands.

Hence, the coping mechanisms are the strategies people often use in the face of stress in order to help manage painful or difficult emotions.

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