Complete question:
Consider the game of chicken. Two players drive their cars down the center of the road directly at each other. Each player chooses SWERVE or STAY. Staying wins you the admiration of your peers (a big payoff) only if the other player swerves. Swerving loses face if the other player stays. However, clearly, the worst output is for both players to stay! Specifically, consider the following payouts. Player two Stay swervePlayer one stay -6 -6 2 -2 swerve -2 2 1 1
a) Does either player have a dominant strategy?
b) Suppose that Player B has adopted the strategy of Staying 1/5 of the time and swerving 4/5 of the time. Show that Player A is indifferent between swerving
and staying.
c) If both player A and Player B use this probability mix, what is the chance that they crash?
Explanation:
a. There is no dominant strategy for either player. Suppose two players agree to live. Then the best answer for the player is to swerve(-6 versus -2). Yet if the player turns two, the player will remain one (2 vs 1).
b. Player B must be shown to be indifferent among swerving and staying if it implements a policy (stay= 1⁄4, swerving= 5/4).
When we quantify a predicted award on the stay / swerving of Player A, we get
E(stay)= (1/5)(-6)+ (4/5)(2)= 2/5 E(swerve)= (1/5)(-2)
c. They both remain 1/5 of the time. The risk of a crash (rest, stay) is therefore (1/5)(1/5)= 1/25= 4%
Answer:
6,750 dinner cruise tickets
Explanation:
The computation of the break even point in units is shown below:
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
So, the contribution margin per unit is
= $80 - $40
= $40
And, the fixed expenses is $240,000
And, the target operating income is $30,000
So, the target sales in units is
= ($240,000 + $30,000) ÷ ($40)
= 6,750 dinner cruise tickets
I would say different things such as crowdfunding, bank loans, <span>start-up funds, factoring, and angel investors. Getting enough money to support your work, possible co-owners and workers, and even defining on the money taken in from customers will take some time to evaluate. </span>
Answer:
The annual depreciation under straight line method is $3,120
And under double-declining method:
Year 1 = $7,200
Year 2= $6,624
Explanation:
Please find the attached for the calculations
I believe the correct answer is true. <span>For every decision you make, there is a trade-off. A decision is always accompanied by two choices. One of these choices is the better. Every choice has its own advantage and disadvantage so that a trade off will always be present. Hope this answers the question.</span>
