Answer:
Best response for Kate
If Hubert chooses left, Kate would have to choose Right so that Kate can make a payoff of 5.
If Hubert chooses right, Kate would still choose right to make a payoff of 5.
Best response for Hubert
If Kate chooses left, Hubert would choose Left to get a payoff of 8.
If Kate chooses right, Darnell would choose right so as to make a payoff of 6.
The dominant strategy is the one that a player can pick regardless of the action of the other play.
<h2><em>The only dominant strategy in this game is for </em><em>
<u>Kate</u></em><em> to choose </em><em><u>
right.</u></em></h2>
Kate will choose right regardless of what Hubert does because it will give the higher payoff. This is the dominant strategy.
<h2><em>The outcome reflecting the unique Nash equilibrium in this game is as follows: Hubert chooses </em><em>
<u>right</u></em><em> and Kate chooses </em><em>
<u>right</u></em><em>.</em></h2>
Kate will always choose right which would prompt Hubert to pick right as wel as as to make a payoff of 6.
Answer:false
Explanation:The opportunity cost test only determines a range of options, any of which would benefit both parties
Solution :
The average number of the arrivals, λ = 6 per hour
Average service rate, 
= 8
Average number of the customers in the system is given by,
= 3
Average number of the customers that are waiting in the line behind the person who are being served is,
= 2.25
Proportion of the time the server is busy,
= 0.75
Answer:
False
Explanation:
A sole proprietorship is owned and managed by a single person. The owner is responsible for all the decisions and actions of his or her business. The owner may hire workers to assist in running the business. The workers remain workers and not partners in the business.
The law does not distinguish between the business and the owner. Any liabilities arising from the business are considered to be the owner's liability. In this wedding situation, the sole proprietor is solely responsible for the mistakes of his assistant.
Answer:
B) Millcorp has a lawful innocent acquisition of a monopoly.
