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aniked [119]
3 years ago
15

"the table above shows the payoff matrix offered to two suspected criminals, bonnie and clyde. the payoffs are the years they wi

ll spend in prison. the suspected criminals are not allowed to communicate. given the information in the payoff matrix, the nash equilibrium is that bonnie ________ and clyde ________."
Business
1 answer:
Semmy [17]3 years ago
6 0
They both will confess to the other's crimes.

They both could get lighter sentences for co-operating with each other, but since they are not allowed to communicate with each other, and hence will have only their best interests in mind, to betray the other for his own good. However, when they both do this, it becomes a double betrayal, and hence their sentences become even longer.
You might be interested in
Question 7 (1 point)
krok68 [10]

Answer: John's Savings account balance declined by $50 and his Checking account balance increased by $50

Explanation:

The checking account statement shows that there was an online funds transfer from Savings into the checking account.

The checking account will therefore increase by $50 because money was transferred into it and therefore added to its balance. The savings account on the other hand, will reduce by the same amount because it transferred the money into another account.

7 0
3 years ago
The common stock of Auto Deliveries sells for $26.46 a share. The stock is expected to pay $2.00 per share next month when the a
denpristay [2]

Answer:

The market rate of return on the stock is 12.55%

Explanation:

Computing the market rate of return on the stock is as:

Selling price of common stock = Expected price per share / (Rate of return [R] - Dividend)

where

Selling price of common stock is $26.46

Expected price per share is $2.00 per share

Dividend is 5.0%

Putting the values above:

$26.46 = $2.0 / (R - 5%)

$26.46 = $2.0 / (R - 0.05)

R - 0.05 = $2.0 / $26.46

R - 0.05 = 0.0755

R = 0.0755 + 0.05

Rate of return = 0.1255 or 12.55%

5 0
3 years ago
Your job includes ordering phone service for new employees. You are considering two phone plans. The first plan charges $23.35 p
BabaBlast [244]

Answer:

$34.68

Explanation:

The total cost by following the first plan will be the charge per months times  12 months

= $23.35 x 12

= $280.2

The total cost from the second plan will be the cost of the first three months at  $14.99 plus the cost of 9 months at $29.99

=($14.99 x 3) + ($29.99 x 9)

=$44. 97 +$269.91

=$314.88

The first plan is the better deal. It will save

= $314.88 - $280.2

=$34.68

5 0
2 years ago
Determining Net Cash Flow from Operating Activities: Burch Company reported the following items in its balance sheet and income
Tanya [424]

Answer:

$9,000

Explanation:

The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.

The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.

The net cash flows from operating activities using the indirect method

= -5000 - 20,000  + 10,000 + 25,000 - 1,000 (all amounts in $)

= $9,000

This represents a net inflow.

3 0
3 years ago
An economics student makes the following statement: "It's easy to understand why the aggregatedemand curve is downward sloping:
mafiozo [28]

<u>Answer</u>:

<u>True</u>

Explanation:

Indeed, the economics student was mistaken because aggregate demand <em>follows a pattern</em> that when prices rise, consumer wealth declines, the interest rates rise, and exports become more expensive thus leading to a downward sloping of the aggregate demand curve.

Therefore, the second statement is correct (True) for saying the economics student was wrong in his statement.

5 0
3 years ago
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