Answer: 1. Jacques picks Right
2. Jacques picks Right and Kyoko picks Right.
Explanation:
Hello.
I wasn't quite clear on your question so I added an attachment with the full question.
1. The only dominant strategy in this game is for ____Jacques____ to choose ___Right____.
The Dominant strategy for a player is that strategy that will result in the highest payoff independent of the actions of the other player.
If Jacques plays Right, they will have more or equal payouts but never less than Left regardless of what Kyoko does. Therefore choosing Right is Jacques's Dominant strategy.
2. The outcome reflecting the unique Nash equilibrium in this game is as follows: Jacques chooses___Right_______and Kyoko chooses ____Right_____.
Jacques will go with their dominant strategy of picking Right. This will make Kyoto pick the alternative of Right that results in the higher payoff. They make a payoff of 8 if they pick Right as well so that is what they will do.
If you need any clarification do comment. Cheers.
Answer:
The answer is: A) Farmers will substitute the production of other agricultural goods? (like soybeans) with corn.
Explanation:
When the price of a certain product increases so steeply, new suppliers will enter the market to offer their products.
Since farmers can only produce one crop at the time in a certain lot, they will always tend to produce the crop that gives them the highest profit. In this case if corn becomes very expensive, it is reasonable to assume that more farmers will produce corn by substituting others crops (like soybean or wheat).
The correct answer for this question is this one: "B. You have the potential to earn less money in the future when you continue your education past college."
The return on investment (ROI) for higher education is high even thought the cost of college is increasing. So, <em>you have the potential to earn less money in the future when you continue your education past college.</em>
Hope this helps answer your question and have a nice day ahead.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year.
First, we need to determine the final value with the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Then, we can calculate the present value with the following formula:
PV= FV/(1+i)^n
A)i=11%
FV= {15400*[(1.11^9)-1]}/0.11
FV= $218,125.17
PV= 218,125.17/(1.11^9)= $85,270.53
B) i= 6%
FV= {15400*[(1.06^9)-1]}/0.06
FV= $176,966.27
PV= 176,966.27/(1.06^9)= $104,746.06
C) i= 16%
FV= $269,785.02
PV= $70,940.77
To determined the profit is being maximized, you need to make sure that the difference between the total revenue and total cost is greatest. So the formula we need to use in determining the maximized profit is
Profit = Total Revenue - Total Cost
Given
TR = $5
TC = $4.10
Solution
Profit = 5 - 4.10
= 0.9
The answer is 0.9.
