Question Completion:
Matrix payoff:
Sharon
Left Right
Paolo Left 8, 3 4, 4
Right 5, 3 5, 4
Answer:
The only dominant strategy in this game is for ___Paolo______ to choose ____Right______.
The outcome reflecting the unique Nash equilibrium in this game is as follows: Paolo chooses ____Right______ and Sharon chooses __ Right_____.
Explanation:
a) Paolo's dominant strategy is the strategy that always provides the greater utility to Paolo, no matter what Sharon's strategy is. In this case, the dominant strategy for Paolo is to choose RIGHT always.
b) The Nash Equilibrium concept determines the optimal solution in a non-cooperative game in which each player (e.g. Paolo and Sharon) lacks any incentive to change their initial strategies. This implies that each player can achieve their desired outcomes by not deviating from their initial strategies since each player's strategy is optimal when considering the decisions of the other player.
Answer:interoperability : This is the ability of computer system or software to exchange and make use of information. In other words, interoperability is the property that allows the unrestricted sharing of resources between different systems. It can also be defined as the exchange information resources between different computer through local area network (L. A. N) or wide area network (W. A. N)
There are two main types of interoperability
1.syntactic interoperability
2.Semantic interoperability
Examples
Health care:Hospital and laboratory are increasingly adopting new technologies and devices that are driven by sophisticated software which must integrate at the point of care and with electronic system such as electronic media records.
Explanation:
Answer:
This is an example of increasing protectionism.
Explanation:
Protectionism can be defined as an economic policy under which the government of a country limits imports in order to protect the domestic economy. The government adopts a number of actions to protect domestic industries. Some of these measures are
- Tariffs
- Quotas
- Subsidies
- Product standards
In the given example, the imposition of a 35% tariff on the imports of tires from China indicates increasing protectionism. This tariff will increase the price of Chinese tires in the US market. As a result, the buyers will prefer the domestic tires which will be cheaper.
This will help the tire manufacturing industry by increasing its demand. So their production and employment will increase as well.
Answer:
d. having enough books to satisfy customer demands versus the cost of having the inventory
Explanation:
There are inventory issues in each business. This is because many a times the demand and supply of inventory cannot be estimated.
Thus, in the given case also, there is same issue.
The books are written by famous politicians or celebrities, thus there is assurance of sale, because of the popularity, celebrity concerns etc:
At the same time there is no assurance as to the volume of sale. As people might criticize the books or people might like the book, but it will be in popularity that is confirm, because of social status of the author.
In this case to keep the inventory cost low, and also stock of inventory to meet the needs of people at the same time is challenge.
