Answer:
a. The two players playing the game
b. No dominant strategy
c. No equilibrium
Step-by-step explanation:
a. The players are the two people playing the game of matching pennies
The strategy of the players are to meet the conditions of them keeping the pennies by having either heads or tails
The payoff of the game are as follows;
Player A keeps the two pennies when the outcome matches
Player B keeps the two pennies when the outcome does not match
The payoff of the game are as follows;
Player A
Head Tails
Player B Head 1, -1 -1, 1
Tails -1 1 1, -1
Where:
x, y
x = Player A
y = Player B
1 = Getting to keep the two pennies
-1 = Losing a penny
b. There are no best strategy because the game is one of chance whereby the result of the strategy of one player depends on the side of the penny facing up by the other player.
c. There is no equilibrium as the possible outcomes are equal hence the outcomes can be even or one sided.
Simplest Form: 
How to Simplify a Ratio A : B when A and B are both whole numbers:
- List the factors of A
- List the factors of B
- Find the greatest common factor of A and B, GCF(A, B)
- Divide A and B each by the GCF
- Use the whole number results to rewrite the ratio in simplest form
Try to reduce the ratio further with the greatest common factor (GCF).
<em>The GCF of 14 and 4 is 2</em>
Divide both terms by the GCF, 2:
14 ÷ 2 = 7
4 ÷ 2 = 2
The ratio 14 : 4 can be reduced to lowest terms by dividing both terms by the GCF = 2 :
14 : 4 = 7 : 2
Therefore:
14 : 4 = 7 : 2
$49.86
Step-by-step explanation:
277x118=32686
32686 divided by 100 = 326.86 ( value after the increase )
326.86-277.00=$49.86
2x + y = 71
y = x + 5
2x + (x + 5) = 71
3x + 5 = 71
3x = 71 - 5
3x = 66
x = 66/3
x = 22 .... small van
y = x + 5
y = 22 + 5
y = 27 <=== larger van
