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Reil [10]
3 years ago
8

The normal-form game box below outlines a generic game for two players to illustrate basic principles. Each player has two strat

egies (top and bottom for player 1 and left and right for player 2). The letters in the boxes represent the payoffs based on the combination of strategies chosen, so if the choices are (bottom left), player 1 receives a payoff of eand player 2 receives a payoff off.
Player 2
Game Matrix Left Right
Player 1 Top a,b c,d
Bottom e, f g h
If (top, left) is a dominant strategy equilibrium, which of the following must be true?
a) A hf.
b) g> C.
c) b>d.
d) c>g.
e) aze.
Which of the following statements is true?
A. No Nash equilibrium is also a dominant strategy equilibrium.
B. No dominant strategy equilibrium is also a Nash equilibrium.
C. Every dominant strategy equilibrium is also a Nash equilibrium.
D. Every Nash equilibrium is also a dominant strategy equilibrium.
Business
1 answer:
tatiyna3 years ago
5 0

Answer:

1. c) b>d

d) c>g

2. No dominant strategy equilibrium is also a Nash equilibrium.

Explanation:

Payoff matrix are  used in business as it represent the possible outcomes of the decisions made. In the given scenario player 1 and player 2 have different outcomes based on the game matrix. The player 1 will get best possible payoff when he falls in Top Left matrix. This is dominant strategy which must be Nash equilibrium.

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Scarborough Faire Herb Farm is a small company specializing in selling organic fresh herbs, teas, and herbal crafts. Currently,
kirza4 [7]

Answer:

Sales This year will be $180,800

Explanation:

Total Sales Last Year = $160,000

Growth rate of sales = 13%

Sales This year = Total Sales last year x (1+Growth rate)

Sales This year = $160,000 x (1+13%)

Sales This year = $160,000 x (1+0.13)

Sales This year = $160,000 x 1.13

Sales This year = $180,800

4 0
3 years ago
An extended period of little or no growth in gdp, wages, and prices is a period of?
dolphi86 [110]

An extended period of little or no growth in GDP, wages, and prices is a period of stagnation.

When real economic growth is less than 2% annually it is considered stagnation. Stagnation is a prolonged period of little or no growth in an economy. This no growth economic period affects various sectors of the economy such as GDP, wages, prices etc.

Stagnation can occur as a temporary condition, such as a growth recession or temporary economic shock. Stagnation is a situation which occurs within an economy when total output is either flat, declining, or growing slowly.

Hence, stagnation in economy can occur due to a number of causes.

To learn more about stagnation were:

brainly.com/question/4323624

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3 0
1 year ago
Jared expects to charge $60 per hour for his industrial maintenance business during the following year. He expects to reach 50,0
Nataliya [291]

Answer:

Explanation:

He should work with the 50,000 hours estimate instead of the 40,000 in order to avoid shortage of funds during the business year

8 0
3 years ago
One of the most important activities of entrepreneurs is identifying their customers. This includes understanding when consumers
Margarita [4]

Answer:

Explanation:

First we have to understand what is a consumer. A consumer is that person who purchases a goods or services for personal use.

1. Early adopters. (first adopters)

2. Innovators. (first adopters)

3. Early Majority. (first adopters)

4. Late majority. ( Last adopters)

5. Laggard. ( Last adopters)

2. a. High-income people who have inherited their wealth. ( Laggard)

b. Future oriented Below-average-income wage earners ( Innovators)

c. Present (security) oriented High-income people who have incomes from salary and investment. ( Late majority)

d. Highest professionals, including merchants and financiers. ( Last majority )

e. Present oriented Average-income wage earners. ( Early adopters)

f. Middle managers and owners of medium-sized businesses. ( Early Majority)

g. Above-average-income wage earners. ( early adopters)

h. Present oriented, but worried about the impact of time. (Late majority)

I. Unskilled labor Skilled labor. (Innovators)

J. Owners of small businesses; non-managerial office and union managers. ( early adopters)

K. Tradition-oriented people who often live in the past. (Laggard)

6 0
3 years ago
Assuming the use of a 365-day year, Barry Bees, Inc.'s Cost of Goods Sold equals $10,000. A. Its Beginning Inventory was $800, a
Ket [755]

Answer:

The answer is 36.5 days

Explanation:

Average days to sell inventory is the number of days it takes a firm or business to sell its inventories in a year.

(Average inventory/cost of goods sold) x 365 days

Average inventory = ($800 + $1,200) ÷ 2

=$1,000

Therefore, Barry Bee's average days to sell inventory is ($1,000 ÷ $10,000) x 365days

=36.5 days

7 0
3 years ago
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