Answer:
Here according to the game theory the likely strategy by the prisoner is that:
A. Both will confess
Explanation:
Here, in the given question it is mentioned that Mel and Max are two prisoners both have been given an independent choice of confession whether to confess or not for a crime they have done.
So, there are different cases which will lead to different actions by the court i.e.
- If neither of them will confess they will have to spend 2 years in jail.
- If both will give their confession they will be spending 3 years in jail.
- If one of them confesses and the other does not do the one who will confess will get out of the jail within 1 year and the other one will get a 6 years of jail period.
So, according to the Game theory, the strategy that is going to be likely followed is that :
A. Both the prisoners will confess.
That statement is false.
To ensure the effective communication, the body of report should only include general information, problem/challenges, sources, and methods.
Extensive detail should be placed on the later pages where the shareholders could personally read it by themselves.
Arbitration refers to a type of alternative to dispute resolution; it involves resolving of disputes outside courts. In this type of dispute resolution, arbitrators consider the case of each party and render arbitral award which is legally binding and enforceable in courts.
Arbitration has become widespread in the last few decades due to the fact that the law may require the disputing parties to take their case to arbitration. For instance, some states in America have laid down statues that demand that some dispute types have to be submitted to arbitration.
I would tell my boss that investing in more resources in forecasting and planning could help the organization because forecasting the number, types, and quality of employees needed to execute the business strategy is critical for effective staffing.
<h3>What is
staffing.?</h3>
Staffing is the ongoing process of locating, selecting, evaluating, and developing a working relationship with current or prospective employees. The primary goal of staffing is to find suitable candidates for the various roles within the company.
Click here to learn more about staffing agencies. What we do at Morales Group is an example of staffing: temporary, temp-to-hire, direct hire, seasonal, bilingual, workforce development, and so on. Attracting and screening potential candidates are two examples of recruitment methods.
Staffing is the process of hiring qualified candidates for specific positions within an organization or company. Staffing is defined in management as the process of recruiting employees by evaluating their skills and knowledge and then assigning them to specific job roles.
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Marie's daily profit is R 37.50
What is daily profit?
Daily profit from Marie's perspective is the excess of her daily revenue over her daily cost of buying doughnuts from the local bakery, bearing in mind that selling price per doughnut is R5 and cost per unit R3.50
We can first of all determine her daily revenue as the selling price per unit multiplied by the number of doughnuts bought
daily revenue=R5*25
daily revenue=R125
Also, total daily cost is the cost price per doughnut multiplied by the units bought
total cost=R3.50*25
total cost=R 87.5
Having determined the total revenue and total cost daily, we can proceed to computing daily profit as total revenue minus total cost
Profit = Sales - Total Costs
Profit=R125-R87.50
Profit=R 37.50
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