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Kipish [7]
3 years ago
13

Statement 1: "In the game of chicken, two teen agers had cars and were directed to drive as fast as they could at each other and

either 'Go for Broke' or 'Wimp Out'. There was a single Nash equilibrium in pure strategies that solved the game."
Statement 2: "If the game of chicken was played repeatedly (with living teens replacing the teens that died along the way in car crashes) then there is incentive for a player to develop a reputation for 'Going for Broke!"
a. Both statements are true
b. Both statements are false.
c. Statement 2 is true, ad 1 is false
d. Statement 1 is true, but 2 is false
Business
1 answer:
Jlenok [28]3 years ago
3 0

Answer:

Statement 2 is true and 1 is false  ( C )

Explanation:

From the statements given above we can deduce that statement 2 is true while statement 1 is false and this is because there isn't one pure Nash Equilibrium in a pure strategy game that will solve the game as portrayed in statement 1, instead there will be two(2) pure Nash equilibrium.

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How is creative thinking similar to a child’s thinking? A. Neither process restricts itself to logical solutions. B. Both though
-BARSIC- [3]

Answer: D. Both thought processes are linear

Explanation: I think I'm not too certain.

5 0
2 years ago
Suppose economists observe that an increase in government spending of $14 billion raises the total demand for goods and services
Alexandra [31]

The estimation of the marginal propensity to consume should be 2 ÷3

The computation of the estimation of the marginal propensity to consume is shown below:

But before that the multiplier should be

= Total demand for goods & services ÷ government spending

= $42 billion ÷ $14 billion

= 3

Now as we know that

Multiplier = 1 ÷ (1 - MPC)

3 = 1 ÷ (1 - MPC)

1 - MPC =  1 ÷ 3

MPC = 1 - 1 ÷3

= 2 ÷ 3

Therefore we can conclude that The estimation of the marginal propensity to consume should be 2 ÷3

Learn more about the multiplier here: brainly.com/question/490794

4 0
3 years ago
CarPro is an automobile dealer selling only new cars. CarPro sells three types of vehicles: sedans, SUVs and trucks. CarPro plac
netineya [11]

Answer:

14 truck and 1 suv produce 21,800 profit

Explanation:

We have to solve for the contribution margin considering the constraing resourse which, is the ordering cost:

\left[\begin{array}{cccc}&sedan&SUV&truck&\\$NRV&19000&21850&20425&\\$Cost&-18000&-20500&-19000&\\$CM&1000&1350&1425&\\$Constrain resource&18000&20500&19000&\\$CM per constrain&0.05556&0.0659&0.075&\\\end{array}\right]

The card models revenue is calcualted using the net realizable value for each card, which is their sales price less the 5% sales commission.

Then we solve for how many truck will it purchase:

300,000 / 19,000 = 15,78

So the company will purchase 15 trucks

giving 15 x 1,425 = 21,375

This will require 2.5 x 15 = 37.5 hours thus 5 sales man (40 labor)

This creates 2.5 hours unsured

and also 300,000 - 15,000 x 19,000 = 15,000 dollar which are not productive

So, we will try to make a better use to purchase the SUV which is the second best option instead of the 15th truck:

giving 14 x 1,425 + 1350 = 21,300

we subtract the 500 dollar of sales man and get a 21,800 profit

with less unproductive dollar. So this will be the answer

7 0
4 years ago
Cost of Goods Sold account is debited and Finished Goods Inventory is credited for A) purchase of goods on account. B) the sale
Firlakuza [10]

Answer:

B) the sale of goods to a customer.

Explanation:

When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.

For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:

Account                                    Debit           Credit

Cash                                         $1,200

Sales Revenue                                             $1,200

Cost of Goods Sold                $1,000

Finished Goods Inventory                           $1,000

7 0
3 years ago
Which of the following is not an attribute of workplace management?
RideAnS [48]

Answer:

Punishing employees who are less productive. Firing is the only punishement I have ever known.

5 0
3 years ago
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