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the following payoff matrix is for two players, each with two strategies: what is player 2's dominant strategy in this game? alw

barxatty [35]

Player 2 does not have a dominant strategy in this game.

What is dominant?
To be dominant is to exercise power. One male wolf in a pack engages in combat with the others, prevails, and rises to the position of leader. Dominus, which means "lord or master" in Latin, is where the word dominant originates. This is one of many names for God that you may be familiar with if you attended a Latin mass as a child. If you treat others as though you are their master, you are dominant. The word dominant can also be used to describe something frequent as well as typical. For instance, making calls was the primary function of cell phones when they first became available. Some people hardly ever make calls on their cell phones because they can do so much more now.

A dominant strategy is one that provides the best outcome regardless of what strategies the other player chooses. In this game, if Player 1 cooperates, then Player 2's best strategy is to also cooperate. However, if Player 1 cheats, then Player 2's best strategy is to cheat. Therefore, Player 2 does not have a dominant strategy because the best strategy depends on what Player 1 does.

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8 0

1 year ago

Merrell Corp. discontinued a component of its business on October 17. For the year, the discontinued component had operating inc

dalvyx [7]

Answer:

Net Income amount from Discontinuing Operations is $3,600,000

Explanation:

given data

operating income = $4,000,000

book values = $10,000,000

sold for = $12,000,000

Income from operations = $14,000,000

tax rate = 40%

to find out

amount that Merrell report as income from discontinue operation

solution

we find first here Gain on Sale of Assets of Discontinued Operations that is

Gain on Sale of Assets = $12,000,000 - $10,000,000

Gain on Sale of Assets = $2,000,000

and

Total Income from Discontinuing Operation is

Total Income = $4,000,000 + $2,000,000

Total Income = $6,000,000

and

Net Income from Discontinuing Operations will be

Net Income from Discontinuing Operations = $6,000,000 – ( 40% of $6,000,000 )

Net Income amount from Discontinuing Operations is $3,600,000

6 0

3 years ago

If there is a fall in the interest rate, ______.

elena-s [515]

Businesses will be more likely to expand their facilities

6 0

3 years ago

Read 2 more answers

Porter Corporation owns all 40,000 shares of the common stock of Street, Inc. Porter has 80,000 shares of its own common stock o

damaskus [11]

Answer: 5.05 per share

Explanation:

.Porter. Street

$,000 $,000

Net income. 264. 236

Less amortization 0. 12

Less Interest. 48. 36

Total. 216. 188

*=. 216+188= 404/80000shasres

=5.05

The parents company Peter fully owns all the share of street which means it takes the whole.profit of street, The consolidation sechdule only takes cognizance of the parents company shares in calculating earning per share and the subsidiary share which is Street it's treated as an investment. The convertible shares are also not taking into consideration since they have not been convert.

6 0

3 years ago

A person is planning to open a savings account with the intent to buy a house in 5 years. They will invest an equal amount each

lisov135 [29]

Answer:

The correct answer is C: $4300

Explanation:

Giving the following information:

They will invest an equal amount each month for 5 years.

This account will earn 6% per year(0.5% per month)and will have $300,000 at the end of the 5-year term

We need to use the following formula:

final value= {A[(1+i)^n-1]}/r

A= cuota

i= monthly interest

n= 60 months

Isolating A:

A= (FV*i)/[(1+i)^n-1]

A= (300000*0.005)/[(1.005^60)-1]

A= 1500/0.34885= 4300

3 0

3 years ago