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Yakvenalex [24]
3 years ago
5

Suppose Hubert and Kate are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix

that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Hubert chooses Right and Kate chooses Right, Hubert will receive a payoff of 5 and Kate will receive a payoff of 3.
Kata
Left Right
Hurbert Left 8,4 4,5
Right 5,4 6,4
The only dominant strategy in this game is___for____choose The outcome reflecting the unique Nash equilibrium in this game is as follows: Hubert chooses_____and Kate chooses_____.
Business
1 answer:
FinnZ [79.3K]3 years ago
7 0

Answer:

Best response for Kate  

If Hubert chooses left, Kate would have to choose Right so that Kate can make a payoff of 5.  

If Hubert chooses right, Kate would still choose right to make a payoff of 5.

Best response for Hubert  

If Kate chooses left, Hubert would choose Left to get a payoff of 8.  

If Kate chooses right, Darnell would choose right so as to make a payoff of 6.

The dominant strategy is the one that a player can pick regardless of the action of the other play.

<h2><em>The only dominant strategy in this game is for </em><em><u>Kate</u></em><em> to choose </em><em><u>right.</u></em></h2>

Kate will choose right regardless of what Hubert does because it will give the higher payoff. This is the dominant strategy.

<h2><em>The outcome reflecting the unique Nash equilibrium in this game is as follows: Hubert chooses </em><em><u>right</u></em><em> and Kate chooses </em><em><u>right</u></em><em>.</em></h2>

Kate will always choose right which would prompt Hubert to pick right as wel as as to make a payoff of 6.

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You are given the following information for Lightning Power Co. Assume the company's tax rate is 35 percent.
olga55 [171]

Answer:

The company's WACC is 9.14%

Explanation:

cost of preferred stock

= (dividend on preferred stock)/(current market price)

= [$100*4%]/$72

= 5.56%

total finance = debt + equity + preferred stock

                     = (8,000*$1,060) + (310,000*$57) + (15,000*$72)

                     = $8,480,000 + $17,670,000 + $1,080,000

                      = $27,230,000

weight of debt = debt/total finance

                         = $8,480,000/$27,230,000

                         = 0.31

weight on equity = equity/total finace

                             = $1.080.000/$27,230,000

                             = 0.04

WACC

= (weight of debt*after tax cost of debt) + (weight on equity*cost of equity)

= (0.31*0.0393) + (0.65-0.1185) + (0.04*0.0556)

= 9.14%

Therefore, The company's WACC is 9.14%

5 0
3 years ago
On his way home from work, Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his
Anika [276]

Answer:

Neighbourhood centre

Explanation:

A neighbourhood centre is a place where local local residents have access to a wide range of services. People gather for group activities, social support, public information and so on.

Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his suit. He did not have to move his car because next door was a gift shop where he could pick up a gift for his niece. Conveniently enough, next door to that store was a supermarket, where he purchased essentials like milk and cornflake cereal.

Phil is at a neighbourhood centre where wide variety of services are provided locally.

7 0
3 years ago
Read 2 more answers
Which of the following accurately describes the requirements banks must meet under a fractional reserve banking system? A. Banks
ikadub [295]

Answer:A,B,E,F

Explanation:

Just took the test

5 0
3 years ago
Rubin Enterprises had the following sales-related transactions on a recent day:
spayn [35]

Answer:

Transaction a

Debit  : Account Receivable $27,500

Credit : Sales Revenue $27,500

Transaction b

Debit  : Cash $5,875

Credit : Deferred Revenue $5,875

Transaction c

Debit  : Sales Revenue $1,500

Credit : Account Receivable $1,500

Transaction d

Debit  : Deferred Revenue $5,875

Credit : Sales Revenue $5,525

Credit : Discount received $350

Explanation:

The journals have been prepared above.

8 0
3 years ago
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Margaret [11]
What’s the quesitos asking? Like I know it’s a quick sort but like about what?
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