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BaLLatris [955]
3 years ago
12

Suppose you and a classmate are playing a game where your classmate proposes a division of​ $1.00. ​ Then, you either accept or

reject the offer. If you​ accept, then you and the classmate get the proposed portions of the dollar. ​ However, if you reject the​offer, then you and your classmate receive nothing.
Suppose your classmate offers you $0.12
What is your optimal​ strategy?
Your optimal strategy is to _________ the proposed division.

A. Accept
B. Reject

Now suppose instead that you propose the division of the dollar. Your classmate will then accept or reject your division. If the classmate​ accepts, then you each receive the portion of the dollar as you have proposed. ​ However, if your classmate​ rejects, then you both get nothing.
Your optimal strategy is to offer your classmate ​$ 0.99. (Enter a numeric response to two decimal places)
Business
1 answer:
pochemuha3 years ago
4 0

Answer: The correct answers are "A. Accept" and "$ 0.01".

Explanation: Given that we talk about optimal strategy when maximizing the expected profit by the player:

In the first case It is convenient to accept the proposal and keep $ 0.12, instead of rejecting it and running out of nothing.

And in the second case it is convenient to give the classmate as little as possible so that he accepts and we have a greater profit.

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tatuchka [14]

Answer: $3.10

Explanation:

The actual price per pound of direct materials purchased in June will be calculated as follows:

Let the actual price be represented by x.

Material price variance is calculated as:

= (standard price-actual price) × actual quantity

-2000 = (3 × 20000) - 20000x

-2000 = 60000 - 20000x

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x = 62000/20000

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Therefore, the actual price per pound of direct material bought in June is $3.10

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3 years ago
What is the totality of a firm's organizational arrangements, including its formal organizational structure, control systems, in
Rainbow [258]

Answer:

Organizational architecture.

Explanation:

The organizational architecture can be defined as the structure of the company, which includes all the integrated systems of the organization, that is, all the tangible and intangible assets that make up the organizational whole.

In order to operate effectively, every organization must have an organizational architecture that enables the correct flow of processes that will assist in achieving the objectives and goals.

To assess which type of organizational architecture is appropriate for a business, it is necessary to analyze the company's systems, culture and strategy.

3 0
3 years ago
Lefave, Inc., manufactures and sells two products: Product Q1 and Product D5. Data concerning the expected production of each pr
Travka [436]

Answer:

Predetermined manufacturing overhead rate= $29.59 per direct labor hour

Explanation:

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Total= $466,216

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 466,216/15,755

Predetermined manufacturing overhead rate= $29.59 per direct labor hour

5 0
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8 0
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3 years ago
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