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astra-53 [7]
2 years ago
5

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

hat 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 Alex chooses Right and Becky chooses Right, Alex will receive a payoff of 5 and Becky will receive a payoff of 5.
Becky

Left Right

Alex Left 6, 6 6, 3

Right 4, 3 5, 5

The only dominant strategy in this game is for___ to choose_____ .

The outcome reflecting the unique Nash equilibrium in this game is as follows:

Alex chooses______ and Becky chooses_______ .
Business
1 answer:
Iteru [2.4K]2 years ago
8 0

Answer:

The only dominant strategy in this game is for__Alex_ to choose__Right___ .

The outcome reflecting the unique Nash equilibrium in this game is as follows:

Alex chooses__Right____ and Becky chooses__Left_____ .

Explanation:

The game theory of the Nash equilibrium achieves the optimal outcome of a game because Alex and Becky are not incentivized to deviate from their chosen strategies after considering the opponent's choice.  Neither of these two players can increase their payoff by choosing an action different from their current strategic action. Thus, this action profile achieves a Nash equilibrium for the two players because there exists randomization in the game.

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John, a line supervisor, has decided to increase Kerry's responsibilities by delegating more work to her station. what is the fi
melomori [17]
<h2>Clarify the assignment would be the first step john should take to increase Kerry's responsibilities.</h2>

Explanation:

Option A: If a new work is assigned or an additional work is assigned, it is necessary to first explain about the new responsibility and clarify about the assignment. This would ensure Kerry to continue the work smoothly.

Option B: Feedback is always welcome but this is not the first step to add responsibilities.

Option C: Notifying others is the responsibility of John and not Kerry. So this choice is invalid.

Option D: Accountability though it is mandatory comes only in the closure part.

7 0
3 years ago
if a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?
lbvjy [14]
Given:
Selling price = 6.99
Cost = 4

The dollar markup is computed by deducting the cost from the selling price.

6.99 - 4 = 2.99 is the dollar mark-up based on cost.

2.99/4 = 0.7475 x 100% = 74.75% is the percentage mark-up based on cost.

8 0
3 years ago
Fiat borrowed $80,000 on October 1, 2019. Fiat will not make any payments until October 1, 2021, and at that time, Fiat will pay
natita [175]

Answer:

The answer is d. Interest payable of $2,500; interest expense of $2,000

Explanation:

Interest component over 2 years = $84,000- $80,000 = $4000

interest expense for a year = 4000/2 = $2000

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8 0
3 years ago
What has the increased use of automation and less use of the work force in companies has caused a trend towards an increase in
NNADVOKAT [17]

Answer:

b. fixed costs and a decrease in variable costs.

Explanation:

As decrease in work force will result in the decline in the variable cost because we pay our labor on the basis of the unit produced or work done. In case of automation work will be shifted to machinery which required a major portion of fixed cost. Increase in automation will lead to Increase in Fixed cost.

5 0
3 years ago
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The price of beef rises significantly, what will happen in the market for fast-food hamburgers assuming nothing else happens in
romanna [79]

Answer:

Option (c) is correct.

Explanation:

We know that beef is used as an ingredient or input in making hamburgers. If the price of the input i.e beef increases then as a result supply of hamburgers decreases because of the higher cost of production. This will shift the supply curve leftwards, its shows that lesser supply with same level of demand will lead to higher prices of hamburgers.

5 0
3 years ago
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