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Kay [80]
3 years ago
8

Suppose Raphael and Susan are playing a game in which both must simultaneously choose the action Left or Right. The payoff matri

x 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 Raphael chooses Right and Susan chooses Right, Raphael will receive a payoff of 3 and Susan will receive a payoff of 7.
Susan

Left Right

Raphael Left 4, 6 6, 8

Right 7, 5 3, 7


The only dominant strategy in this game is for___________ to choose_________ . The outcome reflecting the unique Nash equilibrium in this game is as follows: Raphael chooses________ and Susan chooses_______
Business
1 answer:
erica [24]3 years ago
7 0

Answer: Please refer to Explanation

Explanation:

The Dominant Strategy in a game is the strategy that a player will choose that will provide them with the highest payoff regardless of what the other player does.

In the above, the dominant strategy will be for RAPHAEL to choose LEFT.

By choosing left Raphael makes a payoff of 4 if Susan picks Left as well and a Payoff of 6 if Sudan picks Right. This is better than him picking Right and he will get a Payoff of 3 if Susan chooses Right as well.

The Nash Equilibrium is the strategy where both are making the best that they can given the strategy of the other player and deviating from it will give them less pay out.

The dominant strategy therefore is for RAPHAEL to choose LEFT and for SUSAN to choose RIGHT.

This is because Raphael will pick Left as it maximises their payoff and Susan will then pick a strategy that gives her the highest payoff based on Raphael's decision which is to go RIGHT.

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Budget information for college athletic programs show that the programs could not exist with receive a significant amount of mon
My name is Ann [436]

Answer:

The correct answer is letter "A": Student Fee.

Explanation:

Student Fees are the monthly or quarterly payments students make to access education in a university or college. The money polled is useful to fund different school activities such as implementing more books and study resources in libraries, improving the faculties' structures, and supporting students' activities such as research and sports.

7 0
3 years ago
You invested $30,000 in BOA, $20,000 in Best Buy, and $50,000 in Harley-Davidson for your portfolio. Betas are 1.8, 1.05 and 1.5
steposvetlana [31]

Answer:

Beta= 1.5

Explanation:

<u>First, we need to calculate the proportional investment of each asset:</u>

Total investment= $100,000

BOA= 30,000/100,000= 0.3

Best Buy= 20,000/100,000= 0.2

Harley-Davidson= 50,000/100,000= 0.5

<u>To calculate the beta of the portfolio, we need to use the following formula:</u>

Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)...

Beta= (0.3*1.8) + (0.2*1.05) + (0.5*1.5)

Beta= 1.5

4 0
2 years ago
In 2018, Southwestern Corporation completed the treasury stock transactions listed below February 2: Reacquired 70,000 shares at
Tcecarenko [31]

Answer:

2nd February Treasury Stock Dr 840,000

Cash Cr 840,000

(Cash paid $12*70000 = 840,000)

17 March Cash Dr 280,000

Treasury Stock Cr 240,000

Additional Paid-In Capital Cr 40,000

-Cash 20000×$14 = 280,000.

-Treasury stock 20000×$12=240,000)

17 May Cash Dr 200,000

Disc on Capital Dr 100,000

Treasury stock Cr 300,000

Cash 25000×$8=200,000.

Tresury stock 25000×$12= 300,000

Explanation:

For the cost method, the purchase of treasury stock is noted by debiting treasury stock account by the actual cost of purchase. Par value of the shares as well as the amount received from investors when the shares were firstly issued is ignored in the cost method.

Reissuance of treasury share results in credited treasury stock account for the cost at which they were purchased, cash account debited for the amount actually received &at times, the amount received on reissuance of treasury stock is greater than the cost of treasury stock, the difference between the amount received and cost of the treasury stock is credited to additional paid-in capital. It is lower than the cost of treasury stock, when the excess of cost of treasury stock over the amount received is debited to discount on capital account.

8 0
2 years ago
Under a periodic inventory system: ______.a. the current inventory available for sale is always known. b. the merchandise invent
cupoosta [38]

Answer:

C) the merchandise inventory balance reflects the ending inventory.

Explanation:

When a company uses the periodic inventory system, inventory records are updated only at the end of each accounting period. The periodic inventory system records cost of goods sold (COGS) at the end of the accounting period after the inventory records have been updated.

6 0
3 years ago
What does the A mean in smart
Mumz [18]

Answer:

attainable

Explanation:

  • specific
  • measurable
  • attainable
  • realistic
  • and time bound

5 0
2 years ago
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