Answer:
A simultaneous game was played between a shoplifter and a security guard.
The answer to the game was answered in accordance to the question stated above,
There is no Nash Equilibrium in the game, The shoplifter does not steal in this case, Does not steal, The security guard will be watchful, The security guard ill sleep on the job.
Explanation:
Solution
Given that:
Let our matrix be defined as follows
Security Guard
Vigilant or attentive Not vigilant, less attentive
Shoplifter Steal - 20, 15 15, -5
Does not steal 0, 3 0, 0
Now,
(1) There is no Nash Equilibrium in the game
(2) The shoplifter does not steal in this case
(3) The shoplifter does not steal
(4) The security guard will be watchful
(5) The security guard ill sleep on the job
Note:
Kindly find an attached copy of the complete question below
Answer:
Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants.
so yes the answer is true
Explanation:
(つ◕౪◕)つ━☆ﾟ.*･｡ﾟ
☆*。★ﾟ*♪ヾ(☆ゝз・)ノ
Answer:
real interest rate = -3.08%
Explanation:
real interest rate = nominal rate - inflation rate
- nominal interest rate = [($562/$509) - 1] x 100 = 10.41%
- inflation rate = [(143/126) - 1] x 100 = 13.49%
real interest rate = 10.41% - 13.49% = -3.08%
since the real interest rate is negative, the investor actually lost money in real dollars. This means that the amount of goods that the investor could purchase before making the investment is higher than the amount of goods he/she will be able to buy after the investment.
Answer and Explanation:
The answer is attached below
Answer:
<em>(A) realize financial rewards.</em>
Explanation:
In <em>theory (textbook)</em> the no.1 reason that people become entrepreneurs is to achieve <em>maximum return</em>. The concept of higher risk, higher return is the key here. Business as compared to Services and Profession, has the highest risk thereby giving the best returns out of the three.
However, in <em>practicality</em> people adopt business to <em>pursue their own ideas, gain prestige, be their own boss, continue a family tradition and also to realize financial rewards. </em>
