Imagine a two player game that proceeds as follows.
A pot of money is created with $6 in it i...
Imagine a two player game that proceeds as follows.
A pot of money is created with $6 in it initially. Player 1 (Alice) moves first, then player 2 (Bob), then player 1 again and finally player 2 again. At each player’s turn to move, he or she has two possible actions: grab (G) or share (S). If the player grabs, s/he gets 2/3 of the current pot of money, the other player gets 1/3 of the pot and the game ends. If s/he shares then the size of the current pot is multiplied by 3/2 and the next player gets to move. At the last stage in which Bob moves, if he chooses to share then the pot is still multiplied by 3/2 , and Bob gets 1/3 of the pot and Alice gets 2/3 of the pot. a. Model this as an extensive‐form game and draw the game tree. Is it a game of perfect or imperfect information?b. How many terminal nodes does the game tree have? How many information sets are there? What about the number of subgames?c. Please use backward induction to find the subgame‐perfect Nash equilibrium.
Answers: 1
Business, 21.06.2019 16:10, RayeK168
Braverman company has two manufacturing departments—finishing and fabrication. the predetermined overhead rates in finishing and fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. the company’s direct labor wage rate is $16.00 per hour. the following information pertains to job 700: finishing fabrication direct materials $ 410 $ 60 direct labor $ 128 $ 48 required: 1. what is the total manufacturing cost assigned to job 700? 2. if job 700 consists of 15 units, what is the unit product cost for this job?
Answers: 1
Business, 21.06.2019 20:50, Unkn0wn3815
Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.
Answers: 3
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