Syahmi and Kevin are roommates. Each of them prefers a clean room to a dirty room, but neither likes to clean the room. If both clean the room, they each get a payoff of 5. If one cleans and the other doesn’t clean the room, the person who does the cleaning has a utility of 0, and the person who doesn’t clean the room has a utility of 8. If neither cleans the room, the room stays a mess, and each has a utility of 1. a) Draw the extensive form and normal form representations of this game. What is
the dominant strategy solution for this game? What is the Nash equilibrium?
b) Is it correct to say that every Nash equilibrium must necessarily also be a dominant
strategy?

In which of the following situations would the price of a good be most likely to increase? a. a breakthrough in productive technology enables a company to increase its output. b. an increase in production costs results from a rise in wages. c. there's a sudden increase in the number of companies competing to sell the good. d. a drop in demand happens too quickly for producers to decrease production to keep up.

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.

What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4