Business, 07.12.2021 01:00 s0cial0bessi0n

Two players: The employee (Raquel) and the employer (Vera). Raquel has to choose whether to pursue training that costs $1,000 to herself or not.
Vera has to decide whether to pay a fixed wage of $10,000 to Raquel or share the revenues of the enterprise 50:50 with Raquel.
The output is positively affected by both training and revenue sharing. Indeed, with no training and a fixed wage total output is $20,000, while if either training or profit sharing is implemented the output rises to $22,000. If both training and revenue sharing are implemented the output is $25,000.
a. Construct the pay-off matrix.
b. Is there a dominant strategy for Raquel? Why or why not?
c. Is there a dominant strategy for Vera? Why or why not?
d. Find the Nash equilibrium.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, chantelljenkins2

If the demand for a pair of shoes is given by 2p + 5q = 200 and the supply function for it is p − 2q = 10, compare the quantity demanded and the quantity supplied when the price is $90. quantity demanded pairs of shoes quantity supplied pairs of shoes will there be a surplus or shortfall at this price? there will be a surplus. there will be a shortfall.

Answers: 3

continue

Business, 22.06.2019 11:30, iBrain

4. chef a says that broth should be brought to a boil. chef b says that broth should be kept at an even, gentle simmer. which chef is correct? a. neither chef is correct. b. chef a is correct. c. both chefs are correct. d. chef b is correct. student c incorrect which is right answer

Answers: 2

continue

Business, 22.06.2019 17:00, justyne2004

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?

Answers: 1

continue

Business, 22.06.2019 17:30, harshakayla02

According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%

Answers: 1

continue

You know the right answer?

Two players: The employee (Raquel) and the employer (Vera). Raquel has to choose whether to pursue...