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- QUESTION 25 (choose the correct one ) An action reflects a dominant strategy when it is a player's best action: assuming the other players do not correctly anticipate the action. given certain profit-maximizing actions of other players. regardless of the actions by other players. if there is only one other competitor.A court has the discretion to order that a limited liability company be dissolved, including if it determines that it is no longer feasible for the members to carry on the business. Group of answer choices True FalseHelp me please
- QUESTION 37 Startups that focus on business solutions are at a disadvantage because other businesses will not want to adopt a product created by another company. This is why Y Combinator will not work with founders of companies that address the B2B market. True False QUESTION 38 As the discount rate increase the Net Present Value of a project increases. True False 2.FIRM B Collude Collude Produce 20m Compete Produce 35m A: $200m profits A: $300m profits B: $170m profits Produce 30m B: $300m profits A: $50m profits A: $100m profits Compete Produce 50m B: $400m profits B: $200 profits Firms A and B have a choice to compete or collude with payoffs as shown above. The equilibrium outcome is Both A and B collude A competes and B colludes Both A and B compete There is no equilibrium outcome to the game A colludes and B competesBill has been adjudicated by the court to be mentally incompetent. Any contract that bill would enter into would be void? True or false
- Game theory: Consider a collective action game with thirty individuals (N = 30). When the number of participants in the joint project is n, each individual, including shirkers, receives a benefit of B(n) = 18n and each participant incurs a cost of C(n) = 32 − 2n. 1. Find all of the Nash equilibria, both stable and unstable ones. 2. Find the socially optimal outcome. 3. Check if any of the Nash equilibria is socially optimal. Explain your answer.Which of the following is not a characteristic of a general partnership? Question 24 options: The partnership is created by a contract. Mutual agency exists. Partners share equally in net income or net losses unless an agreement states differently. Dissolution occurs only when all partners agree.Tom and Jerry are contestants on Jeopardy. Tom is leading with an accumulation of $12000, while Jerry trails closely at $10000. In the final segment of the show, contestants must wager an amount not exceeding their current accumulation that they will answer the last question of the night correctly. Wagers are made before the question is revealed. If the contestant answers correctly, they have their wager added to their accumulation. Otherwise, it is deducted. Jerry is a game show master and expects to answer correctly with 90% certainty. Tom is less experienced and only has a 55% chance. Their utilities of wealth are given by uT (x) = x1 and u' (x) 50xi a) How much should Tom wager to maximise his expected utility? b) How much should Jerry wager to maximise his expected utility? c) In expectation, how much money the expected winner of the show is going to win?
- Bevan’s Cycles, a chain of bike shops that were early adopters of an online business model, are trying to improve customer satisfaction from bike purchases. To do so, they are considering setting up a ‘fitting service’ to help customers get the perfect fit on their bikes, thus reducing bicycles returned. The way the service would operate is that customers will book a session with a ‘fitting expert’. This will involve the customer coming into the shop where they will be filmed riding a stationary bike (like you get at the gym) and then the film will be analysed by a computer system to give them the perfect fitting bike. At each bike shop, this will entail a fixed cost for installing the computer system for analysing each customer and a marginal cost for training each member of staff. The head office sets a budget of £10,000 if 2 members of staff are trained, and for the bigger stores £12,000 if 3 members of staff are trained. The total expense for this must be incurred in a single year.…Brown’s TV Production is considering producing a pilot for a comedy series for a major network. While the network may reject the pilot and series, it may also purchase the program for 1 or 2 years. Brown may produce the pilot or transfer the rights for the series to a competitor for $100,000. Brown’s profits are summarized in the following payoff table (profits in thousands). sate of nature reject 1 year 2 years produce pilot -100 50 150 sell to competitor 100 100 100 If the probability estimates for the states of nature are, P(reject)=0.20, P(1 year)=0.30, and P(2 years)=0.5, what is the maximum Brown should be willing to pay for inside information on what the network will do?Explain: Q) In the manager-employee game (work-shirk), why manager and employee would play a mixed strategy? What happens if one of them plays a pure strategy? Solve this but not copy paste
