You have two very good friends, Ann and Bob. They work for youon different projects. This week, they worked with you on a projectthat attained $3, 000 in profits (that is after paying all costs, including their wages). Happy with this result, you decide to distribute these profits. You decided to take $1, 000 for you (that is one third of the profits). You are the only owner, so you have no obligation to distribute profits, but you want to do it anyways. You anticipate that any favoritism may lead to a problem. But, at the same time, an equal split may also lead to wrong conclusions (for example, Ann may think that she is a better friend than Bob, so with an equal split of the remaining $2, 000 she may doubt it). With all that in mind, you come up with an idea (which later you realized it is called the Nash demand game). You tell them the following: "Ann and Bob, I want to share the $3, 000 of profits we had this week. I will take just one third of it ($1, 000). To split the remaining $2, 000, I will ask both of you to separately write in a paper how much money out of the $2, 000 you want. If the demands are compatible, that is, if they add up to $2, 000 or less, then I will assign to each of you what you demanded. However, if the demands add up to something greater than $2, 000, each of you will get zero."
a) Describe all the Nash equilibria of this game.
b) What do you think would be the result of the game you proposed (in "real life")?
Answers
Ann and Bob both demand $1,000 each. Ann and Bob both demand less than $1,000 each. Ann or Bob demands more than $1,000, while the other demands less than $1,000. n "real life", the result of the game would depend on the personalities and strategies of Ann and Bob.
a) The Nash equilibria of this game are:
- Ann and Bob both demand $1,000 each. This leads to a compatible demand that adds up to $2,000, and both of them get what they demanded.
- Ann and Bob both demand less than $1,000 each. This also leads to a compatible demand, and both of them get what they demanded.
- Ann or Bob demands more than $1,000, while the other demands less than $1,000. This leads to an incompatible demand, and both of them get zero.
b) In "real life", the result of the game would depend on the personalities and strategies of Ann and Bob. If they are both rational and selfish, they would both demand an equal share of $1,000, leading to the first Nash equilibrium. If one of them is more competitive or greedy, they may demand more than $1,000, hoping to get a bigger share of the profits. However, if both of them demand more than $1,000, they would both get nothing, leading to the third Nash equilibrium. The game creates an incentive for Ann and Bob to communicate and cooperate with each other, as an incompatible demand would result in zero profits for both of them.
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Related Questions
Starbucks created the Starbucks College Achievement Plan that offers eligible
employees full tuition to earn a Bachelor's degree in partnership with Arizona State
University. This action represents the
dimension of social responsibility.
Answers
The aforementioned action represents the philanthropic activities dimension of social responsibility.
What is CSR?CSR is abbreviation for corporate social responsibility and it can be defined as a business organization's (company's) obligation to act in a manner that benefits and adds significant value to the society and the people living in the environment where it operates, and usually as it conduct its business operations.
Basically, corporate social responsibility (CSR) is typically focused on improving the society through any positive and beneficial means possible.
Corporate social responsibility requirements stages.Generally speaking, there are four different corporate social responsibility requirements stages and these include the following:
Financial and economic viability.Compliance with legal and regulatory requirements.Ethics, principles, and values.Philanthropic activities such as offering eligible employees full tuition, in order to enable them a Bachelor's degree.In this context, we can reasonably infer and logically deduce that the aforementioned action represents the philanthropic activities dimension of social responsibility.
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In a perfectly competitive market, at the market price, buyers Group of answer choices cannot buy all they want, and sellers cannot sell all they want. cannot buy all they want, but sellers can sell all they want. can buy all they want, but sellers cannot sell all they want. can buy all they want, and sellers can sell all they want.
Answers
In a perfectly competitive market, at the market price, buyers and sellers are both limited in their ability to transact as much as they would like.
This is because the market price is determined by the intersection of the supply and demand curves, and at that price, there is only a finite amount of goods or services available.
Buyers cannot purchase an infinite amount because there is only a certain quantity supplied by sellers, while sellers cannot sell an infinite amount because there is only a certain quantity demanded by buyers. Therefore, in a perfectly competitive market, both buyers and sellers face constraints on their ability to transact at the market price.
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The review of the nigerian economy
Answers
Read the background to the project and create a project charter and project management plan for the new project. Your report should include the following below: • Title page with your name, course code, section and date • Table of contents • General Information (i.e. project name, project sponsor, manager, etc.) • Detailed project purpose and objectives • Detailed project description • Project scope and out of scope description • Detailed work breakdown structure (WBS) • Project deliverables • Constraints, assumptions and risks • Key Milestones including Gantt chart • Project Budget, stakeholders, team roles and responsibilities • Plagiarism, copying and pasting other students work or any referenced material that does not belong to you will result in a zero (0). NO EXCEPTIONS! • A poorly written report, lack of presentation, unnecessary bold font or any improper formatting will result in reduced marks. • Issued Date: August 10, 2022 • Submission Date: August 16, 2022 by end of day (11:59PM)
Brokerage Firm Move Background to the Project: Your firm has been asked to prepare a project plan to manage the physical move of 100 brokerage firm staff from a 50-year-old office, to a new building across the street. The space is brand new and one floor has already been designed, built and finished to the client’s specifications. Scope Statement: In scope • Backup existing data on the network • Remove, move and re-install all IT and telecommunications related equipment including but not limited to: Phones, computers, printers, facsimile, copiers and multifunctional devices, servers. Scope Statement: Out of scope Basic building construction and leasehold improvements as the site is already built and in "move in" condition. Purchase of new IT infrastructure and telecommunications other than unique pieces required to support the physical move. Ongoing maintenance of the facility. Co- ordination of the physical move of people from existing offices. Hiring and training of operational staf
Answers
The Brokerage Firm Move project aims to relocate 100 staff members from an old office to a new building. The scope includes backing up network data, moving and re-installing IT and telecommunications equipment. The project objectives are to ensure data integrity, minimize disruptions, and facilitate a smooth transition for the staff.
Project Charter: Brokerage Firm Move
1.General Information:
Project Name: Brokerage Firm Move
Project Sponsor: [Sponsor's Name]
Project Manager: [Manager's Name]
Course Code: [Course Code]
Section: [Section]
Date: [Date]
2. Table of Contents:
General Information
Project Purpose and Objectives
Project Description
Project Scope
Work Breakdown Structure (WBS)
Project Deliverables
Constraints, Assumptions, and Risks
Key Milestones (including Gantt chart)
Project Budget
Stakeholders
Team Roles and Responsibilities
3. Detailed Project Purpose and Objectives:
The purpose of this project is to manage the physical move of 100 brokerage firm staff from a 50-year-old office to a new building across the street. The objectives of the project include:
Backup existing data on the network to ensure data integrity and continuity.
Remove, move, and re-install all IT and telecommunications-related equipment, including phones, computers, printers, facsimile, copiers, multifunctional devices, and servers.
Ensure a smooth transition of staff to the new office space while minimizing disruptions to business operations.
4. Detailed Project Description:
The project involves relocating the brokerage firm staff from their current office to a newly built space in a neighboring building. The new office floor has been designed and finished according to the client's specifications. The project will focus on moving and re-installing IT and telecommunications equipment and ensuring data backup.
5. Project Scope:
In Scope:
Backup existing data on the network.
Remove, move, and re-install IT and telecommunications equipment.
Out of Scope:
Basic building construction and leasehold improvements.
Purchase of new IT infrastructure and telecommunications equipment.
Ongoing maintenance of the facility.
Co-ordination of the physical move of people from existing offices.
Hiring and training of operational staff.
6. Detailed Work Breakdown Structure (WBS):
[Provide a detailed breakdown of project tasks and subtasks, along with their dependencies and durations.]
7. Project Deliverables:
Completed backup of existing network data.
Successfully moved and re-installed IT and telecommunications equipment.
Smooth transition of staff to the new office space.
8. Constraints, Assumptions, and Risks:
Constraints: Limited timeframe for the move, budget constraints, limited availability of resources.
Assumptions: Availability of required equipment and materials, cooperation from staff during the transition.
Risks: Equipment damage during the move, data loss or corruption, logistical challenges.
9.Key Milestones:
Milestone 1: Data backup completed - [Date]
Milestone 2: IT and telecommunications equipment moved and re-installed - [Date]
Milestone 3: Staff transition to new office space - [Date]
10.Project Budget:
[Specify the estimated budget for the project.]
11. Stakeholders:
Project Sponsor: [Sponsor's Name]
Project Manager: [Manager's Name]
Brokerage Firm Staff
IT and Telecommunications Teams
12.Team Roles and Responsibilities:
Project Sponsor: Provides support and guidance, approves project deliverables and budget.
Project Manager: Oversees the project, manages tasks and resources, ensures timely completion.
Brokerage Firm Staff: Cooperates during the transition, follows instructions for packing and moving personal belongings.
IT and Telecommunications Teams: Handle equipment relocation, installation, and testing.
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Which of the following are possible benefits of inflation? (Check all that apply.)
A. There may be a reduction in real wages.
B. Revenue is generated to the government when it prints money.
C. There may be a reduction in the real interest rate.
D. The introduction of price controls could make goods more affordable.
E. There are no benefits to inflation.
Answers
B. Revenue is generated to the government when it prints money.
C. There may be a reduction in the real interest rate.
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under a capitated agreement, the primary care provider is compensated based on
Answers
Under a capitated agreement, the primary care provider is compensated based on the number of patients enrolled in the plan or program regardless of the amount or type of care that they receive.
In other words, the primary care provider receives a fixed payment per patient per month, regardless of whether the patient receives any medical services or not.Under a capitated payment arrangement, providers have an incentive to keep their patients healthy because they are responsible for providing all of the necessary medical services within a fixed budget. They can be penalized if they exceed this budget, but they can also reap rewards if they save money by providing preventive care or by avoiding expensive treatments or hospitalizations. Capitation is typically used in managed care plans such as health maintenance organizations (HMOs), where patients must receive all of their medical care from network providers and must get prior approval for specialist referrals and other services.
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g the required reserve ratio is: a. the maximum percentage of the cost of a stock that can be borrowed from a bank, with the stock offered as collateral. b. the interest rate on loans made by banks to other banks. c. an appeal by the fed to banks, asking for voluntary compliance with the fed's wishes. d. the minimum amount of reserves the fed requires a bank to hold. e. the interest rate that the fed charges banks who borrow from it.
Answers
The correct option is (d) the minimum amount of reserves the fed requires a bank to hold.
What is required reserve ration?The percentage of a commercial bank's deposits that it is required to retain in cash as a reserve in the event of a large number of client withdrawals is called the reserve ratio and is determined by the central bank.
The minimum amount of reserves that a bank is required to keep is known as the reserve requirement, which is frequently used interchangeably with the reserve ratio.
The reserve ratio is outlined in Regulation D of the Federal Reserve Board. Regulation D established a set of uniform reserve requirements for all depository institutions with transaction accounts.
Additionally, it requires banks to send frequent reports to the Federal Reserve.
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Grace wants to auction her livestock without taking them to a terminal market. What method will she MOST likely use?
vertical integration
a commodity exchange
telemarketing
video merchandising
Answers
If Grace wants to auction her livestock without taking them to a terminal market, she would have to use the telemarketing. Option C
What is telemarketing?Telemarketing is a form of direct marketing in which a salesperson calls potential consumers and asks them to make a purchase of goods or services. This can be done over the phone, during a scheduled in-person or web conference meeting, or even in person after the call.
The company uses telemarketing to not only create leads and sales, but also to effectively stay in touch with clients who frequently offer feedback on the company's goods and services. This enables the company to accept helpful criticism and enhance its offerings.
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Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral
Answers
Answer:
D. Collateral
Explanation:
Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.
Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.
Answer:
D. Collateral
Explanation:
what is martin suarez current physical address
Answers
Answer:
174 Se Naranji Ave,Port Saint Lucie,FL; 38 Saint Fitchburg,MA;461 Se Thornhill Dr,Port Saint Lucie FL
Explanation:
How much would software c cost
you in the long run?
.
satisfaction 80% $0
$[?]
not satisfied
$5,000
software c
20% - $20,000
software d
$8,000
85% · $0
satisfaction
not satisfied
15%. $15,000
Answers
Explanation:
I will try and say the answer
The address of the company's office is called what?
Answers
Answer:
PO Office Box
Explanation:
A registered office is the official address of an incorporated company, association or any other legal entity. Generally it will form part of the public record and is required in most countries where the registered organization or legal entity is incorporated.
Advantages of debt financing over equity financing include that ______. (Check all that apply.) Multiple select question. debt financing does not require repayments interest payments are optional interest payments are tax deductible stockholders' control will not be diluted
Answers
Advantages of debt financing over equity financing include that interest payment on debt are tax deductible
What is debt financing?
Borrowing funds from banks, financial institutions, or other lenders (such as directors or other group companies).
When a company raises funds for working capital or capital expenditures by selling debt instruments to individuals and/or institutional investors, this is referred to as debt financing. Individuals or institutions that lend money become creditors in exchange for a promise that the principal and interest on the loan will be repaid.
What is equity financing?
Equity financing is the process of raising capital through the sale of shares. Companies raise money because they might have a short-term need to pay bills or have a long-term goal and require funds to invest in their growth. By selling shares, a company is effectively selling ownership in their company in return for cash.
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What economic theory would be most likely to make a person oppose taxing imports?
Answers
The economic theory most likely to make a person oppose taxing imports is "Laissez-faire"
"Laissez-faire" is an economic theory that opposes the government's involvement in economic affairs.
Imposing a tax on imports can have implications for local businesses.
Thus, this theory gained popularity in the USA in the 18th century opposing the government's intervention in economic affairs.
It's a French phrase that means "Let us do," because people believed that imports and exports should be managed by states and not the central government.
Scholars believed that economies go down when governments start imposing taxes on imports.
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Answer: capitalism
Explanation: took the test ;)
A company wants to determine what price consumers will pay for a new sandwich. At one store, the company charges $3. 59. At another comparable store, the company charges $4. 59. Sales are tracked at both locations for a one-month period. The data collected in this example is __________ data
Answers
Sales are tracked in both locations over a period of one month. The data collected in this example is quantitative data.
What is quantitative data?It corresponds to information that can be measured numerically, that is, it is numerical and statistical data, generating non-subjective and reliable conclusions.
Therefore, quantitative data provide a structured and reliable basis for a research project, through information measured by graphs, indexes and calculations.
In this case, since the company wants to determine what price consumers will pay for a new sandwich. and compares the prices at the locations, the data collected in this example is qualitative data.
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Discuss the need for blood pressure monitoring in regard to hypo-
or hypertension. What is the normal range for blood pressure?
Answers
Blood pressure monitoring is essential for both hypo- and hypertension. Hypertension, or high blood pressure, is a silent condition that can lead to serious health problems, including heart disease and stroke.
Hypotension, or low blood pressure, can cause dizziness and fainting. The normal range for blood pressure is typically around 120/80 mmHg. Hypertension: Monitoring blood pressure is crucial for detecting and managing hypertension. High blood pressure often has no noticeable symptoms but can cause damage to blood vessels and organs over time. Hypotension: Monitoring blood pressure is important in cases of hypo tension as well. Low blood pressure can result in inadequate blood flow to organs and tissues, leading to symptoms such as dizziness, weakness, and fainting. Normal range: The normal range for blood pressure is typically considered to be around 120/80 mmHg. The systolic pressure (top number) represents the pressure in the arteries when the heart contracts, while the diastolic pressure (bottom number) represents the pressure when the heart is at rest.
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Maria is considering various business entity types in order to set up her new business. She wants to know which entities are subject to double taxation. You tell her that the entities subject to double taxation are:
Answers
Answer:
1. Corporations
2. Limited liability companies that are elected to be treated as corporations
Explanation:
Double taxation is when tax has to be paid two times on on the same particular source of income. A corporation pays tax at 2 levels. That is at the personal level and sat the business level. From dividends, taxes are paid by shareholders, corporations pay taxes on what they also warn annually.
Entities subject to double taxation includes, corporations and the limited liability companies treated as corporations.
Discuss the following statements:
The growth in earnings is related to the firm’s profitability.
In the valuation of stocks of different companies, we can assume that the long-term growth rates are the same across companies.
Answers
The growth in earnings is indeed related to a firm's profitability, as higher profitability generally leads to higher earnings. However, assuming that long-term growth rates are the same across all companies in the valuation of stocks is not accurate, as different companies operate in diverse industries and have unique competitive advantages.
The growth in earnings is a crucial factor in assessing a firm's financial performance and future prospects. Earnings represent the company's profits after deducting expenses and taxes. Higher profitability typically leads to higher earnings because a profitable company generates more revenue and has better control over its costs and expenses. As a result, firms with a higher level of profitability are more likely to experience growth in earnings over time. Investors often pay close attention to earnings growth as it reflects the company's ability to generate sustainable profits and increase shareholder value.
However, assuming that long-term growth rates are the same across all companies in stock valuation is not accurate. Companies operate in different industries and have varying competitive advantages, market conditions, and growth prospects. Factors such as technological advancements, regulatory environments, consumer preferences, and global economic conditions significantly influence a company's growth potential. Therefore, it is crucial to consider these industry-specific factors when valuing stocks. Additionally, each company has its own unique business model, management team, and growth strategies, which further differentiate their long-term growth rates.
In summary, while the growth in earnings is generally related to a firm's profitability, assuming that long-term growth rates are the same across all companies in stock valuation is not appropriate. Each company operates in a specific industry with its own set of competitive advantages and growth drivers. Valuing stocks requires a comprehensive analysis of a company's profitability, industry dynamics, competitive position, and growth prospects to make informed investment decisions.
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Okay so this is a 9th grade business studies question i rlly need help with it as i forgot to do it last night and its due today
International trade is essential for the recovery of the irish economy
(i) Distinguish between visible exports and invisible exports use one example of each type of export to explain your answer.
(ii) The following data relates to the international trade of a country for 2013
Visible Imports-$1.150 million
Invisible Exports-$1.380 million
Visible Exports-$1.250 million
Invisible Imports-$1.300 million
(iii) from the above data calculate the balance of trade and the balance of payments *show your workings*
(iv) indicate in each case whether it is a surplus or deficit balance.
Q2 the following data relates to the international trade of a country
visible imports-$650 million
Invisible exports-$550 million
Invisible Imports-$450 million
Visible exports-$700 million
using the above data calculate the balance of trade show your workings
this question should be easy for people who find business studies easy
Answers
Economist Julian Simon believed that people are the "ultimate resource" and that increases in population
growth would result in
A. pollution
B. new resources
C. crime
D. unemployment
E. loss of species
Answers
Julian Simon, an economist, believed that people were the "ultimate resource." Simon's viewpoint was that population growth could result in more resources and hence prosperity.
Population growth could lead to innovation and technological advancement, which could ultimately lead to the creation of more resources than existed before. Julian Simon even put a wager on his viewpoint. Simon had a bet with environmentalist Paul Ehrlich, who believed that population growth would lead to depletion of resources and ultimately catastrophe.
Julian Simon's belief in people being the ultimate resource also led him to the conclusion that more people lead to more inventors and entrepreneurs, which ultimately lead to more prosperity. With the availability of more people, there would be more investment in education and research, ultimately leading to technological advancement. This technological advancement could then be used to find new ways of producing more goods with fewer resources, such as the green revolution, which led to better crop yields.
In conclusion, Julian Simon believed that population growth could lead to prosperity and that people were the ultimate resource. Therefore, the correct answer is B. New resources.
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Braedon’s employer is requiring his employees to work ten-hour days for the next week, starting on April 10th. In which workplace is Braedon most likely working?
a mortgage company
a credit union
a tax preparation office
an insurance company
Answers
Answer:
C
Explanation:
I got it correct
What is the best idea when you are filling out tax forms for the very first time?
Answers
true or false product liability law is based on tort law.
Answers
The statement "product liability law is based on tort law." is true.
Product liability law, a subset of tort law, deals with the responsibility of manufacturers, distributors, and sellers for the damages caused by defective or dangerous products. It ensures consumer protection and holds parties accountable for the harm caused by their products.
In product liability cases, three main types of claims can arise: negligence, strict liability, and breach of warranty. Negligence refers to the failure to exercise reasonable care in the design, manufacturing, or distribution process.
Strict liability holds the party responsible for the damages, regardless of the level of care taken. Breach of warranty involves a failure to uphold the product's expressed or implied warranties.
Overall, product liability law aims to maintain product safety and compensate injured consumers for their losses.
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Can you guys help me to answer this 5 questions
Answers
Answer:
1. sole trader,partnership,private limited company,multinational
Question #1
Multiple Choice
What is it called when a small number of companies control more than 40 percent of a market?
O monopoly
O oligopoly
O competitive market
duopoly
Question # 2
Fill in the Blank
Answers
Answer:
Oligopoly.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.
organization formed mainly by traders and manufacturers to cater for the interest of their members is
Answers
Answer:
A trade association
Explanation:
A trade association is an organization or a group founded by businesses in the same industry. A trade association is created to assist in coordinating activities that improve the welfare of its members. By uniting in an association, firms can lobby for a better business environment from the government.
A trade association allows members to bond and network. It presents an opportunity for members to strategize and exchange important business information.
Outline four functions of advertising firms to the producers
Answers
Answer:
Here are four functions of advertising firms to producers:
Market research: Advertising firms can help producers understand the needs and preferences of their target market through market research. This can involve collecting and analyzing data about consumer behavior, demographics, and competition.
Campaign planning: Advertising firms can help producers develop and implement advertising campaigns that effectively promote their products or services. This can include creating advertisements, choosing media outlets, and setting budgets.
Advertising design: Advertising firms can help producers create compelling and effective advertisements for their products or services. This can involve developing slogans, creating visual designs, and writing copy.
Media planning: Advertising firms can help producers choose the most appropriate media outlets for their advertisements, based on the target market and budget. This can include selecting television, radio, print, or online media.
Answer: The four functions are:
1. attracting clients
2. account management
3.researchers
4. coordination between advertiser media and distributor
Explanation:
Natalia has just finished her law degree, but as she starts her job search, she realizes that there many lawyers practicing in her area. What might that mean for Natalia
Answers
She will therefore need to put in more effort to become the top attorney in the region or relocate to a region with fewer attorneys might that mean for Natalia.
Why are lawyers called attorneys?Lawyers are those who have completed legal education, frequently after passing the bar exam. The word "attorney" has French roots and comes from a verb that means to represent someone else. Attorney is a shortened version of the official title "attorney at law."
Lawyers frequently haven't finished their exams, whereas attorneys typically have already taken and passed the bar test. Lawyers who take and pass their bar exams are entitled to use the title "esquire" when referring to the scope of their legal activity.
A person who offers legal advice is referred to as a "lawyer" in general. There are many distinct types of qualified lawyers in the legal field. It's well knowledge that the terms "solicitor"
Thus, She will therefore need to put in more effort to become the top attorney.
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How do you become a lawyer
Answers
How can identifying your sweet spot now help you as you think about a career path?.
Answers
Answer:
“It helps you see when there are opportunities that fit in with that vision. It keeps you from going on a path that is not consistent with what you believe in.”
Explanation: