Q1) The Lahore Metro Bus is crowded for travel during peak hours. During such travel hours two daily passengers ‘Usman’ and ‘Ibrahim’ enter the Metro. Luckily, two adjacent seats are free in the bus. Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing. [16 marks]

(Note: for parts (a) & (b) below consider Usman as ‘row player’ and Ibrahim as ‘column player’).

A) Model the situation as a strategic game, assuming both ‘Usman’ and ‘Ibrahim’ care only about their own comfort. Find the Nash equilibrium (equilibria) if it exists. Also, does a dominant strategy exist for either ‘Usman’ or ‘Ibrahim’

B) Now assume that both ‘Usman’ and ‘Ibrahim’ are altruistic, ranking outcomes according to the other person’s comfort and, out of politeness, prefer to stand than to sit if the other person stands. Model the situation as a strategic game and find any Nash equilibrium (equilibria) if it exists. Does a dominant strategy exist for either ‘Usman’ or ‘Ibrahim’ with these preferences?

Answers

Answer 1

Answer:

Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing is discussed below in details.

Explanation:

A) In the first position, every one of them makes more profit by resting alone than by resting together, and this is favored over standing. So the payoffs are as provided in the beneath image as (a). Here if one stands and the other sits, at that point the person who relaxes gets a bigger payoff of 4, while the other gets - 2 (Since he is standing which is difficult). If the two of them stand, at that point, the payoff is - 2 for each, and on the off chance that the two of them sit they every one of them gets a payoff of 2 (which is not exactly the payoff if the other individual stands given as 4 above). So Usman stands, Ibrahim will decide to sit, bringing about a payoff of (4,- 2). In any case, if Ibrahim sits, Usman will likewise sit since his payoff is higher by choosing to sit (2>-2). So the only Nash equilibrium is given when both choose to sit, e (Sit, Sit) given by lower right corner of the game getting the payoff of (2,2).


Related Questions

Question 2 (2 points)
The factors of production include all of the following EXCEPT
a
Government resources
Natural resources
Capital resources
Human resources

Answers

Answer:

Government resources

Explanation:

Factors of production are also known as inputs in the production process. They four in number and include land, entrepreneurship, capital, and labor.

Land refers to the natural resources occurring beneath, above, and on earth's surface. They include minerals, fertile agricultural land, water, forests, air, gas, space for building, and many others.Capital refers to the resources required to start and run a business. It includes finances, technology, methodology, plants and machinery, among others.Labor is the human input in the production process. Human beings contribute skills, knowledge, energy, and time.Entrepreneurship is the mobilization and organization of all the other factors(land, capital, and labor) to start and run a successful business.

Suppose you are given a $100 gift card and you choose" to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction. Your choices will involve which of the following?
A. A decision between attainable and unattainable combinations of the goods under consideration.
B. The available supply of each good considered.
C. A comparison of marginal benefits and marginal costs for each good considered.
D. An evaluation of the unlimited resources used in the production of each good considered.

Answers

Answer:

C. A comparison of marginal benefits and marginal costs for each good considered.

Explanation:

When a consumer wants to maximise satisfaction he puts into consideration the benefits he will gain by making a purchase.

Only when the benefits exceed the marginal cost of getting the product will this be a choice that maximises satisfaction.

In the given scenario you are given a $100 gift card and you choose to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction.

To do this ensure that marginal benefit exceeds marginal cost

A gift is about $100 card

The amount is spend on the number of goods. Thus answer is they show a marginal benefit an cost.

These are combination of the goods that will involve the comparison of marginal benefits and the costs for each of the items.Hence the option C is correct.As consumer wants to maximize the satisfaction he puts into the consideration the benefits he will gain by making a purchase.

Learn more about the given gift of $100.

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Question 12 of 20 How is an equilibrium price determined? A. By finding a price that meets the highest quantity supplied by producers B. By finding a price that exceeds the expenses producers take on to create supply C. By finding a price that meets the highest quantity demanded by consumers D. By finding the price where quantity supplied matches quantity demanded ​

Answers

Answer:

D. By finding the price where quantity supplied matches quantity demanded ​

Explanation:

The equilibrium price refers to a price where there is no excess or shortage in demand and supply. Both sellers and buyers are happy to trade the current volumes at the stated price. In a graphical presentation, the equilibrium price is the point at which the demand and supply curves intersect.

The equilibrium price is the prevailing market price where demand matches supply.

what is the specific goal of product promotion ?​

Answers

Answer:

Promotional goals include creating awareness, getting people to try products, providing information, retaining loyal customers, increasing the use of products, and identifying potential customers, as well as teaching potential service clients what is needed to “co-create” the services provided.

getting people to buy the product you are promoting

I have teechip im 14 trying to make money how do i make people buy my clothing and how do i promote it without money?

Answers

Answer:

you can advertise it through social media jazz your creativity too it will attract more attention if it is unique

(a) The fundamental qualitative characteristics that make accounting information useful are relevance and verifiability.
(b) Relevant information only has predictive value, confirmatory value, or both.
(c) Information that is a faithful representation is characterized as having predictive or confirmatory value.
(d) Comparability pertains only to the reporting of information in a similar manner for different companies.
(e) Verifiability is solely an enhancing characteristic for faithful representation.
(f) In preparing financial reports, it is assumed that users of the reports have reasonable knowledge of business and economic activities.

Answers

Answer:

(a) The fundamental qualitative characteristics that make accounting information useful are relevance and verifiability.

⇒ FALSE

The fundamental characteristics are relevance and faithful representation.

(b) Relevant information only has predictive value, confirmatory value, or both.

⇒ FALSE

Relevant information must have predictive or feedback value.

(c) Information that is a faithful representation is characterized as having predictive or confirmatory value.

⇒ FALSE

Faithful representation is the one that represents exactly what happened, e.g. if the costs incurred were $1,000, then you must record $1,000, not $900 nor $1,200.

(d) Comparability pertains only to the reporting of information in a similar manner for different companies.

⇒ FALSE

Comparability means that the financial information must be comparable to the company's past performance or the performance of companies in the same industry.

(e) Verifiability is solely an enhancing characteristic for faithful  representation.

⇒ FALSE

Verifiable information is information that can be obtained using different methods by different individuals, i.e. different accountants or auditors should be able to compute similar results using the same information.

(f) In preparing financial reports, it is assumed that users of the reports have reasonable knowledge of business and economic activities.

⇒ TRUE

Identify which basic assumption of accounting is best described in each/some item(s) presented below:a) The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.b) Solectron Corporation, Inc. does not adjust amounts in its financial statements for the effect of inflation.c) Walgreen Co. reports current and non-current classifications in its balance sheet.d) The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes.

Answers

Answer:

a) The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.

Periodicity principle: companies have to report their financial statements and operations over standard periods of time.

b) Solectron Corporation, Inc. does not adjust amounts in its financial statements for the effect of inflation.

Monetary unit: companies have to report their financial statements in a unit of valid currency.

c) Walgreen Co. reports current and non-current classifications in its balance sheet.

Going concern: companies are expected to continue operating in the future.

d) The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes.

Economic entity: companies must report the transactions that involve them and their subsidiaries, but not the transactions that involve their owners or other companies.  

careers with adverse working conditions often demand higher wages. Adverse working conditions might include
irregular work schedule
decision making
uncomfortable environment
required experience

Answers

Answer:

uncomfortable environment

Explanation:

Adverse working conditions create challenges for employees as they execute their mandate. These conditions may result from extreme weather, either very hot such, extremely cold, floods, snow, or windy. Adverse conditions could also refer to security concerns in place of work.

Political unrest, high crime rate, and civil wars create adverse conditions. The nature of work can also make working a challenge.  Miners working many feet underground or soldiers on a battlefield are examples of challenges due to work.

Answer:

C) uncomfortable environment

Explanation:


Write any two ways of collecting rain water and its advantages.

Answers

Answer:

Harvesting rainwater can help the environment in a number of ways. ...

Reduces Water Bills. ...

Reduces Demand on Ground Water. ...

Can Be Used for Non-drinking Purposes

1. What is the dilemma K to 12 graduates face when applying for a job? Plss help me asap

Answers

Answer:

what is that am seeing here

pros and cons of franchises??

Answers

Pro 1: Franchises come with a ready-made business plan.

Pro 2: Starting a franchise can make it easier to secure financing.

Con 1: Franchises can come with high start-up costs.

Con 2: You have less flexibility with a franchise.

Uncertainty avoidance
A. The extent to which people accept as normal an unequal distribution of power Power distance
B. Characterized by tight social frameworks in which people tend to base their identities on the group or organization to which they belong Collectivism
C. The extent to which people feel threatened by unknown situations and prefer to be in clear and unambiguous situations Masculinity
D. The extent to which the dominant values in a society emphasize aggressiveness and the acquisition of money and other possessions as opposed to concern for people, relationships among people, and overall quality of life
Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Che managers
a. Culture
b. Cultural etiquette
c. Globalization
d. Internationalization

Answers

Answer:

Uncertainty avoidance

C. The extent to which people feel threatened by unknown situations and prefer to be in clear and unambiguous situations Masculinity

Uncertainty avoidance represents how societies or groups do not like to deal with uncertainty or ambiguous situation, i.e. the unknown. The higher the uncertainty avoidance, the lower the risks that a society or group is willing to take. Societies or groups with high uncertainty avoidance will develop strong cultures and norms, authority will be rarely questioned and people will follow established procedures and rules.

Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Chinese managers

d. Internationalization

Internationalization takes place when individuals that migrate to other countries start losing their national cultural habits and start acting like the individuals of the country or countries that they move to. This process takes place when immigrants are assimilated by the new culture and they themselves /the immigrants) assimilate the new culture as their own or blend some aspects of the new culture with aspects of their national culture.

Louis is a student at Texas A&M who just secured a summer internship working for the marketing department of Southwest Airlines. He is assisting Marlene, one of the marketing managers, with a competitive assessment of the U.S. market. Marlene wants him to think outside of the box when assessing the competition. She tells him to think beyond direct competitors to any competitors that might be able to offer similar services as Southwest. Refer to Scenario 3.1. Which of the following represents a generic competitor to Southwest Airlines?
a. GoKarts USA
b. Greyhound Bus
c. FedEx Express
d. Delta Airlines
e. Harley Davidson

Answers

Answer:

The answer is "Option b".

Explanation:

The Greyhound Bus uses the three types of fare, that were being used by Greyhound, and the extra travelers Economy and Luxury pay non-refundable costs, receive $20 to upgrade their fares or one carriage free or one luggage free. Additional travelers from Business also receive priority loading but collect further rewards than travelers from Business.

Does the business able to make the most out of the fixed asset?

Answers

Answer: Fixed assets are long-term items that add value to your business. They are tangible assets that you do not expect to convert into cash in less ... asset because you want to convert it into cash as fast as possible. ... You must keep up with maintenance schedules to get the longest life out of your fixed assets.

Explanation: PLEASE GIVE BRAINLIST

centrifuge is a device used to separate solid components .true or false​

Answers

Answer: True

Explanation: Hope This Helps :)

Mrs. Hanson has 2 pies for a party. She calculates that if she splits the pies evenly among the guests, they will each receive
1
8
of a pie. How many guests are there?

Answers

Answer:

16 guests

Explanation:

If each guest is getting 1/8 of a pie, it means one pie is being divided into eight parts. One part is 1/8. One pie will be served to eight guests.

Two pies will be sufficient for 2x 8 = 16 guests.

I'll GIVE BRAINLIEST!!!
FIX IT PLS

Answers

Answer:

What are we suppose to exactly do?

Explanation:

What is a tax refund?

Answers

Answer:

A tax refund is essentially a payment to the taxpayer when the taxpayer pays more tax than they owe.

Explanation:

May I have brainliest please? :)

A tax refund is essentially a payment to the taxpayer when the taxpayer pays more tax than they owe.

What is tax refund?

An amount given to a taxpayer to make up for any overpayments made to the federal or state governments is known as a tax refund. Refunds are frequently perceived by taxpayers as a windfall or a lucky break, but in reality, they often equate to a loan that the taxpayer made to the government at no interest.

It depends on the discrepancy between the annual tax due and the amount of tax withheld throughout the year. If the amount of tax payable is less than the latter sum, the individual receives a tax refund.

When too much money is withheld from their taxes, the taxpayer gets a refund at the end of the year.

Thus, A tax refund is essentially a payment to the taxpayer.

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. In 2000, KFC® and A&W® restaurants successfully merged because each had a strong

signature product: KFC’s fried chicken and A&W’s root beer floats.

Branding strategy used:

Answers

Answer:

Co-branding/Multi-branding

Explanation:

Multi-branding

Co-branding is a form of branding that connects companies together. Essentially, co-branding is a marketing partnership between two or more businesses.

Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check, to whom may St. Mark's look for recovery?a. Martin onlyb. Only Mackc. Mack, Marianne, Janet, and Martind. Mack, Marianne, and Martin

Answers

Answer:

Explanation:

Mack, Marianne, and Martin

Explanation:

From the question, we are informed about, Mack who writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check. In this case St. Mark's may look for recovery from Mack, Marianne, and Martin. This is because the check was endorsed by three of them and as a result of this anything that happened to the check may be it's not been accepted or other things, they will be held responsible for it since they signed at the back of the check.

7. XYZ stock price and dividend history are as follows: An investor buys three shares of XYZ at the beginning of 2010, buys another two shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all four remaining shares at the beginning of 2013. (LO 5-1)

Answers

Answer:

A lot of information (number are missing) as well as the requirements, so I looked for a similar question and found:

Year Beginning-of-Year Price Dividend Paid at Year-End

2010 $ 108 $4

2011 $ 112 $4

2012 $ 98 $4

2013 $ 103 $4

a. Calculate the time-weighted rate of return for the investor?

b. Calculate the money-weighted rate of return for the investor?

a) first we must determine the holding period return (HPR) for:

2010 = [($336 - $324) + $12] / $324 = 0.074

2011 = [($490 - $560) + $20] / $560 = -0.089

2012 = [($412 - $392) + $16] / $392 = 0.092

time weighted rate of return (TWRR) = [(1 + 0.074) x (1 - 0.089) x (1 + 0.092)] - 1 = 1.0684 - 1 = 0.0684 = 6.84%

b) calculating the money weighted rate of return is similar to calculating the IRR of a project:

cash flow at the beginning of 2010 = -$108 x 3 = -$324

cash flow at the beginning of 2011 = (-$112 x 2) + $12 = -$212

cash flow at the beginning of 2012 = $98 + $20 = $118

cash flow at the beginning of 2013 = ($103 x 4) + $20 = $432

using an excel spreadsheet, the MWRR = 1.08%

Accounting information systems: Multiple Choice require a CITP designation to understand. report only financially related information. are always computerized. are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control.

Answers

Answer: Are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control.

Explanation:

Accounting information systems are very useful because they combine accounting records with processes thereby coming up with reports on transactions that provide relevant stakeholders with both financial and non-financial information needed for decision making and control.

Accounting systems do not require a Certified International Trade Professional (CITP) designation to understand neither does it report only financially related information nor is it always computerized.

write the short note on durable and non durable materials ​

Answers

Durable goods are those goods that don't wear out quickly and last over a long period. ... While non-durable goods or soft goods are those goods that have a short life cycle. They are used up all at once or have a lifespan of fewer than three years. For example light bulbs, paper products, and food products.

You are to make monthly deposits of $625 into a retirement account that pays an APR of 11.4 percent compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 34 years?

Answers

Answer:

the future value of an annuity is $3,049,771.89

Explanation:

The computation of the future value of an annuity is shown below:

= Monthly deposit × {(1 + interest rate)^number of years - 1 ÷ rate of interest}

= $625 × {(1 + 11.4% ÷ 12)^34 × 12 - 1 ÷ 11.4% ÷ 12}

= 625 × ((1 + 0.95%)^408 - 1) ÷ 0.95%

= 625 × 4,879.64

= $3,049,771.89

Hence, the future value of an annuity is $3,049,771.89

PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?

Answers

Answer:

absolute

Explanation:

cause oils from mine feilds an certain refreshners cause global warming

Answer:

Absolute

Explanation:

what is nbetter fender gibson or danelectro guitars. (in your opinion). I ALREADY HAVE MINE DANELECTRO ALL THE WAY.

Answers

Answer:

Danelectro Guitars

Explanation:

They are just cool.

Have a look at the top 10 brands in the world, what similarities can you see in regards to their marketing activities

Answers

s you probably know, brand equity is becoming increasingly important factor to successful brands. Brand equity has the ability for firms to to gain additional market share, at a price premium, with increased customer loyalty, and greater acceptance of new products. It also provides significantly more access to more retailer channels and easier ability to enter new markets.

Professional valuation companies that rank firms on the brand equity value consider how much the brand contributes to additional profitability. Here are the top 10 brands for 2015 as determined by Millward Brown.

Apple

Google

Microsoft

IBM

Visa

AT&T

Verizon

Coca-Cola

McDonalds

Marlboro

If i make $7,800 a week from my job , how much would my yearly salary would be ?
(A) $205,500
(B) $405,600
(C) $605,700
(D) $805,800

Answers

Answer:

You would make $405,600.

Explanation:

There are 52 weeks in a year, and you make 7,800 in a week.

7,800 * 52 = 405,600

Answer:

ummm hold let me do the math it would be b i think

Credit cards can help _____________ when paid off on time regularly.

Answers

Answer:

lower your debt

Explanation:

Credit cards can help to lower debt when paid off on time regularly.

What is Credit card?

A credit card is a sort of credit facility offered by banks that allows clients to borrow monies up to a pre-determined credit limit. It allows customers to make purchases of products and services. When using a credit card, you must make at least the minimum payment each month by the balance's due date.

Paying it down on time might help to boost the credit. People who do not have much credit history may have difficulty obtaining a beginning card. A card with a lower credit score may be appropriate in some instances, but for many people, a secured card is a better alternative.

The lower credit usage, the smaller credit card balance. Paying your credit card debt on time and consistently might enhance your credit score.

As a result, if credit score improves, you may be able to qualify for lower interest rates and other loans, such as mortgages.

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Which of the following is the "riskiest" investment?

a. а CD
b. a blue-chip stock
c. a growth stock
d. a corporate bond

Answers

Answer:

d

Explanation:

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