Jackson and Max are the only inhabitants of a small tropical island. Each drives an old, smoke-belching Oldsmobile. Suppose that
installing a pollution-control device costs $940. Suppose also that for each pollution-control device installed, both Jackson and Max will see their health care costs decrease by $660.
Complete the payoff matrix below, incorporating the information given above. The payoff on the left corresponds to Jackson, and the payoff on the right corresponds to Max. If nobody installs a device, each will receive a payoff of $0.
Max
Install Don't Install
Jackson Install
Don't Install
Complete the payoff matrix below, incorporating the information given above. The payoff on the left corresponds to Jackson, and the payoff on the right corresponds to Max. If nobody installs a device, each will receive a payoff of $0.
Max
Install Don't Install
Jackson Install
Don't Install
1 answer:
Answer:
Answer for the question:
Jackson and Max are the only inhabitants of a small tropical island. Each drives an old, smoke-belching Oldsmobile. Suppose that installing a pollution-control device costs $940. Suppose also that for each pollution-control device installed, both Jackson and Max will see their health care costs decrease by $660.
Complete the payoff matrix below, incorporating the information given above. The payoff on the left corresponds to Jackson, and the payoff on the right corresponds to Max. If nobody installs a device, each will receive a payoff of $0.
Max
Install Don't Install
Jackson Install
Don't Install
is given in the attachment.
Explanation:
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Answer:
C. 1.25 times
Explanation:
Given: Cash 20,000 Accounts payable 11,000 Notes receivable 15,000 Wages payable 5,000 Stock 5,000 Retained earnings 20,000 Inventory 6,000 Notes Payable 8,000.
Current asset: Cash.
Current Liability: Accounts payable.
Now, calculating the quick ratio.
Formula; Quick ratio=
⇒ Quick ratio=
⇒ Quick ratio=
∴ Quick ratio=
Hence, Quick ratio is 1.25 times