answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anestetic [448]
2 years ago
5

Suppose Ishmael and Santiago are the only two fishermen who fish in Lake Hardin. Each must choose between fishing for 20 hours p

er week or for 40 hours per week. If both choose to fish for 20 hours per week, then each can earn a profit of $3,000 per week. If both choose to fish for 40 hours per week, then each can earn a profit of $2,000 per week. If Santiago fishes for 40 hours per week, and Ishmael fishes for 20 hours per week, then Santiago can earn a profit of $4,000 per week, and Ishmael can earn a profit of $1,000 per week. If Ishmael fishes for 40 hours per week, and Santiago fishes for 20 hours per week, then Ishm
Business
1 answer:
zhenek [66]2 years ago
7 0

Answer:

                                                Ishmael

                                                20 hours                        40 hours

                        20 hours        (3000, 3000)                   (1000, 4000)

Santiago          40 hours         (4000, 1000)                   (2000, 2000)  

b) The NAsh equilibrium of the game of both men will fish for 40 hours.

c) Yes, the game is a prisoner's dilemma.

You might be interested in
Consider the following statement:"Statistics tell us that ice cream sales increase during the summer months. It is also the case
slega [8]

Answer:

Post hoc, ergo propter hoc.

Explanation:

The best statement which explains the above scenario is 'post hoc, ergo propter hoc'.  This statement is known as an informal fallacy, according to this statement because burglaries were followed by an increase in ice-cream sales then it means that an increase in ice-cream sales is the cause of burglaries. In other words, if 'y' is followed by 'x' then 'x' must have caused 'y'.

8 0
2 years ago
Rede Inc. manufactures a single product. Variable costing net operating income was $63,800 last year and its inventory decreased
irina1246 [14]

Answer:

$62,600

Explanation:

Net operating income under variable costing = $63,800

Fixed manufacturing overhead cost deferred in inventory = (300 units multiplied by $4) =$1,200

the absorption costing net operating income last year= $63,800 - $1,200 = $62,600

4 0
2 years ago
When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently,
Alexeev081 [22]

Answer:

These statements are correct:

In a command economy, state-owned enterprises have little incentive to control costs and be efficient.

In a command economy, the absence of competition means that state-owned enterprises do not have incentive to be efficient. This is because In command economies, these companies are most of the time monopolies who have a safer market to sell their products, because consumers lack choice.

Mixed economies were once uncommon throughout much of the world, although they are becoming more popular now.

Most economies now are mixed: in part free market economies, in part command economies. For example, in most developed countries, most sectors are left for private companies to compete, but a few areas are still directly controlled by the government, either fully or partially (for example: the healthcare sector, and education).

3 0
2 years ago
Riley is considering the purchase of 350 shares of the preferred stock of Marston Manufacturing Company. The stock carries a par
Furkat [3]

Answer:

The per-share value of Marston’s preferred stock should be $92

Explanation:

The computation of the per-share value of Marston’s preferred stock is shown below:

= (Annual Dividend rate) ÷ (yields generation) × 100

= (5.75%) ÷ (6.25%) × 100

= $92

We simply divide the Annual Dividend rate by the yields generation or we can say it is a required rate of return.

All other information which is given in the question is not relevant. Hence, ignored it

7 0
2 years ago
You purchased 500 shares of Barden Enterprises stock for $55.43 per share at the beginning of the year. The stock is currently p
krok68 [10]

Answer:

Dividend yield is 2.91 %.

Explanation:

Dividend yield = Annual Dividend per Share / Stock Price per Share × 100

<em>where,</em>

Annual Dividend per Share = Total Dividends ÷ Total Number of Shares

                                              = $835 ÷ 500

                                              = $1.67

<em>then,</em>

Dividend yield = $1.67 / $57.48 × 100

                        = 2.905 or 2.91 %

4 0
2 years ago
Other questions:
  • A store will give you a 2.50% discount on the cost of your purchase if you pay cash today. otherwise, you will be billed the ful
    6·1 answer
  • Answer you are told that metal x is a better reducing agent than metal y. this must mean that:
    8·1 answer
  • An entire city likes milk and coffee equally well. milk is packaged in cardboard cartons. coffee is packaged in tin cans. yester
    10·1 answer
  • The aggregate demand for good X is Q​ = 20 minus ​P, and the market price is P​ = $8. What is the maximum amount that consumers
    15·1 answer
  • A national political organization segmented the area of Jackson Hole, Teton County in Wyoming for its political marketing campai
    6·2 answers
  • Johnny’s Drive-in pays its employees bi-weekly. The first payday of 2014 will be on January 3 and will compensate employees for
    13·1 answer
  • A revenue management (RM) system for an airline seeks to minimize each customer's ticket price of travel on the airline's flight
    9·1 answer
  • The Lost Continent Store pays a constant dividend. Last year, the dividend yield was 5.75 percent when the stock was selling for
    14·1 answer
  • Explain why the credit industry wants you to believe that you need a credit score
    11·2 answers
  • An industry consists of three firms with sales of $300,000, $700,000, and $250,000. a. Calculate the Herfindahl-Hirschman index
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!