The Naturally Made Bath and Body store pays $550 a month for rent and utilities. The average cost for its products to be manufac
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Answer:
Step-by-step explanation:
a) The game tree for k = 5 has been drawn in the uploaded picture below where C stands for continuing and S stands for stopping:
b) Say we were to use backward induction we can clearly observe that stopping is optimal decision for each player in every round. Starting from last round, if player 1 stops he gets $3 otherwise zero if continues. Hence strategy S is optimal there.
Given this, player 2’s payoff to C is $3, while stopping yields $4, so second player will also chooses to stop. To which, player 1’s payoff in k = 3 from C is $1 and her payoff from S is $2, so she stops.
Given that, player 2 would stop in k = 2, which means that player 1 would stop also in k = 1.
The sub game perfect equilibrium is therefore the profile of strategies where both players always stop: (S, S, S) for player 1, and (S, S) for player 2.
c) Irrespective of whether both players would be better off if they could play the game for several rounds, neither can credibly commit to not stopping when given a chance, and so they both end up with small payoffs.
i hope this helps, cheers
Answer:
- The sphere has a diameter of 32 in. CORRECT: the diameter of a sphere doubles its radio, so if the radio equals 16,the diameter measures the double, in this case, 32.
- The radius' lenght is one half the length of the diameter. CORRECT: , by definition, the diameter is the maximum distance between two opposite points on the surface of the sphere, and its lenght equals twice the radius because the radius is the distance between the center of the sphere and any point of the frontier of the sphere (then, one colud imagine that the distance between two opposite points in a sphere can be united by two radius, or a diameter).
- The volume (V) of a sphere can be calculated as
, where r is the radio. In this case, the volume of the sphere will be
, which is also equal to
.