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Find the Subgame Perfect Nash Equilibrium of this game using backward induction. Please write down the calculations to show why a player prefers one action over another.
(N represents nature)
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- 955,000 30 se0,000 15. Jay Seago is suing the manufacturer of his car for $3.5 million because of a defect that he believes caused him to have an accident. The accident kept him out of work for a year. The company has offered him a settlement of 5700,000, of which Jay would receive $600,000 after attorneys' fees. His attorney has advised him that he has a 50% chance of winning his case If he loses, he will incur attomeys' fees and court costs of $75,000. If he wins, he is not guaranteed his full requested settlement. His attorney believes that there is a 50% chance he could receive the full settlement, in which case Jay would realize $2 million after his attomey takes her cut, and a 50% chance that the jury will award him a lesser amount of $1 million, of which Jay would get $500,000. Using decision tree analysis, decide whether Jay should proceed with his lawsuit against the manufacturer.80. Gridiron University is a private university. A successful alumnus has recently donated $1,000,000 to Gridiron for the purpose of funding a "center for the study of sports ethics." This donation is condi- tional upon the university raising matching funds within the next 12 months. The university administra- tors estimate that they have 50% chance of raising the additional money. How should this donation be ac- counted for? a. As a temporarily restricted support. b. As unrestricted support. c. As a refundable advance. d. As a memorandum entry reported in the footnotes.4. Anentrepreneurintends to sell his product for 6.4$ each. The daily cost or expenses can be expressed as x+9.1+.11x^2, wherexis the no. of product sold daily. Find the no. of products that will maximize the profit per day.
- User passwords for the mainframe at a finance firm consists of five letters followed by two numbers. How many different passwords are possible? a. 33,153,120,000 Ob. None of these Oc. 1,188,137,600 Od 657,800 e. 7,893,690e Chrome du.om/mod/quiz/attempt.php?attempt=D19975&cmid-11765&page=2 matics for Business and Economics(1) purse Mathematics for Busine Givent funci OTR-40- OTR 120-40 OTR=0 4Q What is the maximu value TR?SNA Framework must be: Question 8Answer a. Timely b. Comprehensive c. Definite d. Adjustable
- State is it TRUE/FALSEDetermine whether or not to stock a large supply of steel. There is uncertainty in the price of steel. Based on past history the following data are available Price (future) Prob (Price) PW if stocked PW if not stocked High 0.3 100000 0 Medium 0.5 -10000 0 Low 0.2 -50000 0 What is the probability that stocking steel will result in a negative present worth (PW)?Only answer d all answer ware correct
- Q 0 1 2 U 3 4 5 6 7 8 9 10 TC (in millions) $50 54 56 57 59 62 66 72 80 92 110 TVC 0 4 6 7 9 12 16 22 30 42 60 AVC n/a 4 3 2.34 2.25 2.4 2.6 3.143 3.75 4.6 6 AFC n/a 50 28 19 14.75 12.4 11 10.28 10 10.22 11 ATC n/a 54 28 19 14.75 12.4 11 10.28 10 10.22 11 MC 54 56 57 59 62 66 72 80 92 110 125 1.what is the efficient capacity? if there is any 2. in one diagram, draw the manufacturer's AVC,ATC,and MC curves? TFC15. Compute the QUALY of a person that has a Q value of 0.7 that decreases by 0.1 points for the next 4 years F value of 013 that in increases by 0.1 points for the next 4 years with a discount rate of 7%. Time period: 4 yearsAnswer questiion 2