According to an article in The Economist, new technology has led to significant overfishing even though fishermen generally understand the risks of overfishing. Consider two countries, Iceland and Canada, fishing in the same waters. Each country is considering banning the new technology, but each country can only ban the new technology for its own domestic fishermen. The most preferred outcome for Canada would be for both countries to ban the new technology. The second most preferred outcome for Canada would be if Canada did not ban the technology but Iceland did. The third most preferred outcome for Canada would be if neither country banned the new technology. The least preferred outcome for Canada would be if Canada banned the new technology but Iceland did not. Iceland has the exact same preferences as Canada. Draw a 2x2 game to represent this situation and find the Nash Equilibria. Also make sure that you label the players, actions, and payoffs. Show all of your work.

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?