Three players live in a town and each can choose to contribute to fund a streetlamp. The value of having a streetlamp is $3 for each player; the value of not having a streetlamp is $0. The mayor asks each player to contribute a dollar, but each player may agree to do so or not. (Each player contributes $1 or $0.) If at least 2 players contribute, the lamp will be erected; otherwise the lamp is not erected and the mayor keeps the money collected. (a) Write down the normal form of this game. Your game should have 8 strategy profiles: the lamp is erected in four of them, and is not erected in the other four. (b) Identify dominant strategies and dominated strategies, if any, for each player. (c) Which of the eight strategy profiles constitute a Nash equilibrium

Afirm produces a product in a competitive industry and has a total cost function (tc) of tc(q) = 60 + 10q + 2q2 and a marginal cost function (mc) of mc(q) = 10 + 4q. at the given market price (p) of $20, the firm is producing 5.00 units of output. is the firm maximizing profit? no what quantity of output should the firm produce in the long run? the firm should produce unit s) of output. (enter your response as an integer.)

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.

Which of the following best describes why you need to establish goals for your program?