The old Michigan football coach had only two strategies. Run the ball to the left side of the line. Run the ball to the right side. The defense can concentrate either on the left side or the right side of Michigan's line. If the opponent concentrates on the wrong side, Michigan is sure to gain at least 5 yards. If the defense defended the left side and Michigan ran left, Michigan would be stopped for no gain. But if the opponent defended the right side when Michigan ran right, Michigan would still gain at least 5 yards with probability 0.70. It is the last play of the game and Michigan needs to gain 5 yards to win. Both sides choose Nash equilibrium strategies. In Nash equilibrium, Michigan would

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Which are the best examples of costs that should be considered when creating a project budget?

Which of the following would be an accurate statement about achieving a balanced budget