subject
Business, 17.01.2020 01:31 emmadownum

Athree-person committee has to choose a winner for a national art prize. after some debate, there are three candidates still under consideration: a woman who draws antelope in urban set- tings, a man who makes rectangular lead boxes, and a woman who sculpts charcoal. letâs call these candidates a, b and c; and call the committee members 1, 2 and 3. the preferences of the committee members are as follows:
o member 1 prefers a to b and b to c;
o member 2 prefers c to a and a to b;
o and member 3 prefers b to c and c to a.
the rules of the competition say that, if they disagree, they should vote (secret ballot, one member one vote) and that, if and only if the vote is tied, the winner will be the candidate for whom member 1 voted. thus, it might seem that member 1 has an advantage.
(a) consider this voting game. each voter has three strategies: a, b, or c. for each voter, which strategies are weakly or strictly dominated? [hints. be especially careful in the case of voter 1. to answer this question, you do not need to know the exact payoffs: any payoffs will do provided that they are consistent with the preference orders given above. to answer this question, you do not have to write out matrices].(b) now consider the reduced game in which all weakly and strictly dominated strategies have been removed. for each voter, which strategies are now weakly or strictly dominated? what is the predicted outcome of the vote? compare this outcome to voter 1âs preferences and comment.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 07:50
In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?
Answers: 2
question
Business, 22.06.2019 11:00
Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld
Answers: 2
question
Business, 23.06.2019 01:50
Exhibit 34-1 country a country b good x 90 60 30 0 good ygood x good y 0 30 60 90 30 20 10 20 40 60 refer to exhibit 34-1. considering the data, which of the following term to? a. 1 unit of y for 1 unit of x b. 1 unit of y for 0.75 units of x c. 1 unit of y for 0.25 units of x d. 1 unit of y for 1.50 units of x e. all of the above s of trade would both countries agree 8. it -
Answers: 2
question
Business, 23.06.2019 02:50
Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.
Answers: 2
You know the right answer?
Athree-person committee has to choose a winner for a national art prize. after some debate, there ar...
Questions
question
Social Studies, 01.05.2021 05:30
question
Mathematics, 01.05.2021 05:30
question
Mathematics, 01.05.2021 05:30
question
Mathematics, 01.05.2021 05:30
question
Mathematics, 01.05.2021 05:30
Questions on the website: 13722361