Big Panda (BP) and Little Panda (LP) live on a deserted island in the South Pacific. Their food is the warifruit which grows only from the highest branches of the waritree. To get the fruit, one of the pandas must climb all the way up the tree, creep out on the precarious branch and shake vigorously until the fruit drops. Measurements show that a warifruit is worth 10 kilocalories (Kc) of energy. The cost to BP of climbing the tree is 2 Kc but is negligible (meaning 0 Kc) for LP. If both pandas climb the tree to get the fruit, BP takes most of the fruit and gets 7 Kc leaving LP only 3 Kc of fruit. If only LP climbs the tree, BP has eaten 9 Kc of the fruit by the time LP gets back down leaving him only 1 Kc. If BP climbs the tree, LP gets to eat 4 Kc of fruit before BP can climb down and get the other 6 Kc of fruit. If no pandas climb the tree, then they do not get the fruit, and both get 0 Kc. A) Assume BP decides first whether to climb the tree. LP observes this decision and then gets to choose. Draw the game tree for this sequential-move game. B) Find the rollback equilibrium. What is the rollback equilibrium outcome?

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer loneliness;