Consider the following strategic situation. Two friends are making sushi together. The first friend has offered to go grocery shopping, while the other friend has offered to make the sushi.
?The first friend goes to the supermarket and buys a main ingredient: Tuna, unagi(BBQ eel), or salmon.
?They then buy either avocado or cucumber as a second ingredient. Meanwhile, the second friend has to decide how much sushi rice to make.
?They can either make a large batch or a small batch
?They don't see what their friend has purchased when deciding Finally, they make sushi.
The type of sushi depends on the choices of first friend:
?If they bought cucumber, they make small sushi rolls.
?If they ordered salmon or tuna, and avocado, they make large rolls.
?If they ordered unagi and avocado, they make small rolls.
However, if they make large rolls and have a small batch of rice, they run out. If they make small rolls and have a large batch of rice, they waste some.Both friends value sushi rolls based on their ingredients, and the rice situation:
?Avocado is the best, and is worth 5 utility
?Unagi is the second best, and is worth 4 utility
?Salmon is worth 3 utility
?Tuna is worth 2 utility
?Cucumber is worth 1 utility
?A large roll increases the value by 2 utility
?Running out of rice reduces the value of a roll by 50%
?Wasting rice costs 1 utility.
Payoffs are the sum of all the components. For example, an avocado and salmon bowl with a large amount of rice prepared is worth 5 + 3 + 2 = 10 utility. If they made only a small amount of rice, it would only be worth 5 utility.
(a) (10 points) Draw the tree representation of the game above, being careful to include information sets and actions.(Hint: you might want to re-phrase the first friend's decisions in terms of roll choice,rather than ingredients.)
(b) (10 points) Find any one equilibrium in this game. Explain!(Hint: What possible beliefs can the second friend have?)
(c) (15 points) Draw the matrix representation of your game, and solve it for all of the NE. Which ones agree with your equilibrium? Explain
intruction Chart of Accounts General Journal ruction Chart of Accounts General Journal JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. FITQuestion 3 Some researchers who utilise Legitimacy Theory posit that organisations will attempt to operate within the terms of their 'social contract". What is a social contract? Question 4 In 2006 the Australian Government established an inquiry into corporate social responsibilities with the aim of deciding whether the Corporations Act should be amended so as to specifically include particular social and environmental responsibilities within the Act. At the completion of the inquiry it was decided that no specific regulations would be added to the legislation, and that instead, 'market forces' would be relied upon to encourage companies to do the 'right thing' (that is, the view was expressed that if companies did not look after the environment, or did not act in a socially responsible manner, then people would not want to consume the organisations' products, and people would not want to invest in the organisation, work for them, and so forth. Because companies were aware of such market forces they would do the 'right thing' even in the absence of legislation). You are required to explain the decision of the government that no specific regulation be introduced from the perspective of: 1. Public Interest Theory 2. Capture Theory 3. Economic Interest Group Theory of regulation.Question 1 The purpose of the American federal system of government is to: A, Ensure the property rights of the citizens of each state. O B. Recognize the need for a central government to deal with certain issues on behalf of all citizens of the nation. O c. Ensure that all states have the same laws. O D. Ensure full employment of federal public employees. Question 2 The U.S. Constitution regulates: O A. The power among the branches of the federal government. O B. Interaction of U.S. citizens with citizens of other countries. O c. State enforcement of day-to-day issues of state citizens. D. Private contracts between state citizens. Question 3 State legislation is intended to: A Be discriminatory to undocumented persons. O B. Express the rules for behavior passed by the elected representatives for the conduct of each state's citizens. O c. Provide guidance to federal courts. O D. Be unfair to certain citizens of the state. Question 4 The three branches of the U.S. Government are: O A Criminal, civil and legal. O B. Military, private and industrial. c. Judicial, legislative and executive. O D. Congress, senate and executive. Question 5 A contract of adhesion is: A One that has not been reduced to writing. B. One in which the object of the contract is illegal conduct. o c. One in which a stronger party is able to dictate terms to a weaker party. o D. Where a corporation forms an oral contract. Question 6 Construction contracts: O A Are usually unfair to one party- O B, May be considered a source of law by courts. O c. Are not commonly used in construction. O D. Are almost always altered by parties. Question 7 What is the difference between courts of general jurisdiction and those of limited jurisdiction?Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) a. All of his income is salary from his employer. X Answer is not complete. Amount Income tax $ 132,295 Net investment income tax Total tax liability $ 132,295O Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) c. His $450,000 of taxable income includes $55,000 of long-term capital gain that is taxed at preferential rates. (Round your answers to 2 decimal places.) Amount Income tax Net investment income tax Total tax liability $ 0.00
