O Suppose and I pky the and I play the game reck-paper - sci ssor twice Xrsume mixed stratojos (ran domi zing ng the three artion) are not albwad. How nanystoategies you have?
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This particular question has been confusing. Any help please?
In game theory, a "pure strategy" game is a game where each player chooses from a set of available strategies, and each player's strategy choice is known to all players. In other words, in a pure strategy game, each player chooses a single, fixed strategy and commits to it for the duration of the game.
On the other hand, in a "mixed strategy" game, players randomize among a set of available strategies according to some probability distribution. In other words, in a mixed strategy game, players choose their strategies probabilistically, rather than deterministically.
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- O Suppose goa twice Aisume mixed stratojes (ran domi zing among the three artions) do jou hawe? and I play the game reck- -paper-scissor are not albuad. Howcalled plaging a Jame Chicken They eash drive thair car down Hhe center of the voand in opporite direcfions Each chocses ei ther SwerveIf botth swerve, no boy wins stags and one Swerves, Hhe ove O Suppose Etie and Joshug "stag" br loses any thing.If one or one who stags wins $2 Awo dollans) from the one who severves. If both stay, they wrack the cans and need ear to rapair earh Car. normal farm. O Represent the goone in a O Find all flarh Epui librica Jos hug imit leanned that E ddie has a mickmome " Fnst Eltie'! a buays make his dairinm af ter as he, is quick and can obierung his opponents fecision' o Represent the gane in an extencive furm. A Find the vaamnable autrome of this game using backwrand in Juctin.Explain, Why is the marginal utility curve declining with incresed consumpition of burgers?
- 7 This figure below shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive. 1 Sarah points Lew Effont High Effert 00:40 25 Low Effort Joe High Effon The outcome of the game in the figure shown will be: Multiple Choice Joe puts forth high effort and Sarah puts forth low effort. Joe puts forth low effort and Sarah puts forth high effort. Joe and Sarah both put forth low effort. Joe and Sarah both put forth high effort.The table shows the Gabrielle's total staty from manicures What is Cat's total unity when she boys 4 manicures? What is the marginal unity she receives from her fourth manicure? When Gabriele buys 4 manicures, the totalutty that she receives units Gabrieles marginal uity from the fourth manicure is units Marginality OA increases a more of a good is consumed OB has no relationship oluy Oc the chance in total usey that results from Manicures (per 0 1 2 4 5 Total uality 8 50 90 122 150 176Morph rede Reveral Wee SPape Wheef ACTIVITY: 005 Binds Comb Unceeer %3D A. Complete the following table using data below: Toilf Random far herkebear Push Cover Cube FC VC AVE. TC MC OUTPUT Fea Aimiene Rendam 10 10 16 Modiy Iransdon 36 40 Sund NoSoun 公 n 34
- Price per arginal Utility Fron Current Consumption Product Unit $ 10 20 20 30 The table shows the marginal utite derived trom curent consumpton leves of three new products. A B and C at are being sold in the maet at the prces isted The contumer can imniediately gan the most extra total utity by winching spending from Mnple Choce ANEThe only Sourceb a inCcme available to Ansen, a lexct heo8tudent e ucc hex monthly Stipend (m) frem her parents. neither Sarces ner borrows. A5 SU BAsuming 8he Spende al her inceme ont only tub gords fora (f) ans clothes (C), with Pe ns PC being the rices Atwo ginsas respectical lond autilim functim.et the form. haveing 2 unhe en PSSuming gord f is ftn on the Vertical axis, pwauck, a S ketch ot her budget Conshaint and determine the slope. ( Find Doreen's monthly equuhbrium deman d function fer both yonra. with Pf ans pe gicen as 12 and ei5 Tespectively and Censum inceme t ¢300, calculate the equilibrium quan Hh er both grsd expression foy Doreen budget Cen8traintThe figurm to the nght shws he maket for pran The matet lyin m t pe of P, ndeuy ot a, Now epse produoes decide t t Q, hoder he pree t Al be pree P, cormen are wiling to buy the a, pends of greree thi n econenily efent ty OA Ye, beraune be price P, hown what conumen wng te pey the pdut D. No the mergnal cost of he lest un (0ad the margl beneof the ltunt OC. Ves ofherwise consumere wod ty 0, uns ferw OD M the margnel benette lt n 0jecend the merg cot of lt u Seyf Nuxt
- Explain motivation this statement" Can leads to ha ŏ cissism oY Pawr yot"?Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers. Praxilla gets 30 units of marginal utility from her first poem 27 units of marginal utility from her second poem 24 units of marginal utility from her third poem, and so on, with marginal utility declining by three units for each additional poem. Praxilla gets six units of marginal utility for each of her next three cucumbers consumed, five units of marginal utility for each of her next three cucumbers consumed, four units of marginal utility for each of the following three cucumbers consumed, and so on, with marginal utility declining by one for every three cucumber consumed. A poem costs three bronze coins hut a cucumber costs only one bronze coin. Praxilla has 18 bronze coins. Sketch Praxillas budget set between poems and cucumbers, placing poems on the vertical axis and cucumbers on the horizontal axis. Start off with the choice of zero poems and 18 cucumbers, and calculate the changes in marginal utility of moving along the budget line to the next choice of one poem and 15 cucumbers. Using this step-by-step process based on marginal utility, create a table and identify Praxillas utility—maximizing choice. Compare the marginal utility of the two goods and the relative prices at the optimal choice to see if the expected relationship holds. Hint: Label the table columns: 1) Choice, 2} Marginal Gain from More Poems, 3) Marginal Loss from Fewer Cucumbers, 4) Overall Gain or Loss, 5) Is the previous choice Optimal? Label the table rows: 1) 0 Poems and 18 Cucumbers, 2) 1 Poem and 15 cucumbers, 3) 2 Poems and 12 cucumbers, 4) 3 Poems and 9 Cucumbers, 5) 4 Poems and 6 cucumbers 6) 5 Poems and 3 Cucumbers, 7) 6 Poems and 0 Cucumbers.Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
