discounting in which the stage game is played in each period. Find all pure strategy SPNE. (c) What’s the min-max payoff of each player? (c1) Consider pure strategies only
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Find all NE of the stage game.
(b) Consider a two-period game without discounting in which the stage game is played in
each period. Find all pure strategy SPNE.
(c) What’s the min-max payoff of each player?
(c1) Consider pure strategies only.
(c2) Consider all strategies, including the mixed ones.
(d) Now suppose the stage game is repeated infinitely many times. Use the Fudenberg-
Maskin Folk theorem to find all possible values of payoff that can be supported as a
SPNE.
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- 17 ) (F/P,i,3) * (F/P,i,5) = ------------------------------------- Select one: a. (F/P,i,8) b. (F/P,i,12) c. (F/P,i,4) d. (F/P,i,15)* Please be advised this is for practice preperation only ** i just really need help on this - I dont undertsand Which of the following is true?(a) This game has 2 subgames.(b) “Play A” is an example of a possible strategy for Player 1.(c) “Play C ” is an example of a possible strategy for Player 2.(d) “Play A in the beginning, and play H if P2 chooses C” is an example of a possible strategy for Player 1.(e) “Play G after A, and Play H after B” is an example of a possible strategy for Player 2.The frequency of breakdown of a machine per month is shown in the table. The cost ofa breakdown is $1,000 and the cost of preventive maintenance is $1,250 per month. Ifpreventive maintenance is performed, the probability of a machine breakdown is negligible. Should the manager use preventive maintenance, or would it be cheaper to repair themachine when it breaks down?Number of breakdowns 0 1 2 3Frequency of occurrence .20 .30 .40 .10
- True or false 3.3 the strength of water transportation is high investment cost.Given problem: The ore of a gold mine in the Mountain Province contains, on average, 0.5 grams of gold per ton. One method of processing costs $1,650 per ton and recovers 93% of the gold, while another method costs only $1,500 per ton and recovers 81% of the gold. If gold can be sold at $8,500 per gram, which method is better, and by how much? Consider the income and cost per ton of ore. Solve for the net receipt of each method. *Round off answer in 2 decimal places. Thank youa. [2.57, 3.05]b. [-0.31, 0.15]c. [-0.31, -0.15]d. [-0.33, -0.13] choose one correct answer
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