Bob and tom are two criminals who have been arrested for burglary. the police put tom and bob in separate cells. they offer to let bob go free if he confesses to the crime and testifies against tom. bob is also told that he will serve a 15-year sentence if he remains silent while tom confesses. if he confesses and tom also confesses, they will each serve a 10-year sentence. separately, the police make the same offer to tom. assume that if bob and tom both remain silent, the police only have enough evidence to convict them of a lesser crime and they will serve 3-year sentences. a. use this information to write a payoff matrix for bob and tom. b. does bob have a dominant strategy? if so, what is it? c. does tom have a dominant strategy? if so, what is it? d. what sentences do bob and tom serve? how might they have avoided this outcome?

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?

In a small group, members have taken on the task roles of information giver, critic/analyzer, and recorder, and the maintenance roles of gatekeeper and follower. they need to fulfill one more role. which of the following would be most effective for their group dynamics? a dominator b coordinator c opinion seeker d harmonizer