Solving for dominant strategies and the Nash equilibrium *Suppose Sean and Yvette are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows
the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Sean chooses Right and Yvette
chooses Right, Sean will receive a payoff of 9 and Yvette will receive a payoff of 8.
Yvette
Left (8,5 3,6)
Right (8,7 9,8)

Sean
Left (8,5 8,7)
Right (3,6 9,8)

The only dominant strategy in this game is for Sean or Yvette ? to choose left or right?

The outcome reflecting the unique Nash equilibrium in this game is as follows: Sean chooses Left or Right ? And Yvette chooses Left or Right?

Yolo windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars): information on january 1 (beginning): direct materials inventory $ 89 work-in-process inventory 111 finished goods inventory 1,620 information for the year: administrative costs $ 3,610 direct labor 12,900 direct materials purchases 8,210 factory and machine depreciation 11,720 factory supervision 774 factory utilities 940 indirect factory labor 2,880 indirect materials and supplies 688 marketing costs 1,480 property taxes on factory 282 sales revenue 45,800 information on december 31 (ending): direct materials inventory $ 94 work-in-process inventory 138 finished goods inventory 1,430 required: prepare an income statement with a supporting cost of goods sold statement. (enter your answers in thousands of dollars (i.e., 234,000 should be entered as