Business, 17.06.2021 20:10 sepdentalcare8774

A local school is considering having a fundraising drive to renovate the science lab. The renovation will be completed only if the school collects $20,000 total from the parents. Each parent values the renovation at $500. Suppose that there are 100 parents. To try to raise the money the school holds a raffle. Parents can buy a $200 ticket (each parent can buy at most 1 ticket). The proceeds go to the school. The winner of the raffle gets season tickets to the local football team, worth $100. Suppose the school gets to keep all proceeds, regardless of what happens. If the proceeds do not sum up to $20,000, then the school uses the money for an end of year party that teachers value much less than a renovated science lab. If the proceeds do sum up to $20,000, the school renovates the lab. Required:
a. What is the Pareto efficient outcome?
b. Write down all Nash equilibria of the game among the parents.
c. What social dilemma is present in this scenario?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 02:00

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

Answers: 1

Answer

Business, 22.06.2019 08:00

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.

Answers: 1

Answer

Business, 22.06.2019 13:00

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators

Answers: 1

Answer

Business, 22.06.2019 19:20

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:

Answers: 1

Answer

You know the right answer?

A local school is considering having a fundraising drive to renovate the science lab. The renovation...

Questions