Solving for dominant strategies and the Nash equilibrium Suppose Andrew and Beth 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 Andrew chooses Right and Beth chooses Right, Andrew will receive a payoff of 6 and Beth will receive a payoff of 5. Beth Left Right Andrew Left 8, 4 4, 5 Right 5, 4 6, 5 The only dominant strategy in this game is for to choose .
The outcome reflecting the unique Nash equilibrium in this game is as follows:
Andrew chooses and Beth chooses .

Ashielded metal arc-welding operation is accomplished in a work cell by a fitter and a welder. the fitter takes 5.5 min to load components into the welding fixture at the beginning of the work cycle, and 1.5 min to unload the completed weldment at the end of the cycle. the total ength of the weld seams 1200 mm, and the travel speed used by the welder averages 300 mm/min. every 600 mm of seam length, the welding stick must be changed, which takes 0.8 min. while the fitter is working, the welder is idle (resting): and while the welder is working the fitter is idle. (a) determine the average arc-on time as a fraction of the work cycle time. (b) how much improvement in arc-on time would result if the welder used flux-cored arc welding (manually operated), given that the spool of weld wire must be changed every 10 weldments, and it takes the welder 5.0 min to accomplish the change? (c) what are the production rates for these two cases (weldments completed per hour)? attach your work and solutions.