Practice exam 2 - SOLUTIONS.xlsx

# Practice exam 2 - SOLUTIONS.xlsx - This exam includes 7...

• Test Prep
• 17

This preview shows pages 1–8. Sign up to view the full content.

This exam includes 7 worksheets. On the last sheet there are 10 essay questions. Please remember that you have maximum 2.5 hours for the entire exam (for the essay questions AND for the Excel part) you are not allowed to use the Internet in any form during the exam there cannot be any MS Word, Excel, or PowerPoint files on the hard drive of the computer you use except the file with the exam the only file that can be open during the exam is the Excel file with the exam; also: I'd like to see your work; just one number in a cell as an answer without the formula behind it is not sufficient. Please let me know if you have any questions. Tota po

This preview has intentionally blurred sections. Sign up to view the full version.

al: 100 oints
Find and state the solution(s) of the two normal form games if there is any Find and state the equilibrium path of the two extensive form games.

This preview has intentionally blurred sections. Sign up to view the full version.

2 Nash eq.: a, A; b, B 2 Nash eq.: d, A; d, B a, B y. 8 points

This preview has intentionally blurred sections. Sign up to view the full version.

b, C, c
P 2.5 TFC MA 37500 ME 75000 a. BEQ MA 50000 b. TR @ BEQ 125000 c. Profit @ 60000 MA d. Q < 75,000 MA is bette 75,000 < Q ME is better A company has to choose betwen two processess: manual (MA) or mechanized (ME). The first (MA

This preview has intentionally blurred sections. Sign up to view the full version.

This is the end of the preview. Sign up to access the rest of the document.
• Fall '13
• Management, net profit, Minimax, favorable market

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern