ofkameron50
16.02.2022 •
Business
Five lifeguard towers are lined up along a beach; the leftmost tower is number 1 and the rightmost tower is number 5. Two vendors, players 1 and 2, each have a popsicle stand that can be located next to one of five towers. There are 25 people located next to each tower, and each person will purchase a popsicle from the stand that is closest to him or her. That is, if player 1 locates his stand at tower 2 and player 2 at tower 3, then 50 people (at towers 1 and 2) will purchase from player 1, while 75 (from towers 3, 4, and 5) will purchase from vendor 2. Each purchase yields a profit of $1.
Required:
a. Specify the strategy set for each player. Are there any strictly domi nated strategies?
b. Find the set of strategies that survive rationalizability.
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Ответ:
Social grant could have both positive and negative impacts on teen mothers.
Positive impacts:
Social grants would give a certain amount of money to teen mothers each months in order to cover their basic expense. This would help the teen mothers to get by while trying to seek additional income from a more stable job.
Negative Impacts:
Social grants could make teen mothers became too dependent on government assistance to get by. When being used incorrectly, this would prevent them from seeking a more stable job.