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In a short 2-3 paragaph response to the following:
a common resources game that asks "Should we drill another well or not?" Consider this game and describe what the dominant strategy is (as per your text). Consider what will happen if this becomes a repetitive game (both oil companies knowing they will share many oil fields over the next years). Will the dominant strategy survive, and-if not-what strategy could emerge as "best?" based on the scenario below:
A dominant strategy is a strategy that is best for a player in a game regardless of the strategies chosen by the other players (Mankiw, 2015, p. 354). A common resource can throw this off because they are the goods that are rival in consumption but not excludable (Mankiw, 2015, p. 481). In the scenario shown on page 358 of our textbook it lays out the possible outcomes of drilling one well or drilling two wells for two competing companies. The cost for these companies to drill a single well is 1 million dollars and 2 million dollars for two wells. So the potential profit minus cost for either of these companies can range from 3-6 million dollars (Mankiw, 2015, p. 358).
Explain the types of power this leader used and the impacts that were achieved, This is for a leadership and organizational behaviour class- Have you met any leaders who have had a truly significant impact on your life?
The task is to write a speech on how computer mediated communication is helpful for big management positions- for managers.
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Structure and issues and recommendations on improving those organizational issues
What must the interest rate in Japan (on an investment of comparable risk) be before you are willing to consider investing there for six months?
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Develop strategic recommendations to the board of directors including rationale.
The new and youthful laborer With regards to New and Young Worker Training, businesses are required to orientate and prepare all laborers "before" work starts, on safe work techniques, and perils identified with the employment.
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