If an Attorney Creates a Prisoner's Dilemma for Two Suspects,the

question 86

Multiple Choice

If an attorney creates a Prisoner's Dilemma for two suspects,the attorney's goal is to:

• A)trick either one of them into revealing what really happened.
• B)create an incentive for one of them to confess while the other maintains innocence.
• C)create an incentive for both of them to confess privately.
• D)achieve the greatest punishment for both suspects.

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one could have received by choosing a different option.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Direct Labor Efficiency

A measure of the productivity of workers involved directly in manufacturing, calculated as actual hours worked versus standard hours.

Direct Labor Price

Refers to the rate paid for the labor directly involved in the production of goods or services.