Use the Following to Answer Questions 19-20

question 82

Multiple Choice

Use the following to answer questions 19-20:
Table 12.12
-(Table 12.12) The payoffs are profits in millions of dollars. The Nash equilibrium of this game is:

• A) (20 , 20).
• B) (8 , 8).
• C) (-20 , 15).
• D) (-1 , 10).

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Definitions:

Employer Cost

The total expense borne by an employer to employ workers, including salaries, benefits, and taxes.

Net Pay

The amount of money an employee takes home after deductions like taxes and retirement contributions are subtracted from their gross pay.

Payroll

The total amount paid to employees for services rendered during a specific period, including wages, salaries, bonuses, and deductions.

Individual Employee Earnings Record

An accounting document that summarizes the total amount of wages paid and the deductions for the calendar year. It aids in preparing governmental reports. A new record is prepared for each employee each year.