A Small Community Has 10 People, Each of Whom Has

question 24

Multiple Choice

A small community has 10 people, each of whom has a wealth of $2,000.Each individual must choose whether to contribute $100 or $0 to the support of public entertainment for their community.The money value of the benefit that a person gets from this public entertainment is .65 times the total amount of money contributed by individuals in the community.

• A)This game has a dominant strategy equilibrium in which all 10 citizens contribute $100 to support public entertainment.
• B)This game has two Nash equilibria, one in which everybody contributes $100 and one in which nobody contributes $100.
• C)This game has no Nash equilibrium in pure strategies, but has a Nash equilibrium in mixed strategies.
• D)This game has a Nash equilibrium in which 5 people contribute $100 and for public entertainment and 5 people contribute nothing.
• E)This game has a dominant strategy equilibrium in which nobody contributes anything for public entertainment.

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Definitions:

CPU Cache

A smaller, faster memory component located inside or close to the CPU that stores copies of frequently accessed data from main memory to speed up processing.

GPU

Graphics Processing Unit, a specialized processor designed to accelerate the rendering of images, animations, and video.

Video Adapter

A hardware device or component that connects to a computer or other display source to generate and output video signals to a display device such as a monitor or projector.

DVI

Digital Visual Interface, a video display interface used to connect a video source to a display device, like a computer monitor.