(See Problem 3

question 12

Multiple Choice

(See Problem 3.) Two players are engaged in a game of "chicken." There are two possible strategies, Swerve and Drive Straight. A player who chooses to Swerve is called "chicken" and gets a payoff of zero, regardless of what the other player does. A player who chooses to Drive Straight gets a payoff of 84 if the other player Swerves and a payoff of -36 if the other player also chooses to Drive Straight. This game has two pure strategy equilibria and

• A) a mixed strategy equilibrium in which each player swerves with probability 0.30 and drives straight with probability 0.70.
• B) two mixed strategies in which players alternate between swerving and driving straight.
• C) a mixed strategy equilibrium in which one player swerves with probability 0.30 and the other swerves with probability 0.70.
• D) a mixed strategy in which each player swerves with probability 0.15 and drives straight with probability 0.85.
• E) no mixed strategies.

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Definitions:

QBO Mobile

The mobile application version of QuickBooks Online, designed for managing finances and accessing QuickBooks features on-the-go.

FICA

The Federal Insurance Contributions Act, which is a U.S. law that requires a payroll deduction for Social Security and Medicare.

FUTA

Stands for the Federal Unemployment Tax Act, a United States federal law that imposes a payroll tax on businesses to fund state workforce agencies.

Unemployment Taxes

Taxes paid by employers on the wages of their employees, which fund unemployment compensation programs.