Games

question 70

Multiple Choice

Games:

• A) only have one outcome possible.
• B) with noncooperative equilibriums are always negative-negative outcomes.
• C) may have several stable outcomes.
• D) must have a dominant strategy present to reach a stable equilibrium.

---

Definitions:

Direct Labor Costs

The total expenses incurred from the labor directly involved in the production of goods or services, distinct from indirect labor costs such as maintenance and supervision.

Factory Overhead

Any expenses related to production that do not include direct materials or direct labor costs.

Debit Balance

Occurs when the total of debits in an account exceeds the total of credits, usually indicating assets or expenses.

Direct Labor Costs

Costs related to the workforce directly engaged in creating goods or services.