Use the Following to Answer Questions

question 200

Multiple Choice

Use the following to answer questions :
Figure: Prisoners' Dilemma for Thelma and Louise
-(Figure: Prisoners' Dilemma for Thelma and Louise) Use Figure: Prisoners' Dilemma for Thelma and Louise.Thelma and Louise are arrested and jailed for murder.Given the payoff matrix in the figure,the optimal behaviour for Thelma and Louise to minimize their joint sentence is for Thelma _____ and for Louise ____.

• A) to confess;not to confess
• B) to confess;to confess
• C) not to confess;to confess
• D) not to confess;not to confess

---

Definitions:

Weighted-Average Method

An inventory costing method that assigns an average cost to each item in inventory, calculated by dividing the total cost of goods available for sale by the total units available for sale.

Equivalent Units

A concept used in cost accounting to express the amount of work done on units of production in terms of fully completed units.

Conversion Costs

The costs required to convert raw materials into finished products, typically including labor and overhead.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all goods available for sale.