Consider five students, {1,2,3,4,5}, applying for five summer internship positions with five different firms, {A, B, C, D, E}. Each student applies for exactly one internship. The firms all rank the students in numerical order: each firm selects at most one student, and will always select a lower-numbered student over a higher-numbered student if more than one student applies for its internship. Since the firms always select in this way, we do not view them as strategic participants in this game. The students all rank the firms in alphabetical order, so each student i's payoff from getting the internship with firm X ∈ {A, B, C, D, E, }, where indicates not getting any internship, is

vi(X)= 5 if X=A
4 if X=B
3 if X=C
2 if X=D
1 if X=E
0 if X= ∅

So the game proceeds: Simultaneously, each student chooses which internship to apply for, then each firm that receives at least one application selects exactly one student for its internship.

a. For Student 1, which pure strategies are strictly dominated?
b. For Student 2, is applying for internship E a dominated strategy in the game?

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is: