John and rebecca are playing an ultimatum game where john is given $100.00 and asked to propose a way of splitting it with rebecca. when rebecca learns john’s proposal, she chooses whether to accept or reject the split. if rebecca accepts the split, both players receive the money according to john’s split proposal. if rebecca rejects the split, both players receive nothing. this game will be played only once, so john does not have to worry about reciprocity when making his choice. suppose that john proposes a split such that john will receive $99.99 and rebecca will receive $0.01. traditional economic theory predicts that rebecca will:

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.