{{ extends 'global/Page.html' }}
{{ block title }}Manager Instruction{{ endblock }}

{{ block content }}

Your role in this study is <u><b>a Manager</b></u>. 

<br>
<br>
As a manager, you submit a budget report to the headquarters to request funding for the upcoming production. The headquarters knows that the maximum product cost is 8 dimra per unit. As long as the budgeted cost per unit stays at or under 8 dimra, your budget will be automatically approved. You receive a salary of 1,000 dimra, you also keep the difference between the funds received (that is, the budgeted cost) and the actual cost, for a payoff function of 
<p style="text-align: center;">
  γ = 1,000 + [<i>reported unit cost</i> − <i>actual unit cost</i>] × 1,000 
</p>


<br>
<p>For example, if the actual unit cost is 5, and you report a budget of 6, your payoff will be 1,000 + (6-5) ×1,000 = 2,000
</p>
The headquarters will receive the net profits after the cost of production. 
<br><br>Before submitting your budget, you will receive additional cost information. 


{{ next_button }}

{{ endblock }}