The total cost (valued in dollars) of skipping practice and going to the fair (including the opportunity cost of time) is $22.
What is an opportunity cost?
According to microeconomic theory, an activity's opportunity cost is the value or gain that is forfeited in exchange for engaging in that activity as opposed to engaging in an alternative activity. Simply put, it means you forfeit the chance to engage in a different activity if you choose one activity (for instance, an investment). The activity that yields the highest return among all others, net of opportunity costs, is the one that is considered to be the ideal activity. You cannot rent out a car, for instance, if you buy it and use it just for personal transportation. However, if you rent it out, you are not allowed to use it for personal transportation. The best option is to drive yourself if the expense of using public transportation exceeds the benefit of hiring a car. Opportunity cost may be expressed in the following way: "Opportunity Cost = (returns on best Forgone Option) - (returns on Chosen Option" The opportunity cost of mowing one's own lawn for a doctor or a lawyer (who might otherwise make $100 an hour if they chose to work overtime during that time instead) would be higher than for a minimum-wage employee (who in the US might earn $7.25 an hour), making the former more likely to hire someone else to mow their lawn for them.
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You work as an assistant coach on the university basketball team and earn $13 per hour. One day, you decide to skip the hour-long practice and go to the county fair instead, which has an admission fee of $9.
The total cost (valued in dollars) of skipping practice and going to the fair (including the opportunity cost of time) is___?
When pitching a company, it is more important to tell a compelling story than provide numerous graphs and data points.
a. True
b. False
When pitching a company, it is more important to tell a compelling story than provide numerous graphs and data points this statement is true.
The definition of "corporation"The English word "company" derives from the Old French word compagnie, which was first used in 1150 and denoted a "society, companionship, intimacy; body of warriors." The Salic law is where the word companio, which meaning "one who eats bread with you," first appeared.
What sets a firm apart from a business?A business is entirely responsible. This indicates that owners may be subject to personal claims from creditors. However, a company is only partially responsible. If the company is sued by creditors, directors or shareholders are not held personally liable.
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Identify which of the following tasks auditors use to obtain an understanding of internal control over accounts payable.
1. use a questionnaire
2. perform a walk-through
3. prepare a flowchart
Auditor methods for understanding internal control over accounts payable include using a questionnaire, conducting a walk-through, and creating a flowchart.
How is it the auditor's responsibility to comprehend the internal control?
By carrying out procedures to comprehend the design of controls relevant to an audit of financial statements and determining whether they have been put into operation, the auditor should acquire an understanding of internal control sufficient to plan the audit.
What steps are taken to learn more about internal control?
The processes and methods that auditors use to obtain sufficient and appropriate audit evidence to render their professional judgment regarding an organization's internal controls' effectiveness are known as audit procedures.
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Full Question = Identify which of the following tasks auditors use to obtain an understanding of internal control over accounts payable. (Select all that apply)
a. make a fictitious purchase
b. review all invoices and supporting documentation
c. use a questionnaire
d. perform a walk-through
e. prepare a flowchart
If the central bank raises the required reserve ratio, the money multiplier and the money supply will change in which of the following ways?Money Multiplier / Money Supply (A) Increase / Increase(B) Increase / Decrease (C) Increase / No change(D) Decrease / No change (È) Decrease / Decrease
(Option B) Increase / Decrease. When the required reserve ratio is increased by the central bank, it reduces the money multiplier, which is the ratio of money supply to the amount of reserves.
Will a higher reserve ratio affect money multiplier & supply?Option B. Increase / DecreaseThe required reserve ratio is the amount of reserves that banks must hold against deposits. When the central bank increases the required reserve ratio, it reduces the amount of money banks can lend for each unit of reserves held. This, in turn, reduces the money multiplier, which is the ratio of money supply to the amount of reserves.
As a result, the money supply decreases despite the increase in the required reserve ratio. In other words, the money supply decreases when the required reserve ratio is increased, creating a decrease / increase dynamic.
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changes in taxes shift the aggregate demand curve equal-sized changes in government purchases. by more than by exactly as much as by less than in inverse proportion to
The overall demand for final products and services in an economy at a certain time is known in macroeconomics as aggregate demand, sometimes known as a domestic final demand.
Effective demand is a common name for it, however other times this term is used to make a distinction. This is a country's demand for its gross domestic output. The total of consumption, investment, government purchases, and net exports at each price level in every period is represented by the aggregate demand curve. Due to the wealth effect on consumption, the interest rate effect on investment, and the impact of global commerce on net exports, it slopes downward.
As the components of aggregate demand—consumption spending, investment expenditure, government spending, and spending on exports minus imports—increase, the aggregate demand curve, or AD curve, moves to the right.
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Sales associates who are paid in a lump sum and who are personally responsible for paying their own taxes are probably treated for tax purposes as?a) employeesb) buyer's agentsc) independent contractorsd) transactional brokers
If Sales associates who are paid in a lump sum and who are personally responsible for paying their own taxes are probably treated for tax purposes as: a) employees.
Who is an employee?An employee can be defined as the person who work for an employer for a salary and this people tend to have have the interest of the company at mind and they as well involve in the day to day operation of a company business.
An employee is responsible for paying their own taxes as their taxes are often deducted from their salary.
Therefore the correct option is A.
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Advergames are either online games created by marketers to promote their products to targeted audiences in an interactive way or ads or product placements inserted into online video games.
TrueFalse
Advergames are either online games created by marketers to promote their products to targeted audiences in an interactive way or ads or product placements inserted into online video games. [TRUE]
About AdvergamesThis is inseparable from the potential of a game that is able to penetrate various demographics and ages. In addition, games are also able to create an interactive platform to communicate with audiences in a way that other traditional media cannot.
Advergame is a form of modern digital marketing, where the term is a combination of two words, namely advertising and games. In advergame, the advertising process is done by placing the brand or product-related information as the central or main feature of a game.
This information can be in the form of logos, product messages or the form of the product itself that is displayed and played in a game.
The definition of advergame according to Agnes Nairn & Haiming Hang (2012) is an electronic game that is used to advertise products, brands or organizations, which can be accessed on social media sites, the company's own website and as downloadable content for applications on mobile devices.
Advergame has two formats, namely the advergame itself and the In Game Advertising format. Advergames have commercial messages embedded in video game content or online electronic games or applications. The above is certainly not done without reason, according to Ryan, Rigby, and Przybylski, online games are the fastest growing form of recreation.
thus opening up opportunities for marketers to market their advertisements in the midst of the rise of online games.
As a media promotion, the way advergames work here is different from TV commercials, where advergames persuade at a subconscious emotional level. This is clear, because promotion through TV media mostly displays messages that want to be conveyed directly and openly so that the audience understands the intent and purpose of the product or brand to advertise, in contrast to advergames.
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Rank each item in the order in which it is considered for making adjustments to a shareholder's adjusted basis in S corporation stock.
-Contributions made to the S corporation
-Share of business income and separately stated items of income or gains
-Distributions to shareholders
-Share of non-deductible expenses
-Share of ordinary losses and separately stated items of loss/expense
When adjusting a shareholder's adjusted basis in S corporation stock, the following should be taken into account in the right order:
Contributions made to the S corporationShare of business income and separately stated items of income or gainsDistributions to shareholdersShare of non-deductible expensesShare of ordinary losses and separately stated items of loss/expenseWhat is Stock?
⇒ Stock, also referred to as capital stock, is the term used to describe all of the shares that make up a corporation's or company's ownership in the financial industry. Each share of stock represents a relatively tiny percentage of ownership in the company based on the total number of shares. After paying off all senior claims, such as secured and unsecured debt, the shareholder (stockholder) will then typically be entitled to that portion of the company's earnings, proceeds from the selling of a company's assets, or the distribution of voting rights, which are often distributed based on the amount of money invested by each stakeholder. Not all shares of stock are created equal; some classes may have been issued with enhanced voting rights, without voting rights, or with a particular priority to receive profits.Any other groups of shareholders are paid out either before or after the liquidation.
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Which of the following payments may be considered alimony?O Cash payment of $600 each month to cease upon the death of the recipient.O Property settlement.O Child support.O Voluntary payments of $500 each month not specified under an agreement.
The following payments may be considered alimony is cash payment of $600 each month to cease upon the death of the recipient.
The Latin word "Alimonia," which means nourishment, is where the word "alimony" first appeared. In general, alimony refers to a payment that a court directs a husband to make to his wife in order to provide for her maintenance.
The most typical type of alimony is short-term maintenance. When the parties were married for a brief period of time (often less than 10 years) or when an ex-spouse needs assistance with regaining independence following divorce, it is frequently favored over long-term alimony.
Depending on the husband's salary, the court would decide the amount of maintenance and give whatever was fair. Permanent alimony may be granted at the moment the decree is rendered or later under Section 37.
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Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by the following equation, where x is the number of units and p is the price in dollars. p = 330 − 0.2x
(a) Find the total revenue from the sale of 500 units. $ _____
(b) Find the marginal revenue at 500 units. $ _____
(c) Is more revenue expected from the 501st unit sold or from the 701st? (which of the following options are true?)
1) The 501st unit and the 701st unit will bring in the same revenue.
2) The 701st unit will bring in more revenue than the 501st unit.
3) The 501st unit will bring in more revenue than the 701st unit.
Total revenue from the sales would be p = 330 − 0.2x, p = 330 - 0.2*500 = 330 - 100 = 230.
What is meant by total revenue?
The whole amount of money a seller may make by providing goods or services to customers is known as total revenue. The formula for this is P Q, or the purchase price times the quantity of the products sold.
An indefinitely elastic demand curve is presented to a corporation that is completely competitive. In other words, the market price is the only price at which it may be sold. At any lower price, it could sell the same quantity at the going rate and yet make more money, but at any higher price, nobody would purchase any quantity. The market price multiplied by the amount that the business decides to manufacture and sell equals total revenue.
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when a monopoly drops the price to sell more units, the revenue received from previously sold units will also decrease. true or false?
True , when a monopoly drops the price to sell more units, the revenue received from previously sold units will also decrease.
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Wildhorse News Manufacturing, Inc. has the following information available for September 2022. Unit selling price of navigational equipment $ 422 Unit variable costs $ 291 Total fixed costs $ 52,400 Units sold 500 (a) Your answer has been saved. See score details after the due date. Prepare a CVP income statement that shows both total and per unit amounts. WILDHORSENEWS MANUFACTURING, INC. CVP Income Statement choose the accounting period Total Per Unit select an income statement item Sales $ enter a dollar amount 211000 $ enter a dollar amount 422 select an income statement item Variable costs enter a dollar amount 145500 enter a dollar amount 291 select a summarizing line for the first part Contribution margin enter a total amount for the first part 65500 $ enter a total amount per unit 131 select an income statement item Fixed costs enter a dollar amount 52400 select a closing name for this statement Net income / (Loss) $ enter a total net income or loss amount 13100 eTextbook and Media Attempts: 1 of 1 used Question Part Score0/5 (b) Compute Wildhorse News
breakeven in units. Breakeven enter the breakeven in units units
BEP 340 units or $193,800 of sales Income Statement: Sales revenue 340 units x $570( 193,800) , Variable Cost 340 units x $456 (155,040), Contribution (38,760), Fixed cost (38,760), Operating income is 0.
What is the breakeven point calculation formula?To calculate the break-even point in units, use the formula below: In sales dollars, the break-even point is calculated as follows: Break-Even Point (in Units) = Fixed Costs (Sales Price Per Unit - Variable Cost Per Unit). Break-Even Point = Contribution Margin - Fixed Costs (in sales dollars).
Why is that moniker given to the breakeven point?The term "break-even point" (BEP) in accounting refers to the situation where a company's revenues and expenses were equal for a specific accounting period. It means the company "broke even," which means there were neither net profits nor losses.
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_____________ have a set dollar goal the fund manager wants to manage. Once the fund has reached that goal, it does not accept new investors.
A closed-end funds have a set dollar goal the fund manager wants to manage. Once the fund has reached that goal, it does not accept new investors.
What Is a Closed-End Fund?Closed-end fund means the mutual fund that issues fixed number of shares through single initial public offering (IPO) to raise a capital for its initial investments. The shares been issued are bought and sold on a stock exchange but, no new shares will be created and no new money will flow into the fund.
In contrast to the fund, an open-ended fund, a mutual funds and exchange-traded funds accepts a constant flow of new investment capital, that is, it issues new shares and buys back its own shares on demand.
Similarly to stock or ETF, closed-ended fund shares fluctuate in price throughout the trading day. However, the closed-end fund's parent company will issue no additional shares and the fund itself won't buy back shares.
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Lack of trust in online sellers is one of the most frequently cited reasons that some consumers are not willing to purchase online.A. TrueB. False
Lack of trust in online sellers is one of the most frequently cited reasons that some consumers are not willing to purchase online. The given statement is True.
What do you know about Online Sellers?
Online sellers are responsible for a variety of tasks. They take pictures of the items and write descriptions for them. They will sell the information and post it online. They compute total purchase amounts, taxes, and fees and shipping fees; accept payments; and send out orders. They also interact with customers to provide answers or solve problems. Many online sellers devote a significant amount of time to their businesses.
promoting their products, either online or offline— via social media, email, and newsletters, advertisements, blogs, or in their neighbourhoods Ann, for example, conducts workshops and speaks in classrooms.
So, the given statement is True.
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Raul Menendez, the CEO of Top Auto, has decided to implement additional outsourcing. To implement the added outsourcing, Mr. Menendez could _____
Raul Menendez, the CEO of Top Auto, has decided to implement additional outsourcing. To implement the added outsourcing, Mr. Menendez could implementing the strategy.
What is outsourcing?Outsourcing is a contract in which one company contracts another company to handle a planned or ongoing operation that is being or might be handled internally. It occasionally entails the transfer of assets and people from one company to another.
Management of human resources, facilities, supply chains, accounting, customer service and support, marketing, computer-aided design, research, content creation, engineering, diagnostic services, and legal paperwork are a few common outsourcing operations.
The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.
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Ordinary repairs and maintenance: 3 Mutiple Choice A) are part of the asset cost of equipment and facilities B) are recorded as expenses C) are always recorded as liabilities D) improve the asset beyond the current accounting period
Ordinary repairs and maintenance are recorded as expenses.
Therefore, Option B is the appropriate option for this question.
What are Ordinary Repairs?Regular repairs are ones that cost money but don't extend an object's lifespan or increase its functionality. As they are incurred, these costs are reported as expenses. The repairs would have been capitalized and added to expenses over time if they had met one or both of the aforementioned criteria.
To sum up, revenue expenditures also include the cost of normal maintenance and repairs needed to keep an asset operational without significantly enhancing or extending its useful life.
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When governments are borrowers in financial capital markets, which of the following is least likely to be a possible source of the funds from a macroeconomic point of view?
A. central bank prints more money
B. increase in household savings
C. decrease in borrowing by private firms
D. foreign financial investors
Answer: A
When governments are borrowers in financial capital markets, the least likely to happen would be that : central bank prints more money . Option a
What is the financial capital market?In the capital market, bonds, stocks, and other financial instruments are bought and sold by buyers and sellers. Participants in the trade include both individuals and institutions. Most securities traded on the capital market are long-term ones.
Stock, bond, currency, and other financial assets are traded in capital markets, which are financial marketplaces that connect buyers and sellers. The stock market and the bond market are examples of capital markets. Securities such as stocks and bonds are among them.
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the change in the quantity of labor demanded resulting from a change in the relative cost of labor is known as the effect
Input substitute is the change in the quantity of labor demanded resulting from a change in the relative cost of labor is known as the effect.
A common strategy for addressing the impact of a change in the mix of inputs used for production from a technical or financial perspective is to employ the elasticities of substitution between inputs. The majority of estimating techniques estimate these elasticities using parametric production, cost, or frontier functions. Flexible inputs are those that can be replaced with or by other inputs during the manufacturing process (such as fishing harvesting). The degree of substitutability increases with input flexibility. The relationship between the change in the ratio of factors utilized in a production process and a specific change in the factor price ratio is known as the elasticity of substitution between factors in production.
A concept of such an elasticity that links changes in overall factor endowments to the consequent change is called an aggregate idea.
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Businesses cite several reasons for using polygraphs to detect lying.Which of the following is one of those reasons?
A)the polygraph is a fast and economical way to verify the information provided by a job applicant.
B)polygraph tests cannot be beaten.
C)the polygraph can reveal with certainty that a person is or is not telling the truth.
D)the polygraph allows companies to increase the number of audits.
Businesses cite several reasons for using polygraphs to detect lying the polygraph allows companies to increase the number of audits. Employers most typically use polygraph testing to look into specific occurrences.
When employees had access to something that was being looked into and there was a good chance that they were involved. Pre-employment (or preclearance) screening, employee screening, and event-specific inquiry are the three main uses of polygraph testing and interviews, as we noted at the beginning of this chapter. The various purposes are reflected in the many types of questions used in polygraph exams. There is no proof that any physiological response pattern is specific to deceit.
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In the U.S., although the number of dairy cows has declined since 1960, production has increased because yield per cow has tripledA. TrueB. False
In the U.S., although the number of dairy cows has declined since 1960, production has increased because yield per cow has tripled.
The statement is true.
Give brief about the production in business.
Production is the process of mixing multiple inputs, both immaterial (such as plans or information) and material (such as metal, wood, glass, or polymers). In a perfect world, this output would be a product or service that is useful to others and has value. Production theory is the branch of economics that concentrates on production; it is closely connected to the consumption (or consumer) theory of economics.
Four Production Factors (Jiang, 2020)
Utilizing the initial inputs productively leads to the manufacturing process and outcome (or factors of production). Land, labour, and capital are regarded as the three major production components and are referred to as primary producer commodities or services. The output procedure does not appreciably change these fundamental inputs,
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Which circumstance would most likely involve a team member engaging in social loafing?
a) when the team is very small
b)when rewards are linked to group performance
c) when individual contributions to a group are identifiable
d) when valuable contributions of individual members are accounted for
e) when performance is evaluated for the individuals, not the group
A circumstance team member engaging in social loafing when performance is evaluated for the individuals, not the group
What is social loafing?Generally, The psychological phenomenon known as social loafing is the perception that members of a team would perform less work when they are in a group environment.
According to the theory of the social loafing effect, when people are evaluated as part of a group, they do not pull their own weight socially.
In the field of social psychology, the phenomenon known as "social loafing" refers to the tendency of individuals to put forth less effort to accomplish a task when they are part of a group as opposed to when they are working alone.
It is considered to be one of the primary reasons why the combined performance of the members of a group functioning as individuals is sometimes less productive than the performance of the group as a whole.
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Which of the following are true of Impressionism?*It developed in parallel with Symbolist movement in poetry.*It was rebuffed by the academic salons of Paris.*It is mainly an Italian art form.*It was initially a term denoting scorn of the new style.Answer:*It developed in parallel with the Symbolist movement in poetry.*It was rebuffed by the academic salons of Paris.*It was initially a term denoting scorn of the new style.
The term "Impressionism" refers to a painting movement that originated in France in the middle to late 19th century.
Characteristics of the movement include unblended color, an emphasis on the accurate representation of natural light, and small, visible brushstrokes that offer the bare impression of form. Impressionists rejected traditional subjects and embraced modernity in their quest to produce art that accurately captured their time. What connected them was an emphasis on how color could describe a moment in time rather than black lines.
The Impressionist movement was named after Claude Monet's 1874 painting Impression, Sunrise (Musée Marmottan Monet, Paris), which the critic Louis Leroy claimed was only an "impression" and not a full work of art.
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laura begins talking to a venture capitalist and tells him of her 10-year background in insurance and the pain points she discovered while working there. this is an example of: bragging marketing establishing credibility sales
Laura begins talking to a venture capitalist and tells him of her 10-year background in insurance and the pain points she discovered while working there. This is an example of establishing.
Venture capitalists make money in two approaches. the first is a management fee for dealing with the company's capital. the second one has carried a hobby on the fund's return on funding, generally referred to as the “convey.”
A hit VC for a pinnacle-tier company can count on to earn someplace between $10 million and $20 million a year. The very fine make even extra. most each person who has attained any sort of fulfillment in Silicon Valley appears to dream of turning into venture capitalist.
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Short-run and long-run effects of a shift in demand Suppose that the tofu industry is initially operating in long-run equilbrlum at a price level of 55 per block of tofu and quantity of 175 milion blocks per year. Suppose a top medical journal publishes research that animal-alternative protein sources such as tofu could increase your expected lifespan by 3 years. The publication is expected to cause consumers to demand tofu at every price, In the short run, firms will respond by
The short run demand is a time period wherein the quantity of at least one input is fixed and the quantities of the opposite inputs can be varied. The long run is a period of time wherein the quantities of all inputs may be numerous.
The short run is the length at some point of which some inputs are constant and unchangeable, even as others are variable. The long term is the duration throughout which all inputs are variable. for example, imagine a employer, nice Bats, that makes wooden baseball bats. within the short run, excellent Bats has fixed in addition to variable inputs.
The long run is a time period in which all factors of manufacturing and costs are variable. in the end, companies are capable of regulate all costs, whereas within the short run firms are best able to influence costs through adjustments made to manufacturing stages.
Lengthy-time period call for forecasting is accomplished for greater than a yr. This allows identify and plan for seasonality, annual patterns, manufacturing ability, and enlargement over a longer period of time. This drives lengthy-term business approach (e.g., plans to release a facility or keep the world over and extend into new markets).
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When using residual income as a project-screening tool, management should accept a project if the residual income is: Multiple Choice O negative. O equal to the ROI. O positive. O greater than net Income.
Management should approve a project if the residual income is positive when utilizing residual income as a project-screening technique.
A project or investment that generates positive residual income is lucrative. By estimating and comparing residual revenues for several possible projects or investments, businesses may decide how to effectively deploy their financial resources.
According to managerial accounting, a company's residual income is the amount of operational profit left over after covering all capital expenses used to produce revenues. The amount of profit beyond the needed rate of return is often referred to as the company's net operating income.
Because it is one of the numbers that banks and lenders consider before authorizing loans, residual income is a crucial measure. It assists the institutions in determining if a person makes enough money to cover his costs and obtain a second loan.
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a central bank acts to decrease the money supply in an effort to control an economy that is expanding too quickly. is the meaning of?
Contractionary monetary policy occurs when a central bank acts to decrease the money supply in an effort to control an economy that is expanding too quickly.
What is Contractionary monetary policy?
An expansionary monetary policy, also referred to as a loose monetary policy, lowers interest rates and encourages borrowing. Contrarily, a contractionary or restrictive monetary policy is one that increases interest rates while lowering economic borrowing.
The Fed offers these Treasurys for sale to the member banks in order to carry out a contractionary policy. The bank's credit on its records is decreased because it must pay the Fed for the Treasurys. Banks are consequently less able to lend money. They impose a higher interest rate since they have less money to lend.
In order to prevent inflation, contractionary monetary policy attempts to reduce economic growth or even cause the economy to contract.
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After dissolution, partners still have authority to do which of the following actions on behalf of the partnership? Choose 2 answers. A. pay the debts of the partnership B. take out a loan to pay creditors C. sign a contract to perform a service in the ordinary course of business D. complete transactions that were started before dissolution
After dissolution, partners still have the authority to pay the debts of the partnership of the following actions on behalf of the partnership.
partnershipA partnership is a legal agreement between two or more people to manage and run a business and share profits. There are several forms of partnership agreements. In a partnership business, for example, all partners share liabilities and profits equally, whereas, in others, partners may have limited liability. There is also the "silent partner," who is not involved in the day-to-day operations of the business. A general partnership is made up of two or more proprietors who work together to operate a firm. In this arrangement, each partner has equal representation of the firm. All partners have the right to govern the firm and can participate in management operations and decision making. Profits, debts, and obligations are also equitably shared and split.
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two dry cleaners are considering what special offer to do this week. their payoff's in the form of profits are given in the game matrix below.
The Nash equilibrium of the game is $8000 , $6000 (Dresses , shirts). The player 1 chooses dresses & the player 2 chooses shirts .
Give a brief account on Nash Equilibrium.The most popular technique to determine the outcome of a non-cooperative game involving two or more participants in game theory is the Nash equilibrium, which bears the name of the mathematician John Nash. In a Nash equilibrium, each player is supposed to be aware of the equilibrium strategies of the other players, and changing one's own strategy offers no advantages. The concept of Nash equilibrium has been around since Cournot used it to explain how rival enterprises choose their outputs in 1838.
To solve the question :
Step 1
Player 1 always picks dresses because he has a dominant strategy for them throughout the game. Player 2 has two choices if Player 1 picks dresses. He has the option of receiving $5000 for pants or $6000 for shirts.
He will therefore choose the shirt because it offers a better return. Therefore, the Nash equilibrium will include dresses, shirts, player 1 getting paid $8000, and player 2 getting paid $6000.
Coats and pants would be the strategies if dry cleaners collude.
The downtown cleaners will have the incentive to switch their strategy to dresses .
Step 2
Coats and pants will be the plan if the dry cleaners collude.
As a result, the uptown cleaners will receive a bigger payoff than the Nash equilibrium while the cleaners in the downtown will receive the same payoff as the Nash equilibrium.
Downtown cleaners will be encouraged to switch to dresses since they will benefit more financially from doing so. By upgrading to dresses, they may increase their present strategy's $8000 profit to $9000.
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The complete question is mentioned below :
Two dry cleaners are considering what special offer to do this week. their payoff's in the form of profits are given in the game matrix below.
What is Nash Equilibrium?
O {$8,000 ; $6,000}
O This game has multiple NE
O ($9,000 ; $5,000}
O ($8,000 ; $7,000}
O (dresses; shirts)
O (dresses; pants)
O {$6,000 ; $5,000}
O (coats ; pants)
O (coats ; shirts)
O This game has no NE
If the dry cleaners collude, the strategies would be
O (dresses ; shirts)
O (coats; pants)
O (dresses ; pants)
O (coats ; shirts)
However, even if collusion wasn't illegal, this outcome is not an equilibrium because Downtown Cleaners would have the incentive to switch their strategy to
O coats
O dresses
Which one of the following is the type of risk that only affects either a single firm or just a small number of firms?
A. unexpected
B. market
C. systematic
D. unsystematic
E. expected
Unsystematic(OPTION C).one of the following is the type of risk that only affects either a single firm or just a small number of firms. Unsystematic risk is also referred to as specific risk, which refers to threats particular to a given business or sector.
These dangers sector, however, do not simply affect one company at a time. For instance, the stock price of a single company can be specifically at risk due to a bad manager. Unsystematic risk is the possibility that a danger at the corporate or industry level will lead to a catastrophic collapse. The risk that the entire market carries, which can be attributed to a variety of economic, sociopolitical, and market-related events, is known as systematic risk.
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Day-to-day trading practices of securities firms currently may be regulated by which of the following? 1. FINRA II. SEC III. Federal Reserve IV. SIPC Select one: O a. Tonly O b. ll only O c. I and II only O d. I and Ill only O e. I and IV only
Day-to-day trading practices of securities firms currently may be regulated by only I.
What do you mean by trading ?Trading entails active participation in the financial markets as opposed to investment, which takes a buy-and-hold strategy. The primary difference between an investor and a trader is how long they hold onto an asset. Buying and selling equity on the short-term for an institution or for one's own gain is what is known as trading. You can become wealthy through stock trading or day trading, and there are many examples of successful day traders, but doing so requires a thorough understanding of the market, in-depth knowledge of principles, as well as your psychology and the ability to control your emotions. The disadvantages of trading. A requirement for success in trading is the capacity of a trader to be profitable over the long run.
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in the keynesian model, a $1 billion increase in autonomous consumption leads to in short-run equilibrium output. multiple choice a greater than $1 billion increase a $1 billion increase no change none of the other answers are correct. a $1 billion decrease
A greater than $1 billion decrease Due to the income-expenditure multiplier, a $1 billion decrease in autonomous consumption results in a final decrease in output greater than $1 billion.
What do you mean by consumption ?The usage of products and services by a household is referred to as consumption. It is a factor in determining the Gross Domestic Product (GDP). Consumption is frequently used by macroeconomists as a stand-in for the entire economy. A financial analyst would consider the consumer trends in the company's industry when appraising the business. It is a crucial stage because it aids the analyst in understanding the financial model's assumption section. This economic indicator is used by macroeconomists for two reasons. The first step is to determine the total amount of savings in each family; savings are defined as the amount of income not spent on goods and services. The total amount of savings in the economy contributes to the nation's capital supply.
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