Finding dominant strategies is often a very way of analyzing a game. Consider the following game: Microsoft and Apple are the two firms in the market for operating systems. Each firm has two strategies charge a high price or charge a low price (payolls: Microsoft, Apple). What (if any) is the dominant strategy for each firm? A. Choosing low is a weakly dominant strategy for Apple. B. The dominant strategy is for Apple to choose low and Microsoft to choose high. C. Choosing low is a weakly dominant strategy for Microsoft. D. Choosing high is a weakly dominant strategy for Apple. Is there a Nash equilibrium? A. Yes. Apple and Microsoft both choose low. B. No. because Apple is indifferent between choosing high and low. C. Yes. Apple chooses low and Microsoft chooses high. D. Yes. Apple and Microsoft both choose high

Answers

Answer 1

Answer:

Answer: Option A -- Choosing low is a weakly dominant strategy for Apple.

Explanation: Dominant strategy in a game theory can be defined as the course of action that occurs when one strategy/player is better than the other strategy/player regardless of what the other player does or how well the other player may play. dominant strategy is all about a player who has the highest favours in a game. Considering the above matrix, we know that Apple has the dominant strategy. And for apple to choose low is a weakly dominant strategy for it.

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Which of the following is a characteristic of money?indivisibility
variation
limited life
limited supply

Answers

Answer:Limited supply

Explanation:

Money refers to an item which can serve the purpose of exchange i.e a medium of exchange and must be accepted by the society.

Money is limited in supply. It has to be limited in supply in order to have value. Hence, the supply of money which includes cash, money or deposit in the bank, coins and so on in a given country is regulated by the Central Bank of the country.

The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability. Limited supply is your answer.

Justify the reasons why businesses use team dynamic theories to understand team performance

Answers

Team dynamic theories are now being utilized to determine team performance because it evaluates how well the team members interact with each other. How they coordinate and exchange ideas with each other are determinants that measure their potential as a team.

Marco has noticed that as older adults purchase tablets, they do not know much about how to use them and are frequently aggravated. He decided he could earn a nice profit by developing courses and offering one-on-one help to aid his customers in overcoming their deficiencies. Although the business struggled at first, he is experiencing a good deal of success now. Marco has many satisfied customers, and the business has grown to the point where he now employs several workers, some of whom were previous clients. Marco's experience is an example of _________.

Answers

Answer:

Invisible Hand Concept

Explanation:

Based on the information provided within the question it can be said that in this scenario Marco's experience is an example of the Invisible Hand Concept. This concept describes the social benefits of an individual's actions. Such is Marco's experience in since he created the business in order to solve a problem, which he managed to accomplish and by doing so helped older adults with their problem and created job opportunities for various other individuals.

Final answer:

Marco's experience is an example of entrepreneurship, where he identified a need in the market and created a successful business around it.

Explanation:

Marco's experience is an example of entrepreneurship. He identified a need in the market, developed a solution, and created a successful business around it. Despite initial struggles, Marco's dedication to providing courses and one-on-one help to older adults who were unfamiliar with tablets led to growth and success for his business. This story highlights the importance of recognizing opportunities and taking the initiative to pursue them.

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A company had net income of $259440. Depreciation expense is $23920. During the year, accounts receivable and inventory increased $13800 and $36800, respectively. Prepaid expenses and accounts payable decreased $1840 and $12880, respectively. There was also a loss on the sale of equipment of $15640. How much cash was provided by operating activities

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Answer:

Net cash flow from operating activities $237,360

Explanation:

The computation of the cash was provided by operating activities

Net income $259,440

Add: depreciation expense $23,920

Less: Increase in account receivable -$13,800

Less: increase in inventory -$36,800

Add: Decrease in prepaid expense $1,840

Less: decrease in account payable -$12,880

Add: loss on sale of equipment -$15,640

Net cash flow from operating activities $237,360

a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price. as a result of this technological change, equilibrium output in this market question 61 options: a) decreased by 60 units. b) decreased by 30 units. c) increased by 60 units. d) increased by 30 units.

Answers

When a technological advance lowers production costs, the result is that equilibrium output in this market is c) increased by 60 units.

What is equilibrium output?

A market arrives at an equilibrium output when the aggregate expenditure equals the national income or output.

At the equilibrium output, aggregate demand (consumption and investment) equals aggregate supply or output.

Thus, the correct option that shows the effect on the equilibrium output of a technological advance lowering production costs is Option C.

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The answer is c) increased by 60 units. When there is a technological advance that lowers production costs, it becomes cheaper for producers to produce each unit of the product. This means that they are willing and able to supply more of the product at each price. As a result, the supply curve shifts to the right. The intersection of the new supply curve and the demand curve determines the new equilibrium output. Since the quantity supplied increases by 60 units at each price, the equilibrium output will also increase by 60 units. Therefore, the correct option is c) increased by 60 units.

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Equilibrium is defined when supply is limited and demand decreases. supply and demand meet. demand is higher than supply. supply is higher than demand.

Answers

The correct option is answer B. Equilibrium is defined when supply and demand meet. This means that equilibrium is a point at which the quantity that is being demanded is equal to the quantity that is being supplied. A shortage or excess occurs when demands are higher or demands are lower respectively with respect to the supplies.

Equilibrium is defined when: supply and demand meet.

What is Equilibrium?

Equilibrium can simply be defined as the equilibrium point where both supply and demand meet.

When the number of goods a producer supplied to the market equal the products consumers or buyer demand in the market this means that supply and demand meet.

Based on this their will be no excess because the quantity supplied to the market is the quantity that consumer demanded in the market.

Inconclusion Equilibrium is defined when: supply and demand meet.

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