At this equilibrium, player 1's best response to player 2's strategy is Western City since it yields a higher payoff than Eastern City. Similarly, player 2's best response to player 1's strategy is Eastern City since it yields a higher payoff than Western City.
Part 1:
1. Payoff matrix for the simultaneous move game of player 1 and player 2:
2. To find if there is a dominant strategy for each player, the best response of each player must be calculated for each of their possible strategies.
The dominant strategy of a player is the strategy that will yield the highest payoff for a player regardless of the strategy chosen by the other player. Since the best response of player 1 is different for the two strategies chosen by player 2, player 1 does not have a dominant strategy.
Similarly, since the best response of player 2 is different for the two strategies chosen by player 1, player 2 does not have a dominant strategy.
3. The Nash equilibrium is the combination of strategies of both players, where neither player has an incentive to unilaterally change their strategy. The Nash equilibrium occurs at (Eastern City, Eastern City) with a payoff of ($30,000, $50,000). At this equilibrium, player 1's best response to player 2's strategy is Eastern City and vice versa.
Part 2:1. Game tree for the sequential move game of player 1 and player
2:2. To find the equilibrium payoff of the sequential move game, the subgame perfect Nash equilibrium (SPNE) must be identified. The SPNE is a combination of strategies that represent a Nash equilibrium at every decision node in the game tree. From the game tree, the SPNE is (Western City, Eastern City) with a payoff of ($40,000, $30,000).
At this equilibrium, player 1's best response to player 2's strategy is Western City since it yields a higher payoff than Eastern City. Similarly, player 2's best response to player 1's strategy is Eastern City since it yields a higher payoff than Western City.
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why planning is important before starting a business?
Answer:
So you can get ready to know 'how to make your business good'
If you don't plan, then you'll forget to setup something is may be important
Explanation:
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HIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII WHATS BEING SMART
Answer:
what do you mean lol???????
Answer:
Being smart is something you are capable of.
Explanation:
What was Sara Blakely featured in Forbes magazine for?
Answer:
when she became the youngest self made woman billionaire in the world
Explanation:
Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $400 (credit) before adjustment. The balance of Accounts Receivable is $15,000. The company estimates that 10% of accounts will not be collected over the next year. What adjustment would Mercy Cosmetics record for Allowance for Uncollectible Accounts?
Credit Bad Debt Expense $1,100 adjustment will bring the balance of Allowance for Uncollectible Accounts to a more accurate reflection of the potential uncollectible accounts.
Mercy Cosmetics would need to make an adjusting entry to increase their Allowance for Uncollectible Accounts balance to reflect the estimated 10% of accounts that will not be collected over the next year.
The estimated amount of uncollectible accounts can be calculated as $15,000 x 10% = $1,500.
Since the balance of Allowance for Uncollectible Accounts is currently at $400 (credit), the adjusting entry would be to debit the account by $1,100 ($1,500 - $400) to increase the balance to $1,100 (debit).
The journal entry to record this adjusting entry would be as follows:
Debit Allowance for Uncollectible Accounts $1,100
Credit Bad Debt Expense $1,100
This adjustment will bring the balance of Allowance for Uncollectible Accounts to a more accurate reflection of the potential uncollectible accounts, ensuring that the company's financial statements are more reliable.
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The ability to understand people is ____ to the success of cosmetologist.
Answer:
Customer service
Explanation:
Hope this helps~! :D
What does the concept of scarcity explain?choose three answers
The concept of scarcity explains:
why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy a single resource has more value than another resource.Scarcity as an economic idea "refers back to the basic reality of lifestyles that there exists most effective a finite quantity of human and nonhuman resources which the first-rate technical expertise is capable of the usage of to provide most effective restricted most amounts of each economic appropriate. shortage in economics refers to whilst the call for for a resource is greater than the deliver of that aid, as assets are limited. shortage consequences in purchasers having to make selections on how high-quality to allocate assets a good way to satisfy all simple needs and as many desires as feasible. shortage refers back to the confined availability of a useful resource in contrast to the infinite desires. shortage may be with appreciate to any natural assets or with admire to any scarce commodity. scarcity can also be called paucity of sources.
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Answer:
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why a single resource has more value than another resource.
Explanation:
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
(i took the test)
if part of the labor force is unemployed, the foregone goods and services are_____
In the following question, in the missing blank, If part of the labour force is unemployed, the foregone goods and services are "lost."
What happens when a part of the labour force is unemployed? When part of the labour force is unemployed, it is referred to as "underemployment." The labour force is the total number of people who are currently employed and those who are actively looking for work. When people are employed, they produce goods and services, which contributes to economic development. When people are unemployed, they are unable to contribute to economic growth and development.
What are foregone goods and services? The goods and services that would have been produced if the unemployed workers were employed are referred to as foregone goods and services. When people are employed, they produce goods and services, which contributes to economic development. When people are unemployed, they are unable to contribute to economic growth and development.
The foregone goods and services are lost because unemployed people are unable to produce them. They are unable to contribute to the economy, and as a result, the economy is harmed. In other words, when a part of the labour force is unemployed, the foregone goods and services are lost.
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Discuss the role of the father in attachment theory
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
When was the first convention center built?
Answer:
1851
Explanation:
hope this helps :)
Answer:
1851
Explanation:
Among the first historical convention centres constructed was The Crystal Palace in London's Hyde Park. Providing 92,000 m2 of exhibition space, the building was erected in 1851 to house The Great Exhibition a grand show case of modern industrial technology and design
One friend asks you to go to
the movies and the other
asks you to go to the park.
What is the opportunity cost
if you choose to go to the
park? Explain why
1. Assume Towne Center Art Museum (which has a December 31st year end) received the following contributions in 2017. Prepare journal entries to record these events and any year-end adjusting journal entries resulting from the events.
a. Unrestricted pledges of support were received in the amount of $280,000. All of these are due within the year and it is estimated that 6% will ultimately prove to be uncollectible.
b. 600 Memberships were sold to the public in the amount of $40 each. Membership provides the individual with a monthly magazine and other benefits. The estimated fair value of member benefits is $15. The member year runs from July 1 to June 30.
c. A local carpenter donated supplies and labor with values of $25,000 and $20,000 (respectively) to construct a new exhibition area. Fixed assets are classified as unrestricted net assets.
d. On April 1, 2017, a local businessman made a pledge payable in a future period. The pledge is restricted in purpose and has a present value of $105,000 (effective interest rate of 6%).
2. FASB Statement 136 Transfer of Assets to a Not-for-Profit Organization or Charitable Trust that Raises or Holds Contributions for Others provides guidance on how intermediary recipient organizations should record receipt of resources held for others. Briefly describe the issue and how such transfers should be recorded.
a. To record the receipt of unrestricted pledges of support:
Dr. Cash $262,400 ($280,000 x 94%)
Cr. Unrestricted Support $262,400
To record the estimated uncollectible amount:
Dr. Bad Debt Expense $17,600 ($280,000 x 6%)
Cr. Allowance for Doubtful Accounts $17,600
b. To record the sale of memberships:
Dr. Cash $24,000 (600 x $40)
Cr. Unrestricted Support $9,000 (600 x $15)
Cr. Deferred Revenue $15,000 (600 x ($40-$15))
c. To record the donation of supplies and labor:
Dr. Exhibition Area Construction $45,000 ($25,000 + $20,000)
Cr. Unrestricted Support $45,000
d Dr. Pledge Receivable $105,000
Cr. Contribution Revenue - Restricted $105,000
To record the present value adjustment:
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Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUCompetition and prices act as regulators of production in HELP ASAP
a command economy
a democratic economy
a market economy
a traditional economy
Answer:
A market economy
Explanation:
A market economy is better, since you will have a lot of food to sell, naybe you go higher when its poular around the areas
Do you believe the government should play a role in speeding up or slowing down the economy
Answer:
Yes I do believe they should because it is important to speed up economy's rate of growth
please please.pleas help me
What are the advantages and disadvantages of consulting
NO LINKS!!!
Answer:
Advantages of Being a Consultant:
You can learn many skills
Consulting allows you to build a powerful network
You get responsible tasks from the beginning
Perfect if you like to travel
You learn to work with the latest technologies
You can work in project teams
Consulting allows you to see many new things
You can work with many clients
Continuous training
You can work with other motivated people in consulting
Consulting teams support each other
You work on demanding projects
Good for your CV
You learn how to deal with stress
Consultants can earn pretty good money
Great exit options
You can work on many projects
Consulting never gets boring
Explanation:
Disadvantages of Being a Consultant:
Pressure in consulting can be high
Strict deadlines are a problem
You will be pushed to your boundaries
Consulting can imply working long hours
You may be away from home during the week
Being a consultant can be lonely
Some people develop mental issues
No real work-life balance
Problematic in case you have children
You have to represent the company
Many of your colleagues will leave
Insecurity regarding what comes next
Great swings in workload
Unsatisfying outcomes
Success greatly depends on the project manager
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
The price, which may be in the form of money, a promise, or a performed act, is known as a(n)?
The price, which may be in the form of money, a promise, or a performed act, is known as a consideration.
What is consideration?Consideration is the exchange of a promise for anything of value, usually in the form of commodities, cash, or an act, from the promisor to the promisee.Consideration is defined as giving someone or something careful thought, attention, or a sympathetic regard.A person choosing between two supper alternatives is an illustration of deliberation.Another illustration of consideration is when a friend of yours who recently had a baby is invited to dinner.The term "consideration" refers to anything of value that is promised by one party to the other when entering into a contract. For instance, if A forms a contract with B to purchase a car from B for $5,000, A's consideration is the $5,000, and B's consideration is the car.
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Jim had a car accident in 2021 in which his car was completely destroyed. At the time of the accident, the car had a fair market value of $30,000 and an adjusted basis of $40,000. Jim used the car 100% of the time for business use. He received an insurance recovery of 70% of the value of the car at the time of the accident. If Jim's AGI for the year is $60,000, determine his deductible loss on the car.
Answer:
3000 dalers oost
Explanation:
What was the purpose of the pandemic influenza Strategic Plan?
These strategies attempted to halt, restrict, or otherwise limit the spread of a pandemic to the United States, while also limiting domestic spread, minimizing sickness, misery, and mortality, and sustaining infrastructure and neutralizing the consequences on the economy and society as a whole.
What is the most prevalent cause of influenza?The flu causes severe damage to the lungs, nose, and throat. The most vulnerable include young children, the elderly, pregnant women, and those suffering from chronic conditions or with compromised immune systems. Symptoms include fever, muscle discomfort, cough, congestion, headaches, and fatigue. Rest and water are common flu remedies because they allow the body to combat the sickness on its own. Anti-inflammatory pain medicines sold over-the-counter may aid with symptoms. A annual flu vaccination can aid in both prevention and treatment of the flu. The flu is caused by influenza viruses infiltrating the nose, throat, and lungs. When people with the flu cough, sneeze, or talk, virus droplets are released into the air and perhaps into the mouths or noses of others around them.
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According to Herzberg, which group of motivational factors would give employees the most satisfaction
Answer:
Explanation:
According to Herzberg, which group of motivational factors would give employees the most satisfaction
A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn. True or false?.
A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn - this statement is true.
What are absolute advantage and comparative advantage?Comparative advantage is when a country produces a good or service for a lower opportunity cost than other countries. Opportunity cost measures a trade-off. A nation with a comparative advantage makes the trade-off worth it. Absolute advantage, economic concept that is used to refer to a party’s superior production capability. Specifically, it refers to the ability to produce a certain good or service at lower cost. Comparative advantage is concerned with producing at a lower opportunity cost Having absolute advantage doesn’t necessarily mean an economy should produce that good. It is not advisable to try and produce everything.
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A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn - this statement is true.
What are absolute advantages and comparative advantages?Comparative advantage exists when a country produces a good or service for a more subordinate opportunity cost than other countries. Opportunity cost estimates a trade-off. A nation with a comparative benefit creates the trade-off worth it. Absolute advantage is an economic concept that exists utilized to refer to a party’s superior production capability. Specifically, it directs to the ability to produce a particular good or service at a lower cost.
Comparative advantage exists concerned with producing at a lower opportunity cost Having absolute advantage doesn’t necessarily indicate an economy should produce that good. It is not advisable to try and produce everything. Absolute Advantage: The ability of an actor to produce better of a good or service than a competitor. Comparative Advantage: The capability of an actor to produce a good or service for a lower opportunity cost than a competitor.
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In international trade jargon, constant-cost production-possibility curves are associated with ________ specialization, while increasing-cost production-possibility curves are associated with ________ specialization.
a. complete
b. nopartial
c. completecomplete
d. partialno
e. partial
Answer:
For 1st e and for 2nd b
Explanation:
I don't remember correctly
what does food with a use-by date on it mean?
Answer:
A “Use-By" date is the last date recommended for the use of the product while at peak quality. It is not a safety date except for when used on infant formula as described below. A “Freeze-By” date indicates when a product should be frozen to maintain peak quality. It is not a purchase or safety date.
Explanation:
All of the following are characteristics of a good screen test except?a. Should be comprehensive b. Users do not participate at this preliminary stage c. Every statement should be executed d. Expected output from the module's execution should be determined manually
Option -B : Users do not participate at this preliminary stage are except characteristics of a good screen test .
A quality screen test should be thorough, which means it should cover every significant component of the programme module under evaluation. In order to completely test the code and find any faults or problems, it should also make sure that every statement is run. The expected output from the module's execution should be established, either automatically or manually, in order to analyse and compare the test results to the anticipated results.
User involvement is a crucial component of software testing and need to be integrated as early as feasible in the development cycle.
Participating users in testing may offer insightful feedback and aid in finding any problems that can negatively affect the user experience.
Participating users in testing can also assist to increase trust .
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If you buy a new video game , you cannnot pay your cell phone bill . This example of
Answer:
Explanation:
This situation can be considered an example of a trade-off or opportunity cost. A trade-off occurs when you have to give up one thing in order to gain or prioritize another. In this case, choosing to buy a new video game means sacrificing the ability to pay your cell phone bill. You have to make a decision and allocate your limited resources (money) between different options, and choosing one option means forgoing the benefits or costs associated with the other option.
If you have a favorable sales volume variance, what must be true?.
Answer:
higher actual revenue than the standard revenue
Explanation: