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2 years ago

Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.

Business

1 answer:

Romashka-Z-Leto [24]2 years ago

8 0

a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices.

(demand curve)

b. College students rush and buy discount furniture to take advantage of an unexpected price drop.

(Shift of a demand curve)

c. College students purchase many more energy drinks during finals week than during the rest of the semester.

(Demand curve)

d. Students eat out more often as the federal government increases how much grant money it provides students.

(Shift or a demand curve)

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The normal-form game box below outlines a generic game for two players to illustrate basic principles. Each player has two strat

tatiyna

Answer:

1. c) b>d

d) c>g

2. No dominant strategy equilibrium is also a Nash equilibrium.

Explanation:

Payoff matrix are used in business as it represent the possible outcomes of the decisions made. In the given scenario player 1 and player 2 have different outcomes based on the game matrix. The player 1 will get best possible payoff when he falls in Top Left matrix. This is dominant strategy which must be Nash equilibrium.

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2 years ago

While establishing an overall picture of process output over time, the team plots a chart based on the data available. The plott

kvv77 [185]

Answer: None of the answers

Explanation:

The options to the question are:

A) The control limits are too tight

(B) The control limits are acceptable

(D) None of the answers.

According to the seven run rule, a process is out of control in a control chart in a situation whereby there are seven consecutive data points that all fall on same side of mean. In such case an adjustment has to be made.

In the scenario in the question, none of the answers will be chosen because there has been a violation of the seven run rule as the answers provided are all incorrect.

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3 years ago

The statement of owner's equity begins with the beginning balance followed by a.adding net income less withdrawals b.adding inve

ddd [48]

Answer:

D. Adding investments plus net income less withdrawals.

Explanation:

This statement is generally used to show the owners capital at the beginning of an investment period which is seen or said to affect or changes in balance sheet at a section termed to be the equity section. It is said to reveal and let a shareholder know the additional and subtractional changes that happens/happened in the shareholders account.

In some certain business kind which ranges from a sole proprietorship type of business to the others, movement in capital occurs as a result of some elements.

Therefore it is seen that net income less withdrawals and also investment adding is been seen after an investors equity statement in the beginning of account balancing.

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3 years ago

Metallica Bearings, Inc., is a young start-up company. It announces that it will pay no dividends on its stock over the next nin

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Answer:

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Explanation:

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3 years ago

When many members of the project team disagree, then delaying the decision, gathering more data, or agreeing to let person make

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Answer:

Leadership within a project team should be demonstrated only by the project manager. ... When many members of the project team disagree, then it may be best to delay the decision, gather more data, or agree to let one or two team members investigate and recommend a strategy for the whole team

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3 years ago