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Vaselesa [24]
2 years ago
6

The payoff matrix represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. each seller

must decide whether or not to cheat on the production quotas in the cartel agreement. use the payoff matrix to answer the questions. milky moos cheat do not cheat heifer's gold cheat a $148,000$148,000 $148,000$148,000 b $140,000$140,000 $200,000$200,000 do not cheat c $200,000$200,000 $140,000$140,000 d $150,000$150,000 $150,000$150,000 a. does either member have an incentive to cheat
Business
1 answer:
vazorg [7]2 years ago
8 0

For the statement  "The payoff matrix represents hypothetical profits that could be earned by two milk..." and the Milky Mose table  Both will cheat Option C. This is further explained below.

<h3>What is a payoff matrix?</h3>

Generally, payoff matrix is simply defined as when one player's tactics and those of the other are represented in a table called a payoff matrix, they are listed in rows.

In conclusion, In order to get an edge, both parties will engage in dishonesty. As a result, both parties will be tempted to cheat in order to gain an unfair advantage.

The payoff matrix below represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. Each seller must decide if they want to cheat or not to cheat on the production quotas in the cartel agreement. Use the payoff matrix to answer the questions below. Does either member have an incentive to cheat? Heifer's Gold will cheat, but Milky Moo will not. No, neither has an incentive to cheat, Yes, both will cheat. Milky Moo's will cheat, but Heifer's Gold will not

Read more about payoff matrix

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Some employees at a clothing manufacturer investigate pay rates on Salary and learn that the company has been paying them signif
lora16 [44]

In this case, the most likely reason for this is The employees will conclude that there must be regional differences in pay.

<h3>What is a Pay Difference?</h3>

This refers to the discrepancy that exists when a person is paid a different amount to another person who is performing the same or similar work and can be affected by things like location, etc.

Hence, we can see that based on the fact that the employees of the cloth store make an investigation into their pay rates and find out that there is a price discrepancy that is higher than the national average, they would conclude that there must be regional differences in pay.

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6 0
2 years ago
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7 0
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Answer:

It will be reported as accrued expenses (c)

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Accrued expenses represents amount owed for either serviced that has been enjoyed or goods that have been delivered but yet to be paid for.

Income statement is prepared on accrual basis, hence, these expenses will be recognized in the current period and matched with revenues generated.

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3 years ago
During a sales meeting, you use the Google Trends tool to show insights and link back to what the client said about hiring someo
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The client immediately will be satisfied and he will feel that he selected the right place; this is the propose of the seller and his company.

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

The options to the question are:

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(B) The control limits are acceptable

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