Answer: true, there is an equilibrium.
Explanation:
the above game is a pure strategy. A pure strategy occur when the game is strictly determined. the criteria used to determine the pure strategy is maxi-min and min-max. max-min means selecting the least case from all best cases and min-max means selecting the best from all least cases.
Base on the criterion, the least out of all best for max-min is 1 unit and the best out of all least cases for min-max is 1 unit. the max-min is equal to the min-max,hence it strictly determined and therefore a pure strategy.
Answer: True
Explanation: In simple words, real risk free rate refers to the rate than a borrower can actually get in the market for a specified amount and for a specified period.
Real risk free rate is seen as a measure of how the economy of a country is performing and is calculated by subtracting the inflation rate from the treasury bonds of the govt. which match the durability of the borrower.
It depicts the actual increase in purchasing power as it deducts the impact of inflation over time. Thus, the given statement is true.
Answer:
I should pay off my smallest balance first. Then continue paying my smallest balances until I have paid all of my debt.
Explanation:
This is one of the lesson from the activity. That, loans and debts are important part of life of someone but the most important thing, is to remember to clear off those loans and debts. this could be done through the gradual payment till all the debts are cleared.
Answer:
Abbot makes a savings of $74,000 in the current year.
Review full presentation of answers in the attaches
Explanation:
Answer:
$0.3 per machine hour
Explanation:
The computation of the variable maintenance cost per machine hour using the high low method is shown below:
Variable cost per machine hour = (High maintenance cost - low maintenance cost) ÷ (High machine hours - low machine hours)
= ($9,000 - $7,200) ÷ (20,000 machine hours - 14,000 machine hours)
= $1,800 ÷ 6,000 machine hours
= $0.3 per machine hour
