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arlik [135]
1 year ago
11

in some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently resp

ond. such games are called
Business
1 answer:
RoseWind [281]1 year ago
7 0

In certain games, one player or company will act first and commit to a plan that the other player or company would then counter. Sequential games are such games.

Sequential games are ones in which each player makes a move in turn or at a distinct moment. This implies that players that move later in the game have more knowledge about other players' or the world's states' activities. This implies that first-moving players frequently have an impact on the game.

Sequential games include chess, endless chess, backgammon, tic-tac-toe, and Go, among others.

According to sequential game theory, one player has an advantage over the others by moving first. In this approach, the game's flow is decided by the first mover.

To learn more about Sequential games

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Purely competitive industry X has increasing costs and its product is a normal good. The industry is currently in long-run equil
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The industry is currently in long-run equilibrium. The economy now goes into a recession and average incomes decline. The result will be an increase in output, but not in the price, of the product. This is further explained below.

<h3>What is a product?</h3>

Generally,

In conclusion, The market is in a state of long-term balance. There is currently a drop in typical salaries and the economy is entering a recession. As a consequence, production will rise without corresponding increases in cost.

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4 0
2 years ago
Greenwell Farm Equipment sells a tractor to Farmer for $130,000 on January​ 1, 2019. The tractor is delivered that day. Greenwel
agasfer [191]

Answer:

Present value of interest is $5,062 and future value is $5,796        

Explanation:

The formula for finding the Present value of the interest reported as revenue is calculated as under:

Present Value of $40,000 receivable in 2 years = $40,000 / (1+7%)^2

Present Value of $40,000 receivable in 2 years = $34,938

The difference of the future value receivable and present value of the future amount receivable is the interest's present value which is given as under:

Interest Present value = $40,000 - $34,938 = $5,062

Using the compounding formula, the future value of the interest that will be recorded in the financial statement will be = $5,062 * (1 + 7%)^2 years

Future value of interest = $5796

7 0
3 years ago
Denise Hunter had Thomasville brand living room furniture and wanted to buy a particular chair of the same brand. She made a few
miskamm [114]

Answer:

a specialty product

Explanation:

Based on the scenario being described within the question it can be said that For Denise, the chair can be categorized as being a specialty product. This is a product that very specific individuals will seek to purchase due to the product's unique characteristics or the individuals loyalty to a specific brand. Which is the case with Denise, since she is loyal to the brand and wanted a chair only from that specific brand.

7 0
3 years ago
Which margin size is most appropriate for a business card?
yan [13]
3.5 inches because the normal business card is 3.5 in × 2 in 
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4 years ago
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When one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, suc
Dafna11 [192]
The correct answer that would best complete the given statement above is the word JOB ENRICHMENT. Here is the complete statement. <span>When one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, such as handling merchandise-return problems and approving customers' checks, they gave them more responsibility. This is a job enrichment technique. Hope this helps.</span>
3 0
3 years ago
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