Answer:
False. Location is important for a business
Answer:
The only dominant strategy in this game is for <u>NICK</u> to choose <u>RIGHT</u>. The outcome reflecting the unique Nash equilibrium in this game is as follows: Nick chooses <u>RIGHT</u> and Rosa chooses <u>RIGHT</u>.
Explanation:
ROSA
left right
4 / 6 /
left 3 4
NICK
right 6 / 7 /
7 6
Rosa does not have a dominant strategy since both expected payoffs are equal:
- if she chooses left, her expected payoff = 3 + 7 = 10
- if she chooses right, her expected payoff = 4 + 6 = 10
Nick has a dominant strategy, if he chooses right, his expected payoff will be higher:
- if he chooses left, his expected payoff = 4 +6 = 10
- if he chooses right, his expected payoff = 6 + 7 = 13
The only possible Nash equilibrium exists if both Rosa and Nick choose right, so that their strategies are the same, resulting in Rosa earning 6 and Nick 7.
<span>(D) is the most correct answer. When the weather is bad, this will shift the supply curve of (mostly inelastic) farm goods to the left. This will, in turn, raise the equilibrium price that farmers will be able to receive for the products. All else equal, this will raise the overall profit that the farmers will receive, even in times of bad weather.</span>
Hello!
I do believe the answer is B.
Hopefully this helped :)
Mark me brainilest if you get the chance .
Answer:
$270,000
Explanation:
Calculation for The gross profit
Using this formula
Gross profit = Sales + Cosing stock - Purchases
Let plug in the formula
Gross profit =(45,000*15) +
(450,000/50,000)*5,000 - 450,000
Gross profit =$675,000+(9*5,000)-450,000
Gross profit =$675,000+$45,000-450,000
Gross profit = $270,000
Therefore The gross profit is $270,000