Answer:
Explanation:
Data provided in the question:
Cost of chair P = $60
Cost of chair Q = $90
Number of chair P ordered = p
Number of chair Q ordered = q
Now,
Total number of chairs ordered
= Number of chair P ordered + Number of chair Q ordered
= p + q
Total cost of chairs ordered = $60p + $90q
Therefore,
Average cost of a chair
= [Total cost of chairs ordered ] ÷ [Total number of chairs ordered]
=
The question is reconstructed below:
Which of the following best describes a Nash equilibrium?
A. An outcome from which one or both competitors can improve their position by adopting an alternative strategy.
B. The unstable outcome of a repeated game.
C. An outcome that is stable only because of credible threats.
D. An outcome which both competitors see as optimal, given the strategy of their rival.
Answer:
D. An outcome which both competitors see as optimal, given the strategy of their rival.
Explanation:
Although Nash equilibrium is a game theory, it has been widely applied in economics. It states that a competitor can achieve his desired outcome by sticking to his original strategy. Both competitors' strategies are optimal when considering the decisions of each other.
Answer:
The net working capital is -$4600.
Explanation:
Use the below formula to calculate net working capital:
Net working capital = Total current assets – Total current liability
Total current liability = $6100
Total current asset = increase in inventory –decrease in account reciveable
Total current asset = $2800 – 1300
= $1500
Now, Net working capital = Total current assets – Total current liability
Net working capital = $1500 – $6100
= - $4600
Thus, net working capital is -$4600.
Multiply 0.13 by 75: $9.75.
Multiply that by 5: $48.75.
Answer:
$465,000
Explanation:
The expressions that describe the profits for the Sanford and Orlando store are, respectively:
Where 'V' is the sales volume. Both stores will experience the same profits or losses when they are equal. The value of 'V' for which the expressions are equal is:
The sales volume at which the two stores have equal profits or losses is $465,000.
