(12-6)/12 gives you the growth rate *over five years* (115%)
divide that by 5 and you get an average rate of 23% growth per year.
If we’re rounding, yes, that statement is correct. Otherwise, growth over five years doubled because there was a growth of 115% and year-over-year growth was 23%.
Answer:
b. both firms will reduce their price.
Explanation:
The Nash equilibrium is a decision-making theorem that lies inside the game theory where the player could attain the expected result by not deviating to the beginning strategy. In this, the strategy of the each player is optimal at the time when the other player decisions are relevant
So as per the given situation, both the firm should decrease their price
hence the option b is correct
Answer:
The correct answer is: seasonal discount.
Explanation:
Seasonal discounts are store offerings by which their products are sold at a lower price during specific periods due to changes in seasons. For instance, winter clothing tends to be cheaper during the spring or summer because most people do not purchase them during those seasons. Then, retailers lower the prices to boosts sales.
Answer:
(B) $0.50
Explanation:
The total cost is a function of the number of maps sold and the number of books sold. To determine the cost of each, a set of equations have to be solved simultaneously.
Let the cost of a map be m and that of a book be b
12m + 10b = 38
20m + 15b = 60
6m + 5b = 19
4m/3 + b = 4, b = 4 - 4m/3
6m + 20 - 20m/3 = 19
2m/3 = 1
m = 3/2 = 1.50
b = 4 - 4m/3
b = 4 - 2 = 2
The cost of a book is $2 while that of a map is $1.50
Hence a map sell for $0.50 less than a book.
Answer:
Andrew Jackson (AJ for short) was a statesman. He reached the height of this career when he became the 7th President of the United States (POTUS, having served as a soldier and a general in the United States Army). His administration spanned two terms of 4 years each (1829 to 1837)
In direct reference to the question, it can be said that due to his action, he was rather tyrannical than monarchial.
Explanation
On the overall, AJ is regarded by may historians favorably due to his many big wins. Some of those wins which he achieved as POTUS are:
- The payment of a long standing national debt
- the conclusion of the "most favored nation" treaty with the United Kingdom, which settled claims of damages against France from the Napoleonic Wars,
- Prevention of the renewal of the charter of the Second Bank of the United States which was deemed as corrupt established created to enrich the wealthy at the expense of the plebian class and
- the recognition Texas as a Republic. It may be worthy of note that he was the first POTUS to have survived an assassination attempt as a sitting president.
Irrespective of the above, his career was marred by two major dents:
- The endorsement of the of the 1830 Indian Removal Act which forced many Native American tribes in the South to a space that became known as the Indian Territory. The forceful relocation was deemed necessary by the Blue Bloods (White Population) and resulted in mass suffering, mass death by many who where diseased during the forced relocation.
- The Nullification Crises: For some reason, the congress approved a bill which by itself was designed to fail or be disapproved. It placed a huge tariff (as much as 45%, a historic high) on the Southern Cotton Farmers. The bill became known as the "Tariff of Abominations". He later conceded to several downward revisions of the tariff, first to 27% and further downwards later but not after it had caused a lot of rift between the state of South Carolina and the Federal Government where in the South Carolina had declared the bill unconstitutional. This call out against the Federal Government became known as the Nullification Crises.
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