Answer: The correct answers are "A. Accept" and "$ 0.01".
Explanation: Given that we talk about optimal strategy when maximizing the expected profit by the player:
In the first case It is convenient to accept the proposal and keep $ 0.12, instead of rejecting it and running out of nothing.
And in the second case it is convenient to give the classmate as little as possible so that he accepts and we have a greater profit.
Answer:
The answer is Area 1 for the size of producer
Explanation:
Referred to the image attached we infer that:
Consumers’ surplus has gone down by (area 2 + 4)
Size of producers (area 1)
Answer:
C, Paying money to farmers directly
Explanation:
Deadweight loss is defined as a loss in the economic efficiency that occurs when the market equilibrium for a good or service is not met/acheived/attained.
It can also be called excess burden or inefficiency of allocations.
From the question, the smallest dead weight loss will be to pay money directly to farmers as this will try to create almost an equilibrium for the goods produced by the farmers. Paying money directly to farmers will also ensure that the prices of goods and services are agreeable and of benefit to both the farmers, consumers/buyers and the government as well.
Cheers.
For a cosmetics company, external factors which will be particularly important to study is the social factor.
<h3>What is an external factor of business?</h3>
External factor of business refers to factors that affect the operations of the business from outside sources. These factors are uncontrollable in nature which can create both positive and negative impacts on success.
A cosmetics company should study the social factors which include the buying habits of customers regarding products, advancement of technology, and the response of the customers towards change.
Income level and education are also considered social factors which can impact the success of any cosmetics company.
Learn more about social factors, here:
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Team building is very important for any team leader. The option that can improve your team's information sharing is to Share more information about each other's assignments to boost mutual understanding.
- A group discussion is one where there is an essential conversation about a specific topic. It is often done in a group of a size that ensure the full participation by all members.
This group discussion is also known to be type of meeting and it is not like the formal meetings.
By Sharing information among themselves, they can known themselves more and understand how each other works.
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