Answer:
d. neither will advertise.
Explanation:
A game theory is used to analyse the choices of firms in an oligopoly.
A collusion is when two or more firms come together to make a decision usually concerning price.
If both firms advertise, the profit is less than when both firms don't advertise. Therefore, if both firms collude, they would agree not to advertise in order to maximise profits.
But the Nash equilibrium would be for each firm to advertise.
Nash equilibrium is the best strategy for a player in a game regardless of what the other player plays.
I hope my answer helps you.
Answer:$687,700
Explanation:
$
Direct Materials 298,700
Add: Direct Labour 132,200
--------------
Prime Cost 430,900
Factory Overhead 264,200
Add: Opening WIP 118,700
Less: Closing WIP 126,100
--------------
256,800
--------------
Cost of Good Manufacture 687,700
----------------
Answer: private goods
Explanation:
Private goods are referred to as the goods that are excludable and also possess the characteristics of rivalry. Such goods can only be consumed when people pay for them and those who don't pay will noy benefit from the goods.
The demand and supply of private goods will bring about an efficient level of output such that the demand will be equal to the supply. It should be noted that other goods may be faced with challenges like the externality problem, free rider problem etc.
Answer:
d. $100,000
Explanation:
<u><em>Ronaldo Soccer Shop</em></u>
<u><em>Income Statement</em></u>
Sales $100,000;
Cost of goods sold $46,000,
Operating expenses $34,000,
Interest expense $15,000,
Income tax expense $2,000,
Net Income $3,000
The vertical analysis of the income statement is performed by dividing each of these income statement line items by the total sales.
Vertical Analysis ( income Statement) = (Income Statement Item/ Total Sales )* 100
A ppi is used to treat ulcers; <span>gastroesophageal reflux disease (GERD), a condition in which backward flow of acid from the stomach causes heartburn and injury of the food pipe (esophagus); and conditions in which the stomach produces too much acid.
Hope this helps! :)</span>