Answer:
1. Jake can easily determine that the price of the computer is more than the price of the vacation. ⇒ UNIT OF ACCOUNT
2. Jake has $1,574 in his checking account. ⇒ STORE OF VALUE
3. Jake writes a check for $1,299. ⇒ MEDIUM OF EXCHANGE
Explanation:
The four functions of money are:
- unit of account: since money is a common denominator, it helps to assign value to different goods and services.
- store of value: you can save money in order to purchase gods and services in the future.
- medium of exchange: you can purchase and sell goods and services using. money
- standard of deferred payment: money allows loans that require future payments of both principal and interest.
Average variable cost equals:
- average total cost minus average fixed cost.
- price of the variable input times the quantity of the variable input.
<h3>What is average variable cost?</h3>
Average variable cost is total variable cost divided by variable input. Variable input is the input that varies with the output. For example, labor is an example of a variable input.
To learn more about variable cost, please check: brainly.com/question/26502221
Answer:
D
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
The payoffs for advertising for both firms is either $4 million or $1 million
The payoffs of not advertising for both firms is either $10 million or $5 million
The payoffs of not advertising is higher for both firms. The dominant strategy for both firms is not to advertise. The Nash Equilibrium is not to advertise
False. They may look the same but they work differently. Credit cards are issued by banks and lenders. Debit cards uses money from your own bank account to pay for purchases. Credit cards pay for purchases using money from the lender's account.
“KID WHY U DO THAT?”, “Are you gay or something?” And “Did u just cus me out?” just to name a few