Break-even analysis is the process used to determine the profitability of a product at various levels of sales.
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Answer:
c. $449750.00.
Explanation:
1/8 of 10 lots of bushels of 5,000 per lot = 1.25
Therefore, the price quote of 899'4 cents is written as 899'4+1.25 = $8.995
Total value = Wheat(bushels) * Price Quote
Total value = 50,000 * $8.995
Total value = $449,750
Answer:
See explaination
Explanation:
a) A dominant strategy is the strategy a player chooses irrespective of the strategy chosen by the other player.
When Rina chooses Left, Musahi chooses Right as this gives higher payoff (7 > 4).
When Rina chooses Right, Musahi chooses Left as this gives higher payoff (6 > 3).
When Musahi chooses Left, Rina chooses Right as this gives higher payoff (8 > 6).
When Musahi chooses Right, Rina chooses Right as this gives higher payoff (7 > 5).
So, the only dominant strategy is for Rina to choose Right.
(b) In a Nash equilibrium, the players decide their strategies keeping in mind the reaction of the other strategy.
Here, this is: Musahi chooses Left & Rina chooses Right (payoff: 6, 8).