How does a subsidy affect supply?
A subsidy by nature increases the purchasing power of the individual or class it is awarded to. It's like free money that can only be spent on certain things.
Answer:
( ¹⁵C₂ )² × 5! = 1082161080
Explanation:
Data provided in the question:
Number of married couples = 15
Therefore,
Number of males = 15
Number of females = 15
Now,
The number of possible dancing arrangements
= Probability of selecting males × Probability of selecting males × ways of arranging 5 pairs
= ¹⁵C₂ × ¹⁵C₂ × 5!
= ( ¹⁵C₂ )² × 5!
= ![[\frac{15!}{5!\times(15-5)!}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B15%21%7D%7B5%21%5Ctimes%2815-5%29%21%7D%5D%5E2)
× ( 5 × 4 × 3 × 2 × 1 )
= ![[\frac{15\times14\times13\times12\times11\times10!}{5\times4\times3\times2\times1\times10!}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B15%5Ctimes14%5Ctimes13%5Ctimes12%5Ctimes11%5Ctimes10%21%7D%7B5%5Ctimes4%5Ctimes3%5Ctimes2%5Ctimes1%5Ctimes10%21%7D%5D%5E2)
× ( 5 × 4 × 3 × 2 × 1 )
= ![[\frac{360360}{120}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B360360%7D%7B120%7D%5D%5E2)
× 120
= 1082161080
Answer:
is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.
Answer:
The only dominant strategy in this game is for <u>NICK</u> to choose <u>RIGHT</u>. The outcome reflecting the unique Nash equilibrium in this game is as follows: Nick chooses <u>RIGHT</u> and Rosa chooses <u>RIGHT</u>.
Explanation:
ROSA
left right
4 / 6 /
left 3 4
NICK
right 6 / 7 /
7 6
Rosa does not have a dominant strategy since both expected payoffs are equal:
- if she chooses left, her expected payoff = 3 + 7 = 10
- if she chooses right, her expected payoff = 4 + 6 = 10
Nick has a dominant strategy, if he chooses right, his expected payoff will be higher:
- if he chooses left, his expected payoff = 4 +6 = 10
- if he chooses right, his expected payoff = 6 + 7 = 13
The only possible Nash equilibrium exists if both Rosa and Nick choose right, so that their strategies are the same, resulting in Rosa earning 6 and Nick 7.
Answer:
a) 3%
b) the new workers contribute 16,068 dollars
c)$160.68 each
d) the old workers contribute 15,000 when they made his contribution
e) rate of return 7.12%
Explanation:
growth rate: the increase in the workforce:
103 new workers / 100 retired - 1 = 0.03 = 3%
103 workers x 1,040 each x 15% = 16,068
assuming no other employee:
$16,068 pension fund / 100 retired persons = 160.68 dollars each
100 workers x 1,000 each x 15% = 15,000
e) the old retire contribute:
1,000 x 15% = 150
they receive 160.68
rate of return:
160.68 / 150 - 1 = <em>0.0712</em>
