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ipn [44]
3 years ago
12

Why is the profit motive considered an incentive in a market system?

Business
1 answer:
dsp733 years ago
7 0
Inventive is to make more money because businesses can make more profit where money is expected.
Minimize costs and maximize revenues. .
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Career skills refer to the complicated tasks performed on the job <br><br> T or F
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Two athletes of equal ability are competing for a prize of $10,000. Each is deciding whether to take a dangerous performance-enh
Degger [83]

Answer:

a) attached below.

b) for $x < $5000 will cause taking the drug to be part of the Nash equilibrium

c) will make the athletes feel better because the value their payoff will increase

Explanation:

<u>a) 2 * 2  payoff matrix  describing the decision faced by the athletes </u>

attached below

when both players take the drug the payoff for each player = $5000 - x

when neither player  takes the drug the payoff for each player = $5000

When only one player takes the drug his payoff = $10000 - x

<u>b) If we consider the value of $x to be involved in the Nash equilibrium then </u>

; $5000 - $x > 0  becomes the best response

hence for $x < $5000 will cause taking the drug to be part of the Nash equilibrium

c) Lowering the negative effect of the drug ( i.e. when the value of x is reduced )

will make the athletes feel better because the value their payoff will increase

5 0
3 years ago
Leaf Co. purchased from Oak Co. a $20,000, 8%, 5-year note that required five equal annual year-end payments of $5,009. The note
Veronika [31]

Answer:

b. $5,560

Explanation:

The computation of the total interest revenue is shown below:

The five equal annual year-end payments = $5,009

For five years, the total amount is

= $5,009 × 5 years

= $25,045

And, the present value of recording the note is $19,485

So, the  total interest revenue earned would be

= Five years amount - present value of recording the note

= $25,045 - $19,485

= $5,560

4 0
3 years ago
As you start consuming potato chips, your marginal utility is very high, but begins to fall slowly until you've eaten 10 chips.
avanturin [10]

Answer:

The law of diminishing marginal utility.

Explanation:

Marginal utility is basically satisfaction derived from consuming an extra unit of product. According to the law of diminishing marginal utility as consumption increases the marginal utility derived from each additional unit decreases.

So when we consume 1 chips marginal utility is high, then as more is consumed we still get some positive utility out of it but at a decreasing rate now. At some point this utility equals zero after which it starts declining as more chips are consumed because it is not providing any satisfaction now. Therefore the chips should be consumed only up to the point where the marginal utility equal zero.

7 0
3 years ago
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