How much money can you earn while collecting social security?

The normal-form game box below outlines a generic game for two players to illustrate basic principles. Each player has two strat

tatiyna

Answer:

1. c) b>d

d) c>g

2. No dominant strategy equilibrium is also a Nash equilibrium.

Explanation:

Payoff matrix are used in business as it represent the possible outcomes of the decisions made. In the given scenario player 1 and player 2 have different outcomes based on the game matrix. The player 1 will get best possible payoff when he falls in Top Left matrix. This is dominant strategy which must be Nash equilibrium.

5 0

3 years ago

An assembly line with 40 activities is balanced using 17 workstations and a finished product can be produced every 6.5 minutes.

asambeis [7]

Answer:

Maximum daily production rate= 6.125 units per day.

Minimum daily production rate= 75.38 units per day

Explanation:

Production rate is defined as the number of units of a product that is produced in a process in unit time.

In this instance we are to calculate the production rate per day.

It is given that a cycle consists of 40 activities. Completion time for 40 activities is 80 minutes.

Daily production rate = Total time of production/Time to complete one cycle

Maximum daily production rate= 490/80= 6.125 units per day.

Minimum daily production rate= 490/6.5= 75.38 units per day

5 0

3 years ago

Blake Edwards has done some research and has discovered that economists believe interest rates will rise significantly over the

joja [24]

Answer:

Economic conditions

Explanation:

Based on the scenario being described within the question it can be said that this is an example of Economic conditions influencing jobs in the future. These conditions are the different aspects that affect the overall economy of a country which include GDP growth potential, the unemployment rate, inflation, as well as policy orientations.

5 0

3 years ago

In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price minimum ave

Pepsi [2]

Answer:

A. minimum average variable cost exceeds price.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

6 0

3 years ago

Ramos Co. provides the following sales forecast and production budget for the next four months: April May June July Sales (units

Ronch [10]

Answer:

1) Direct Labor Budget April May June July

production 450 580 550 550

* hours per unit 0.60 0.60 0.60 0.60

= hours worked 270 348 330 330

* rate $17 $17 $17 $17

Direct Labor Cost $4,590 $5,916 $5,610 $5,610

2) Factory overhead budget

Variable overhead $5,670 $7,308 $6,930

Fixed overhead $8,100 $8,100 $8,100

Total overhead budget $13,770 $15,408 $15,030

Explanation:

Variable overhead = ( direct labor hour * $21)

April = ( 270 * $21) = 5,670

May = ( 348 * $21) = 7,308

June = ( 330 *$21) = 6,930

7 0

3 years ago

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