Question Completion:
Matrix payoff:
Sharon
Left Right
Paolo Left 8, 3 4, 4
Right 5, 3 5, 4
Answer:
The only dominant strategy in this game is for ___Paolo______ to choose ____Right______.
The outcome reflecting the unique Nash equilibrium in this game is as follows: Paolo chooses ____Right______ and Sharon chooses __ Right_____.
Explanation:
a) Paolo's dominant strategy is the strategy that always provides the greater utility to Paolo, no matter what Sharon's strategy is. In this case, the dominant strategy for Paolo is to choose RIGHT always.
b) The Nash Equilibrium concept determines the optimal solution in a non-cooperative game in which each player (e.g. Paolo and Sharon) lacks any incentive to change their initial strategies. This implies that each player can achieve their desired outcomes by not deviating from their initial strategies since each player's strategy is optimal when considering the decisions of the other player.
Answer:
An economy could get stuck in a recessionary gap
Explanation:
Keynes believed that wages may be inflexible in the downward direction and which would consequently cause an economy to get stuck in the recessionary gap. The recessionary gap happens when a country's real GDP is lower than it's gross domestic product at a state of full employment. It shows the difference between the actual and potential production in an economy. But with the actual being smaller or lower than the potential production.
Answer:
Final Value= $18,253.12
Explanation:
Giving the following information:
For the next 6 years, you plan to make equal quarterly deposits of $600.00 into an account paying 8% compounded quarterly.
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit= 600
n= 6*4= 24
i= 0.08/4= 0.02
FV= {600*[(1.02^24) - 1]}/ 0.02= $18,253.12
Answer:
The correct answer is : False
Explanation:
The participation in local production might repress the growth of imports in a market for goods made of different types. The domestic demand constitutes a great proportion or potential import suppliers. The domestic industry may influence its reaction to import competition, the prevalence of multinational enterprises (MNEs) is important.
<u>Answer:</u> building customer awareness of the product.
<u>Explanation:</u>
Introduction is the first stage in the product life cycle where the company focuses on creating customer awareness of the product. In this stage only a few customers will know about the product. Through better marketing campaign companies try to increase the customer awareness.
Only after creating brand awareness and publicity for the product the company can concentrate on other aspects such as pricing, distribution, additional features etc. The main aim of the companies is to gain the market share.
