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Damm [24]
2 years ago
12

Does​ Firm A have a dominant strategy? The dominant strategy for Firm A is a low price. No, there is no dominant strategy for Fi

rm A. The dominant strategy for Firm A is a high price. b. Does​ Firm B have a dominant strategy? The dominant strategy for Firm B is a high price. The dominant strategy for Firm B is a low price. No, there is no dominant strategy for Firm B. c. What are the Nash equilibria in this​ game? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. Both Firm A and Firm B charge a low price. unanswered Both Firm A and Firm B charge a high price. unanswered Firm A charges a low price and Firm B charges a high price. unanswered Firm A charges a high price and Firm B charges a low price. unanswered There are no Nash equilibria in this situation.
Business
1 answer:
ollegr [7]2 years ago
3 0

Answer:

Explanation:

I will give a basic hint to understanding this problem

Prevailing technique or what is best known as "Dominant Strategy" is an activity profile that is best for a specific player review of what different players are picking. for this situation there is no prevailing procedure for any player on the grounds that there is no single activity profile that expands the result for any player.

So we can say from this observations that the following is valid;

  • A doesn't have a dominant strategy

  • B doesn't have a dominant strategy

There are two Nash equilibria for this situation. Both the organizations are charging a low cost and both the organizations are charging a significant expense.

As such they can augment their benefit given what the adversary is doing.

I hope this explains the observation seen.

cheers I hope this helps

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Capital goods tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness.
7 0
3 years ago
Which of the following statements are true concerning the predetermined overhead rate when the direct labor-hour requirement for
In-s [12.5K]

Answer: The predetermined overhead rate increased because the total direct labor-hours dropped

Explanation:

The predetermined overhead rate refers to an allocation rate which is used in applying the estimated manufacturing overhead cost to the cost objects for a particular reporting period.

When there's reduction in the direct labor-hour requirement from 5 hours to 2 hours, the predetermined overhead rate increased because the total direct labor-hours dropped

The predetermined overhead rate is calculated as the total overhead cost divided by the machine hour. Therefore, if there's reduction in the direct labor hour rate, then there will be a rise in the predetermined overhead rate.

6 0
2 years ago
On January 1, 2020, Pina Corporation sold a building that cost $263,240 and that had accumulated depreciation of $101,140 on the
Firlakuza [10]

Answer:

Gain from sale = $23,067

Explanation:

the none interest bearing note must be recorded at present value:

present value of the note = face value / (1 + r)ⁿ

  • face value = $253,240
  • r = 11%
  • n = 3

PV = $253,240 / (1 + 11%)³ = $185,167

the note receivable must be recorded at $253,240, but $68,073 will be recorded as interest revenue.

the journal entry for the transaction should be:

January 1, 2020, sale of a building:

Dr Notes receivable 253,240

Dr Accumulated depreciation 101,140

    Cr Building 263,240

    Cr Interest revenue 68,073

    Cr Gain from sale 23,067

8 0
3 years ago
3. Analyze. Explain how scarcity is related
frosja888 [35]

Scarcity is the condition wherein the mean to and end (that is resources required to achieve set goals) are limited in relation to the goals that need to be achieved.

Because of the above, one has to carefully make their choice while allocating the resources accordingly.

<h3>What is opportunity Cost?</h3>

When a choice is made between two competing alternatives, it means that one alternative has to be foregone. The alternative foregone is called the Opportunity Cost.

<h3>What is a rationing device?</h3>

A rationing device is a system that determines who receives what of limited commodities and resources.

Price is one of the most regularly employed rationing techniques in a capitalistic (market-based) economic system.

Those who are willing and able to pay the price for a certain commodity (or resource) can obtain it.

Learn more about Scarcity:
brainly.com/question/4747543
#SPJ1

8 0
1 year ago
Alameda Manufacturing manufactures a variety of wooden picture frames using recycled wood from old barns. Alameda Manufacturing
erica [24]

Answer:

Direct Material Cost

= Cost of hardware + cost of wood

= 42,300 + 121,200

= $‭163,500‬

Direct labor

= Wages of Assembly workers + Finishing workers

= 87,400 + 74,100

= $‭161,500‬

Manufacturing Overhead

= Depreciation + Factory prop. taxes + Factory rent + Glue + Production Supervisor salary + Utilities for factory + Wages for maintenance workers

= 32,000 + 15,500 + 50,000 + 3,030 + 41,200 + 27,800 + 33,200

= $‭202,730‬

Prime Cost

= Direct labor + Direct material

= 161,500 + 163,500

= $‭325,000‬

Conversion Cost

= Direct labor + Manufacturing Overhead

= 161,500 + 202,730

= $‭364,230‬

Total Period Cost

= Advertising + Sales Manager's salary

= 25,600 + 41,500

= $‭67,100‬

8 0
3 years ago
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