They benefit producers and hurt consumers
Answer:
The answer is
<u>Free Rental given = r = 38
</u>
<u>Box of popcorn given = b = 29 </u>
<u></u>
Explanation:
Let
,
Free Rental given = r
Box of popcorn given = b
Given that,
Cost of Free Rental = $1
Cost of Box of popcorn = $2
Total Cost of incentive = $96
Total incentives given = 67
Free Rental given+Box of popcorn given = Total incentives given
r+b=67
r=67-b...........(1)
(Free Rental given) x (Cost of Free Rental) + (Box of popcorn given) x (Cost of Box of popcorn) = Total Cost of incentive
(r x 1) + (b x 2) = 96
r + 2b = 96............(2)
Put the value of r in (2) from (1)
r+2b=86............(2)
67-b+2b = 96
67+b = 96
b = 96-67
b = 29
Put the value of b in (1)
r = 67-b...........(1)
r = 67-29
r = 38
Free Rental given = r = 38
Box of popcorn given = b = 29
It was said that technological products begin to rise dramatically during the early 1990's. Such goods are personal computers, cell phones, and the World Wide Web. These could be highly attributed to President Bill Clinton's policies. On the other hand, the sector of agriculture slightly declines since it was less emphasized in the administration's economic policy.
Answer:
$55 and $100
Explanation:
The computation of the ending inventory is shown below:
Under the LIFO method
= Ending inventory units × purchase price
where,
Ending inventory units is
= 10 units + 20 units - 25 units
= 5 units
So, the ending inventory is
= 5 units × $11
= $55
Under the Average cost method
The average cost per unit is
= (Beginning inventory units × price per unit + purchase inventory units × price per unit) ÷ (Beginning inventory units + purchase inventory units)
= (10 units × $10 + 20 units × $25) ÷ (10 units + 20 units)
= ($100 + $500) ÷ (30 units)
= ($600) ÷ (30 units)
= $20 per unit
The ending inventory units is
= 10 units + 20 units - 25 units
= 5 units
So, the ending inventory is
= 5 units × $20
= $100
Answer:
B. Dominant Strategy
Explanation:
A dominant strategy is one in which the individual wants higher payoff regardless of its others choice. In this strategy the individual does not consider what other players strategy is. They are looking for maximizing their returns.
In the given scenario Joe is also considering dominant strategy as he is not concerned with what strategy Sam will follow. Joe wants to keep its price at $3 per gallon even if Sam cuts the price.
