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Degger [83]
4 years ago
14

Prices usually reflect a. both the value of a good to society and the cost to society of making the good. b. only the cost to so

ciety of making a good. c. only the value of a good to society. d. neither the value of a good to society nor the cost to society of making the good.
Business
1 answer:
quester [9]4 years ago
7 0

Answer:

The correct answer is letter "A": both the value of a good to society and the cost to society of making the good.

Explanation:

Price is the monetary value of a good or service that consumers are willing to pay and producers are willing to accept. <em>For companies, it represents the production costs of the good plus the unitary revenue they expect to obtain. For consumers, it is the value they provide to the good offered according to the type of need the good is destined to fulfill.</em>

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An aggressive dictator is deciding where to hide his weapon of mass destruction, while the UN is deciding where to look for it.
trasher [3.6K]

Answer:

(a)

z = UN

Let the Matrix of players 1 = dictator

            X             Y            Z

           9   ²       9   ²       4   ⁵

           9   ²       4   ⁵       9   ²

           4   ⁵       9   ²       9   ²

Above is the normal form of game in matrix form with player 1 = dictator strategy.

Now, the matrix of players inspectors

    XY     9  ²      9  ²      4  ⁵

    XZ     9  ²      4  ⁵      9  ²

    YZ     4  ⁵      9  ²      9  ²

The above strategy is player 2 = UN inspectors strategy.

(b)

Mixed strategy N ash equilibrium

Therefore,

The matrix of player 1 = dictator hiding strategy :

 X   =    9,2    9,2    4,5

  Y   =    9,2    4,5    9,2

  Z   =    4,5    4,5    9,2

The matrix of player 2 = inspector secret strategy

 XY  =   9,2    9,2    4,5

 XZ  =   9,2    4,5    4,5

 YZ  =   4,5    9,2    9,2

(c)

The probability that the weapon is found

=> Seeing the table above, we will calculate 6 of 9 times of inspector calculating weapon.

=> The probability that the weapon is found is

  = 6 / 9

  = 2 / 3

  = 0.67

Explanation:

7 0
3 years ago
Steve is a salesperson for a large consumer products manufacturer. Steve has just taken over at new territory and is looking to
VladimirAG [237]

Answer:

The correct answer is letter "C": A strategic prospecting plan.

Explanation:

A strategic prospecting plan refers to the effort salespeople make when identifying and analyzing the market to spot new customers or to engage existing clients in the purchase of additional products offered by their firm. The idea of this approach is always reaching potential consumers faster than competitors.

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3 years ago
DFA, a Kansas cooperative, has its principal place of business in Kansas City, Missouri. Bassett, an international commodities b
RideAnS [48]

Answer:

The given case is a Civil Matter case.

Explanation:

Civil cases often involve individuals or organizations such as companies, generally regarding disputes over money - or any species of capital. A case of civil matter usually begins when one person or business  - the plaintiff -claims to have been prejudiced by the actions of another individual or organization - the defendant. The plaintiff then requests the court for deliverance by filing a complaint and starting a court case. The plaintiff may ask the court: 1. To award damages (money compensation); 2. For an injunction, to limit or require compulsory actions from the defendant; 3. To issue a declaratory judgment, in which the court determines the parties' rights under a contract or statute.

Eventually, to mitigate the case, the court - a judge or a jury - will determine the facts of the case and apply the appropriate legislation to it. Then, the court - or jury - will determine which legal consequences will occur given the parts' conducts.

8 0
3 years ago
In the _______ range of the aggregate supply curve, expansionary fiscal policy that causes aggregate ______ to increase will lea
PtichkaEL [24]

In the <u>immediate</u> range of the aggregate supply curve, expansionary fiscal policy that causes aggregate <u>demand</u> to increase will lead to a higher price level and a higher equilibrium level of real GDP.

<h3>What is GDP?</h3>

A monetary indicator of the market worth of all the finished goods and services produced in a nation over a given time period is called the gross domestic product (GDP). This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is. To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP can also be quantified.

To learn more about GDP from the above link:

brainly.com/question/1383956

#SPJ4

3 0
2 years ago
A club good, such as a movie theater, is __________. non-excludable and non-rivalrous excludable and non-rivalrous non-excludabl
mylen [45]

People often set up different establishment. A club good, such as a movie theater, is excludable and non-rivalrous.

<h3>What are club goods.</h3><h3> </h3>
  • Club goods  is commonly referred to as an artificially scarce goods. They are a type of good in economics. They are also grouped as a subtype of public goods that are excludable but non-rivalrous.

That is these goods often reaches a point where congestion takes place. Goods here do show high excludability, and also low rivalry in consumption.

Learn more about goods from

brainly.com/question/25498461

4 0
3 years ago
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