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Below are the choices:
A. As HDI increases, so does a nation's level of development.
<span>B. A low HDI usually means that an economy is developed. </span>
<span>C. The HDI varies less in countries below the equator than those above the equator. </span>
D. The HDI is highest in countries with command economies.
<span>According to information about developing and developed countries in the world, sentence A is correct, because most countries with the high level of HDI are the most developed.</span>
Answer:
each firm simultaneously increased output above the Nash equilibrium level.
Explanation:
A French mathematician, Antoine Augustine Cournot developed the Cournot duopoly in his economic model “Researches into the mathematical principles of the theory of wealth”, of 1838.
Cournot duopoly also known as the Cournot competition, is an economic model where two (2) business firms having identical cost functions compete in a oligopolistic market of imperfect competition with homogeneous products.
Under the Cournot duopoly, the competing firms offer identical products and thus, choose an amount or quantity to produce independently and at the same time because they cannot collude.
Both firms in a Cournot duopoly would enjoy lower profits if each firm simultaneously increased output above the Nash equilibrium level.
Hence, the advantage of the Cournot duopoly is that, it inhibits competing firms from deviating unilaterally.
<u>b. Prototyping</u> refers to the process of developing a working replica of the system or some aspect of the system.
<u>Explanation</u>:
A prototype is a sample used by the system analysts or users to evaluate the new design or build to determine its precision. A prototype is a trial product or software that is widely used in software programming and electronics.
The accuracy of the newly developed product can be checked with the help of prototype. Prototype is the replica of the real product. It helps in correcting design error before its production. Consumer gets easily attracted by seeing the prototype before the release of the original product.
Answer:
D
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Flying Car
Cash flow in year 0 = -$200,000
Cash flow in year 1 = 50,000
Cash flow in year 2 = 50,000
Cash flow in year 3 =80,000
Cash flow in year 4 =100,000
IRR = 13%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
