According to the scale, an average person would posses the mean of 100 IQ <span>and standard deviation of 15. If to be a member of mensa one should have </span><span>an iq at least 2.5 standard deviations above average, the minimum iq should be:
</span>
2.5 = (x-100)/15
x = 137.5 >>>>> Less than 1% population belong to this IQ group or higher.
Answer: 1. A.Both firms will choose the low price.
2. B. Both firms would choose the high price.
Explanation:
1. If the firms cannot cooperate with each other and must choose simultaneously, both firms will choose the low price.
This is because at the low price both of them are at the highest profit they can make when they are not cooperating. For instance, if Firm B chooses Low Price and Firm A chooses High Price, Firm A will make $3 million while Firm be will make $8 million.
If Firm B decides to have a high price then firm A will take the low price and make $8 million in profit while Firm B makes $4 million. If they are not working together, they will both have to take the low price to make the most profit.
2. If the firms could cooperate with each other, both firms would choose the high price.
The is because they will be making more than competing and getting a lower profit. Should they cooperate they will each get $7 million in profit because they will pick the option they can both make the highest profit at. The is better than competing and making only $5 and $6 million respectively.
If you need any clarification do comment. Cheers.
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Answer:
Skunkworks
Explanation:
The term skunkworks is mostly used in business and also the technical fields to describe a group that is within an organization that has high autonomy and have tasks that requires them to work on advanced or secret projects. They are allowed to operate outside the usual processes such that they have the freedom to come up with new ideas.
