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lianna [129]
3 years ago
13

A pure strategy involves​ ____________. A. choosing one particular action for a situation. B. choosing ethical actions over domi

nant strategies. C. choosing different actions randomly. D. choosing ethical actions over Nash strategies. Suppose that a goalie is playing a mixed strategy between diving to the left and the right. A player decides which strategy to employ when playing a game with mixed strategies by choosing​ ____________. A. based on the Nash equilibrium. B. randomly. C. the Fibonacci sequence. D. based on the dominant strategy. In a game with mixed​ strategies, does either of the players have a dominant​ strategy? Why or why​ not?
Business
1 answer:
aliina [53]3 years ago
5 0

Answer: Choosing one particular action for a situation

randomly

Explanation: A pure strategy is used to define the actions of the user in the particular situation. In such case, the user choose one alternatively from two or more and do not mix them.

Whereas, in a mixed strategy the user chooses its action from a number of alternatives in a random manner and not on the basis of any predetermined criteria as in the case of pure strategy.

You might be interested in
GAAP require state and local governments to include in their annual financial reports a budget-to-actual comparison showing actu
Elden [556K]

Answer:

The advantages of requiring both the original and final appropriated budget amounts are:

1. It enables comparison of original (static) budget with the final (flexible) budget.

2. From the comparison, management assesses performances based on actual performance versus original and final budgets respectively.

3. The significant changes based on the level of activity are easily determined.

Explanation:

The use of original and final budgets helps in the comparison with actual performance.  It clearly shows the effect of the level of activity on budget performance.

6 0
3 years ago
Q1.Explain two reasons why the demands foreign holidays might increase?
Natalka [10]

Answer 1:

Foreign holidays might increase because there is a direct positive relationship between income and holidays.

Explanation:

That is, people are more likely to go on a holiday if their income increases and refrain from doing so if their income takes a nosedive.

This essentially is due to the nature of the demand for foreign holidays.

Answer 2:

According to the laws of Economics, the following factors have the potential to shift the demand for goods and or services. They are:

• Changes in Prices of Substitutes and or complementary goods

• Consumer Tastes and Preferences  

Explanation:

1. Substitute goods are goods that can be used to replace the preferred option. Complementary goods are goods that should go with the primary product or good being demanded.

An example of substitute goods is pencil vs pen.

An example of complementary goods is pencil vs eraser.

In either case, when the price of one changes, in the case of substitutes, the demand for the alternative may take a sudden leap (all things being equal). On the other hand, the price of complementary products usually goes in the same direction so also their demand. If the prices of pencils go up, their demand will fall and so will the demand for erasers.

2. Tastes and preference are very strong influences on demand.

Phones, once upon a time used to have only one camera. Then the taste shifted to having two cameras (one in the front and another at the back). The current rave is for phones that have multiple cameras with various functionalities.

The implication is this. No matter how low the prices for single-camera phones go, the demand for them may never rise because preferences have moved on.

Cheers!

6 0
3 years ago
The firm receives an average of $20,000 in checks per day. The weighted average delay in clearing the checks received is 3 days.
katrin [286]

Answer:

<u>$26000</u>

Explanation:

from the question;

check per day; 20000

delay: 3 days

checks to pay suppliers; 17000

clearing time 2 days

<u>we first calculate collection flaot:</u>

collection flaot = average amount of check x outstanding days

= 20000 x 3

= 60000

now we have to calculate <u>disbursements float:</u>

average amount of check x days to clear

= 17000 x 2

= 34000

with these two values we can get the net float

= collection flaot - disbursements float

= 60000 - 34000

= <u>$26000</u>

5 0
4 years ago
Next year, Celebrity wishes to increase the unit selling price to $110. Shipping will change to 2.5% of sales. Cost of goods sol
RSB [31]

Answer:

net income increased by $1,537.50

Explanation:

Obviously, the original income statement is missing, so I looked for a similar question:

sales revenue                                 $16,500

COGS                                              <u>($9,300)</u>

Gross profit                                      $7,200

Operating exp.:

  • Administrative $950
  • Depreciation $1,300
  • Shipping $412.50             <u>($2,662.50)</u>

Net income                                 $4,537.50

net income increased by $4,537.50 - $3,000 = $1,537.50

8 0
3 years ago
Nish Corporation has provided the following data for the month of April:
Fittoniya [83]

Answer:

Required 1

Schedule of Cost of Goods Manufactured

Raw Materials Cost                                               $41,000

Direct labor cost                                                   $23,000

Manufacturing overhead cost                             $59,000

Add Opening Work in process Inventory            $18,000

Less Closing Work in process Inventory           ($22,000)

Cost of Goods Manufactured                             $119,000

Required 2

Income Statement  for April.

Sales                                                                   $220,000

Less Cost of Goods Sold                                  ($132,000)

Gross Profit                                                          $88,000

Less Expenses

Selling expense                           ($18,000 )

Administrative expense              ($43,000)       ($61,000)

Net Income / (Loss)                                              $27,000

Explanation:

<u>Determination of Raw Materials Cost in Production</u>

Raw Materials T - Account

Debit :

Beginning Balance                                      $26,000

Raw materials purchases                            $50,000

Totals                                                            $76,000

Credit :

Ending Balance                                           $35,000

Work In Process (Balancing figure)             $41,000

Totals                                                            $76,000    

<u>Determination of Cost of Goods Sold</u>

Finished Goods Inventory T - Account

Debit :

Beginning  Finished goods Inventory                $42,000

Cost of Goods Manufactured                             $119,000

Totals                                                                    $161,000

Credit:

Ending Finished goods Inventory                      $29,000

Trading Account (Balancing figure)                   $132,000

Totals                                                                    $161,000

4 0
3 years ago
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