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2 years ago

When modeling economic situations using game theory, the economic participants are generally referred to as:?

Business

2 answers:

Natasha_Volkova [10]2 years ago

7 0

Answer:

Players

Explanation:

Game theory is a way of thinking in which social situations are seen as a game among competing players. The analysis focuses on strategy and optimal decision-making. In this type of thinking, economic participants are generally referred to as players. Game theory originated thanks to the work of John von Neumann, John Nash and Oskar Morgenstern.

zysi [14]2 years ago

4 0

In game theory, economic participants are referred to as "players". Game theory consists in the use of mathematical models in order to predict the behaviour of rational decision-makers in cooperative and competitive environments.

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A taxpayer's most advantageous tax benefit is A) a tax deduction. B) a depletion allowance. C) a tax credit. D) straight-line de

ss7ja [257]

Answer:

D) a tax credit.

Explanation:

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2 years ago

Which of the following will usually be found on an income statement prepared using absorption costing? Contribution Margin/ Gros

chubhunter [2.5K]

Answer:

C) No/Yes

Explanation:

An income statement (profit and loss account) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit

Absorption cost is a method of calculating the cost of a product or enterprise by taking into account indirect expenses (overheads) as well as direct costs.

How do you calculate total period cost under absorption costing?

Income statement shows Sales – Cost of Goods sold = Gross Margin (or Gross Profit) – Operating Expenses = Net Income and is based on the number of units SOLD.

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3 years ago

A product-focused process is commonly used to produce "A. high-volume, high-variety products" "B.low-volume, high-variety produc

ki77a [65]

Answer: Option C

Explanation: In simple words, product focused process refers to the processes that focuses on producing the batch of similar products. These processes are usually used to manufacture products like paper rolls and light bulbs.

Under this process large units are produced of a similar product. Such processes require high fixed cost and low variable cost.

From the above we can conclude that the correct option is C.

8 0

2 years ago

Kreter, Inc. earned net income of $300,000 last year. This year it wants to earn net income of $450,000. The company's fixed cos

Minchanka [31]

Answer:

sales is $2,500,000

Explanation:

The target sales for the company to achieve a net income of $450,000 in the current year equals the net income plus variable cost plus the fixed costs.

To understand this better,let us use the net income formula:

net income=sales-variable costs-fixed costs

by changing the subject of the formula,we the formula for sales:

sales=net income+variable costs+fixed costs

variable costs=sales*70%=0.7 sales

sales=$450,000+$300,000+0.7 sales

sales-0.7 sales=$750,000

0.3 sales=$750,000

sales=$750,000/0.3=$2,500,000

8 0

3 years ago

You are considering purchasing a new automobile that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 mont

bija089 [108]

Answer:

so correct option is B) $527

Explanation:

given data

cost = $28,000

offer APR = 4.9 % = $\frac{4.9}{12}$ = 0.0041

time = 60 months

finance the entire = $28,000

solution

we will apply here formula for calculate monthly payment that is

= $\frac{r(1+r)^t}{(1+r)^t -1}$ ...........1

here r is rate that is 0.0041 and t is time that is 60 put here value we get

= $\frac{0.0041(1+0.0041)^{60}}{(1+0.0041)^{60} -1}$

= 0.01883

so monthly payment is = 28000 × 0.01883

monthly payment is $527

so correct option is B) $527

6 0

3 years ago

Read 2 more answers