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3 years ago

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

Business

2 answers:

Natasha_Volkova [10]3 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]3 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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<h3>What is Horizontal channel conflict?</h3>

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Example when two retailers compete against each other or when two producers compete against each other.

Therefore When best buy and sears engage in a price war on maytag appliances, <u>Horizontal</u> channel conflict can occur.

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3 years ago

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Mars2501 [29]

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Lera25 [3.4K]

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<h3>What is the IRR function?</h3>

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IRR stands for the interest rate at which the sum of all cash flows equals zero, thus it exists useful for comparing one investment to another. In the initial example, if we substitute 8% with 13.92%, the NPV evolves to 0, and your IRR becomes zero. As an outcome, IRR is described as the discount rate at which a project's NPV becomes zero.

IRR function for this problem exists 7. 7% and invest in the project.

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2 years ago

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

valkas [14]

Answer:

C. high-volume, low-variety products

Explanation:

There are other types of processes. This process is completely developed around the product, it is considered a continuous process with high volume of products that have low variety. <em>It presents a high facility utilization (this is considered an advantage), organized by product, which receives a high-fixed price, but the variable cost is low.</em>

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