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Pie
3 years ago
11

Consider the following information for a simultaneous move game: If you charge a low price (LP) and your rival charges a LP, you

each earn $5 million in profits. If both charge a high price (HP), each will each earn $10 million in profits. However, if one charge a LP and the other does not, the firm that charges a LP will earn $15 million and the other firm will earn $1 million. ​ What is the Nash equilibrium of the game? a. ​Each firm charges a LP b. ​Each firm charges a HP c. ​You charge a LP and your rival charges a HP d. ​None of the above.
Business
1 answer:
Sati [7]3 years ago
5 0

Answer: B. Each firm Charges a HP

Explanation:

Nash Equilibrium is a point where there is no incentive from deviating for each firm to deviate or change its strategy.

Firms reach Nash Equilibrium Point when they both charge high price (HP). When both firms charge high price (HP) each firm will earn 10 million dollars at this point there is no incentive for either firm to change and charge lower price because they will earn $ 1 million. Each firm will just choose to charge high price regardless of what the other firm is doing.

 

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6. You own a company. You have identified a safety issue with one of your products. The company could
seraphim [82]

Answer:

B. immediately recall the product.

Explanation:

If a safety issue is identified in one of my product as a company owner, the first thing to do is to immediately recall the product. Recalling means asking people that are currently in charge of the product to return it in order to determine the ROOT CAUSE of the issue.

Once the product is recalled, then further investigation can be carried out. First is to determine what might be the root cause of the issue. This is done by questioning those that are in charge of the production processes. After different and diverse answers to questions, then I can streamline the answers to those we considered as the root cause of the problem to minimum before proffering necessary measures to be carried out in order to prevent the issue from occurring in the future.

The next step will be the implementation of the measures. If the measures that were put in place were able to solve the safety issue, then we can document and validate it so that can it can be referenced to in future in case of similar occurrence.

3 0
3 years ago
Read 2 more answers
22. Communication that takes place between a manager and employees of other workgroups is called ………… communication.
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Answer:

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3 0
4 years ago
On January 1, 2017, Yeager Company purchased some equipment for $4,700. The estimated life was five years, after which there wou
Salsk061 [2.6K]

Answer:

$575

Explanation:

Straight line method charges a fixed amount of depreciation using the formula :

<em>Depreciation expense = (Cost - Residual Value) ÷ Useful Life</em>

2017

Deprecation expense = $820

2018

Deprecation expense = $820

2019

<u>Calculate depreciable amount :</u>

<em>New depreciable amount = Previous Depreciable Amount - Accumulated depreciation - Increase in Residual amount</em>

                                           = $4,700 - $600 - $1,640 - $100

                                           = $2,300

<u>Determine the New useful life :</u>

Since 2 years have already expired, the new useful life out of the revised 6 years is 4.

<u>Depreciation Expense calculation :</u>

Depreciation Expense = Depreciable Amount ÷ Useful Life

                                      = $2,300 ÷ 4

                                      = $575

Conclusion :

The amount of depreciation expense for the year 2019 is $575

6 0
3 years ago
The two cofounders of Impact Technology, a data-storage firm in Research Triangle Park, North Carolina, were feuding with each o
Hitman42 [59]

Answer:

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Explanation:

Organisational behaviour specialists are people who study the behaviour of variety of individuals or employees in a work environment.

Organisational behaviour specialists make use of the following methods to study the behaviour of employees:

1) Anticident behaviour consequence analysis:

This involves studying the work environment of the employed, the behaviour that is generated as a result of the different conditions of the work environment and finding solutions that will lead to the elimination of such behaviours.

2) Pinpointing:

This method involves putting down certain punishments or consequences that will arise if a particular behaviour is carried out.

3) Observation and feedback:

Organisational behaviour specialist carry out different observations inorder to get a clear insight to certain behaviours, they also create feedback strategies to put an end to these negative behaviours.

8 0
3 years ago
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Pavel [41]

Answer:

1. Modern day young women, 2. Depending upon their personality profile, 3.Value of women struggle & their empowerment

Explanation:

Modern day young & educated women, aware of the gender inequality negative repercussions on women, are likely to be most invested in reading about women's movements.

I would cater to the audience based on various specifications of their demographic, socio economic, socio cultural profile. Eg : Considering their age group, language, income & education status etc & other factors. And would frame the presentation accordingly suitable to audience, as per mentioned in above illustrative & other crucial applicable aspects.

The message of 'value of women empowerment' & the value of 'women's struggle' in effort to achieve them : are appropriate message to be conveyed to this audience. So that they make a better ' gender equal' world for themselves as well as for other men & women.

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