D. Eliminates other options is correct. Just took the test.
Answer:
The answer is game theory.
Explanation:
The classical example of game theory in the business world arises when analyzing an economic environment characterized by an oligopoly. Competing companies have the option to accept the basic pricing structure agreed upon by the other companies or to introduce a lower price schedule.
The social media(news) does all of the above
Answer:
Correct option: (b) 32.357 and 71.420
Explanation:
The confidence interval for population variance <em>σ</em>² is:
Given:
Compute the critical values of chi-square as follows:
Use the chi-square table for the critical value.
Thus, the critical values are 32.36 and 71.42.
Answer:
Point C
<em>Diagram is available online but cannot be imported due to its format</em>
Explanation:
A reduction in the cost of inputs means that suppliers will avail more fish in the market. An increase in supply caused by other factors other than price shifts the supply to the right. A shift of the supply curve outwards or the right makes the equilibrium point to move to capture an increase in supply.
In the diagram, the new equilibrium point will be at point C. The supply will increase due to a reduction in input costs.