1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Furkat [3]
4 years ago
5

A payoff matrix shows ________. a. the payment made to each factor of production for the production of a good b. the different c

ombinations of two goods that can be bought with a given income c. the return from each action that players can take in a game d. the various combinations of inputs required to produce a good
Business
1 answer:
anyanavicka [17]4 years ago
6 0

Answer:

The correct answer is option c.

Explanation:

A payoff matrix is a table that shows the payoff of two players according to the strategies they adopt. The rows show the strategies of one player and the columns show the strategies of the other and cells show payoff.  

It is very important in game theory as it summarizes what return or payoff each player is getting according to its action or strategy.  

It helps in determining whether a dominant strategy of players and Nash equilibrium exists or not.

You might be interested in
The capability-building process:_______.a. requires first developing the ability to do something, however imperfectly or ineffic
Dvinal [7]

Answer: Requires first developing the ability to do something, however imperfectly or inefficiently; second, translating this ability into a competence by learning to do the activity consistently well and at an acceptable cost; and then continuing to polish and refine its know-how in an effort to further improve its performance, ideally striving to match or beat rivals in performing the activity.

Explanation:

Capacity building involves an individual/organization learning to carry out their job task by starting with failures and successful outcomes, and continuing learning and attempting carrying out that task until perfection nearly attained when it comes to carrying out that job type.

6 0
4 years ago
Explain how to use informal assessment to effectively prepare for an examination​
Alchen [17]

Answer:

we can practice by using informal assessment to effectively prepared for a exam in the following ways ,when writing a informal assessment we can see where we went wrong and how to correct it ,we ask for help with understanding the informal assessment so when it comes to the examination we know and understand and ace that paper with better results

Explanation:

6 0
3 years ago
Identify the type of adjustment that would most likely be needed. Business B purchased a piece of equipment to be used in operat
Deffense [45]

Answer:  c . Depreciation

Explanation:

When accounting for fixed assets, it is important that they are recorded at their book value to reflect the effects of being utilized. This means that depreciation needs to be charged on fixed assets.

Even though the equipment in question was only purchased 2.5 months prior to the financial reports being made, depreciation still needs to be accounted for such that the equipment is represented at its book value in the financial statement.

7 0
3 years ago
Skill-biased technological change ______ the demand for high-skilled workers, while the slowdown in the pace of educational adva
ahrayia [7]

Answer:

Increases; higher

Explanation:

Skill-Biased Technology Change can be referred to as a shift in the production technology that takes preference of high skilled labour or workers over unskilled labour or workers.

This is achieved by increasing its relative productivity and, therefore, its relative demand.

Also, human capital is the accumulated knowledge (from education and experience), skills, and expertise. When education advancement reduces human capital reduces which at the long run reduces the number of skilled labours.

If there's a reduction in the number of skilled labours, then firms and organisations will be willing to pay huge sum of keep their available skilled labour and to hire new ones.

5 0
4 years ago
Read 2 more answers
The Great Giant Corp. has a management contract with its newly hired president. The contract requires a lump sum payment of $25,
grigory [225]

Answer: $3,719,548.95

Explanation:

As the amount will be an equal amount each year, it is an annuity. The lump sum to be paid in 6 years growing at 5% would be the present value of this annuity.

The payment will be;

FV = Payment * Future value interest factor of annuity, 6 years, 5%

25,300,000 = Payment * 6.8019

Payment = 25,300,000/6.8019

Payment = $3,719,548.95

7 0
3 years ago
Other questions:
  • Which of the following is a good reason to have a financial reserve that's larger than normal? A. You would be able to find anot
    10·2 answers
  • The cost incurred by a firm through the foregone earnings on capital invested is a(n):
    8·1 answer
  • The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn
    10·2 answers
  • For the purpose of process analysis, which of the following measures would be considered an appropriate flow unit for analyzing
    10·1 answer
  • For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acqu
    14·1 answer
  • Hal and Gavin are siblings who own a mattress recycling company. Demand has been increasing for their services and the brothers
    7·1 answer
  • For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acqu
    10·1 answer
  • Ramirez's adjusted basis in a passive activity is $45,000 at the beginning of the year. His loss from the activity for the curre
    15·1 answer
  • Which government branch creates the federal tax law
    13·2 answers
  • The limits on creating native applications are usually ________, not technological. Question 48 options: A) in finding skilled p
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!