Answer:
False
Explanation:
Exchange rate helps to determine the value of money in the foreign currency. If the exchange rate changes from 1.8 to 1.5 francs per dollar it means that the franc per dollar appreciates, and the dollar depreciates. Now, more dollars can be bought by trading Swiss franc compared to the previous rate. A decrease in exchange rate decreases the value of the dollar compared to the Swiss franc.
Be prepared for the worse, be expected for 100 or even 1000 people to show, even though it might not happen. Be prepared! Run your lines to the point to where they are drilled into your brain and most of all stay calm. You definitely do not want to have a panic attack while your giving your speech. Find a familiar face in the crowd and focus on them, if there are none, imagine everyone naked. Be energetic and do not drone on, make it exciting.
Good luck
Answer:
a) attached below.
b) for $x < $5000 will cause taking the drug to be part of the Nash equilibrium
c) will make the athletes feel better because the value their payoff will increase
Explanation:
<u>a) 2 * 2 payoff matrix describing the decision faced by the athletes </u>
attached below
when both players take the drug the payoff for each player = $5000 - x
when neither player takes the drug the payoff for each player = $5000
When only one player takes the drug his payoff = $10000 - x
<u>b) If we consider the value of $x to be involved in the Nash equilibrium then </u>
; $5000 - $x > 0 becomes the best response
hence for $x < $5000 will cause taking the drug to be part of the Nash equilibrium
c) Lowering the negative effect of the drug ( i.e. when the value of x is reduced )
will make the athletes feel better because the value their payoff will increase
The correct answer is C. The government
Explanation:
The key feature of a planned economy is the strong influence and control of government in the economy. Indeed, in a planned economy it is the government the entity that decides on trade and production, this includes the prices of goods and the types of products that should be manufactured. Moreover, this does not occur in market economies because in these customers, produces and the law of supply/demand determine factors of the economy. According to this, in a planned economy prices are controlled by government.
If the customer wants "to table" the discussion on price then I assume he wants to hold it for later ie not deal with it right now but defer it to a later date perhaps to when more data is available either from Melanie or from him to be able to make the discussion more meaningful.
