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3 years ago

A ____________ gap between GDP and NDP indicates an increasing obsolescence/depreciation of capital goods..

Business

1 answer:

Tatiana [17]3 years ago

5 0

Answer:

Explanation:

GDP is gross domestic product and NDP is net domestic product.

GDP measures market value of total goods and services produced in a particular period of time.

NDP is net domestic product . In its calculation, we deduct the value of depreciation of capital goods produced from the value of GDP.

NDP = GDP - depreciation .

So growing gap between GDP and NDP reflects the increasing obsolescence of capital goods , which warrants replacement of capital goods .

OPTION A is correct.

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Answer:

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b) automatic mileage method:-

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3 years ago

Suppose Antonio and Caroline are playing a game in which both must simultaneously choose the action Left or Right. The payoff ma

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Answer:

Caroline to choose right

Antonio chooses left and Caroline chooses right.

Explanation:

Interpreting the payoff matrix:

Both choose right:

Antonio receives 3, Caroline receives 7

Both choose left:

Antonio receives 4, Carolina receives 6

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Antonio receives 7, Caroline receives 5

Caroline chooses right, Antonio chooses left:

Antonio receives 6, Caroline receives 8

As we can see, Antonio only has a better payoff then Caroline if she chooses left and he chooses right. Therefore, the dominant strategy is for Caroline to choose right, this way she will always have the greater payoff.

If Antonio chooses right, the outcome may alter depending on the outcome, therefore it is not a Nash Equilibrium. However, if Antonio chooses left, no matter what Caroline chooses, she will have the greater payoff. At the same time, if Caroline chooses right, Antonio cannot change the outcome by changing his strategy. Therefore, the outcome reflecting the unique Nash equilibrium in this game is as follows: Antonio chooses left and Caroline chooses right.

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3 years ago

Cashiers at the supermarket are allowed to adjust the price of an item up to a maximum of $5.0 without getting the manager's a

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3 years ago

Why does electronic commerce benefit small firms? Without e-commerce, small firms often lack the resources to expand beyond loca

Juli2301 [7.4K]

Answer:

Without e-commerce, small firms often lack the resources to expand beyond local markets.

Explanation:

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Generally, e-commerce comprises of four (4) business models and these are;

1. Business to Business (B2B).

2. Business to Consumer (B2C).

3. Business to Government (B2G).

4. Consumer to Consumer (C2C).

Without e-commerce, small firms who predominantly lack the resources to expand beyond local markets unlike larger business firm wouldn't be able to grow and develop into penetrating global markets.

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