Answer:
If Firm 2 does not advertise, Firm 1 should advertise
If Firm 2 advertises, then Firm 1 should also advertise
Firm 1 dominant strategy is to advertise
Firm 2 dominant strategy is to advertise
1. A. Nash equilibrium is for both Firms to advertise.
Explanation:
Nash equilibrium is a state where interactions by different firms in a matrix is involved. No firm can gain by a unilateral change of strategy if other firm does not changes its strategy. It is a situation where there is optimal when there is no deviation from the initial strategy. Here firm 1 can by advertise and Firm 2 can also optimize by advertising.
Answer:
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Answer:
Private savings = $360 trillion
Explanation:
Private savings is a summation of household and business savings. When there is economic growth there is stimulation of private savings, people have more money to save.
Private savings also drives economic growth because people have more money to invest in businesses that will have a higher output.
In a closed economy the formula for private savings is
Private savings = Y + TR - C - T
Private savings= 1414 trillion + 0 - 1010 trillion - 44 trillion
Private savings = $360 trillion
Answer: Based on this description, it's safe to say that Nikhil's job is high in c. autonomy.
Explanation:
What is meant by an autonomy character?
This is a person who is able to decide or make decisions without being forced to do so they are independent individuals who can take control of their own tasks at a very high standard level. They are professionally capable of using their freedom to make exceptional decisions that are well thought of and of high standard.
Nikhil works independently , is able to distribute the work to the team and is able to provide proper standard report every month without being told or forced to do so this qualifies under autonomy.
Answer: B. One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect
Explanation:
From the information given in the question, the journal entry at the time of sales will be represented as:
Debit Accounts receivable $1,750
Credit Sales $1750
Now, when the credit receipt is received as illustrated in the question, the journal entry will be:
Debit Cash $1,750
Credit Accounts receivable $1,750
Therefore, one asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.
The correct option is B.
