Answer:
Providing a subsidy to correct for an underallocation of resources.
Explanation:
In Economics, subsidy can be defined as the amount of money or benefits such as tax reduction given by the government to sellers in order to sustain production and enable the buy to continuously purchase the product.
If the production of a product or service involves external benefits, then the government can improve efficiency in the market by providing a subsidy to correct for an underallocation of resources such as capital, land and labor used for production of these products.
Answer:
The Capability Index for this process is 1.04. The right answer is B
Explanation:
According to the given data we have the following:
μ = 31 Seconds
USL = 45
LSL = 10
Standard deviation σ= 4.5
Therefore, in order to calculate the Capability Index for this process we would have to use the following formula:
Cpk=Min<u>(
USL-μ</u> , <u>μ-
LSL</u>)
3×σ 3×σ
Cpk=Min<u>(
45-31</u> , 31<u>-
10</u>)
3×4.5 3×4.5
Cpk = Min ( 1.04,1.56) = 1.04
The Capability Index for this process is 1.04
Answer:
The property would be given to the next available direct relation of his who happens to be his sister. This is because, most property are shared among siblings. Since Smith's sister is one of his sibling, she is entitled to receive the property.
Explanation:
Answer: Martha does not have a dominant strategy
Explanation:
A dominant strategy is one that a player can embark on and get the highest payoff regardless of the actions of their competitor.
In this scenario, there is no strategy that Martha can embark on that would provide the greatest payout regardless of Oleg's decision. If Martha advertises, Oleg makes the same amount advertising as well. If Martha does not advertise, Oleg would decide not to advertise as well and make the same amount.
Martha therefore has no dominant strategy as Oleg would make the same amount regardless of which decision is taken.
C, The identification of a problem for investigation
