Answer:
D. The Nash equilibrium is for Firm 1 and Firm 2 each to produce 10.
Explanation:
Firm 2
10 units 20 units
10 units 30 / 50 /
Firm 1 30 35
20 units 40 / 20 /
60 20
(firm 1 /
firm 2)
Firm 1's dominant strategy would be to sell 10 units with an expected payoff outcome = 30 + 50 = 80
Firm 2's dominant strategy would be to sell 10 units with an expected payoff outcome = 30 + 60 = 90
Since both firms have the same dominant strategy (to produce 10 units), there is a Nash Equilibrium where both firms produce 10 units and each one earns 30.
Answer:
d. the prices at which trade occurs
Explanation:
Terms of trade is the ratio of export prices to import prices.
Answer:
Please find the detailed answer as follows:
Explanation:
After reviewing Digby's current strategy, top five sources of competitive advantage for digby are as follows:
- Increase demand through TQM initiatives
.
- Offer attractive credit terms
.
- Seek excellent product designs, high awareness, and high accessibility
.
- Seek high plant utilization, even if it risks occasional small stockouts
.
- Reduce cost of goods through TQM initiative.
Related concepts to understand the problem.
Competitive advantage. A competitive advantage is an improvement over competitors gained by contribuiting consumers greater value.
The net effect of these changes in the expenditure if the marginal propensity to withdraw is 20 percent is that the consumer spending will rice.
<h3>How to illustrate the information?</h3>
In Keynesian macroeconomic hypothesis, it illustrates the impact of the monetary improvement spending.
If the government wanted to get the same impact through buying goods and services, the thing to do to increase the spending on goods and service is to reduce taxes and increase its expenditure.
The impacts that this might this decision have on the economy is that it will enhance globalization and and increase in the standard of living.
Learn more about expenditure on:
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Answer:
12%
Explanation:
Contribution margin ratio is calculated as
= Contribution margin / Sales
Sales [ $12 each × 1,000 drives sold] $12,000
Less Variable costs [$9 each x 1,000 drives sold]
($9,000)
Contribution margin
$3,000
Less Fixed costs
($1,000)
Operating profit
$1,000
Recall that contribution margin ratio
= [ Contribution margin / Sales] × 100
= [ $3,000 / $12,000 ] × 100
= 12%
Therefore, contribution margin ratio is 12%
