Answer: The the minimum price that would induce this company to produce the 601st heart rate monitor is <u>$70</u>.
Explanation: The marginal cost of producing one more unit is equal to 30070 - 30000 = 70.
A company produces to the point where the price is equal to the marginal cost. In other words, the cost of producing one more unit does not exceed the benefit to be obtained from the sale of one more unit.
Answer:
1.) For Firm A: - B. Strategy 2 is a dominant strategy
A strategy is a governing strategy for a performer if it yields the best payment (for that player) no matter what strategies the other performers choose. Firm A receiving total payment of 30 from Strategy 2 as associated to 18 from Strategy 1.
2.) For Firm B: - A. Strategy 1 is a dominant strategy
A strategy is a governing strategy for a performer if it yields the best payment (for that player) no matter what strategies the other performers choose. Firm B getting total payment of 28 from Strategy 1 as associated to 22 from Strategy 2.
3.) D) Firm A chooses Strategy 2 and Firm B chooses Strategy 1.
Answer:
virtual office
Explanation:
A virtual office enables employees and management to work from remote locations by accessing business functions through the internet. A virtual office allows you to work as if you were actually in your physical office, but without the the actual office space. this concept is very associated with telecommuting and can actually lead to efficiency and productivity increases.
The statement “There is no point
in trying to anticipate things before they happen” is true. Life is complicated;
thinking of things ahead of time will only make matter worse. In order to have
a happy life, one must only think of the current situation and resolve it one
at a time. Stop living with what ifs and
start living with why not.