Honda and general motors have both built plants in thailand to take advantage of

Experiments based on the "ultimatum game" indicate that people are generally:

12345 [234]

Answer:

The correct answer is letter "B": willing to pay money (reduce their income) to enforce their own sense of fairness.

Explanation:

The "ultimatum game" is an economic strategy in which two individuals are gathered knowing they will see each other only once. The first individual is in charge of proposing an offer on diving an amount of money. If the second individual rejects the offer neither one of them gets anything. If the second individual accepts the offer, the first individual obtains what was demanded and the rest goes for the second individual.

Thus, the "ultimatum game" shows how someone (the second individual) could turn down a unique offer that does not meet his or her demands. This, with plain knowledge the offer another individual could provide, might be worse, thus, reducing the chances to obtain what is desired for defending his or her sense of fairness.

5 0

3 years ago

A consumer expenditure survey reports the following information on consumer protein spending:201820192020PQPQPQFish$2.001000$2.5

ivann1987 [24]

Answer:

(a) "Cost of living" index decrease by 14.42% between 2018 and 2019.

(b) "Cost of living" index increase by 30.73% between 2018 and 2020.

(c) "cost of living" index increase by 45.05% between 2018 and 2020.

Explanation:

Note: See the attached excel file for the calculations of the "cost of living" index for eash of 2018, 2019, and 2020 using 2018 as the base year.

(a) by how much does a "cost of living" index increase between 2018 and 2019.

Cost of living index in 2018 = 100%

Cost of living index in 2019 = 85.68%

Increase (decrease) in cost of living index = Cost of living index in 2019 - Cost of living index in 2018 = 85.68% - 100% = (14.42%)

Therefore, "cost of living" index decrease by 14.42% between 2018 and 2019.

(b) by how much does a "cost of living" index increase between 2018 and 2020.

Cost of living index in 2018 = 100%

Cost of living index in 2020 = 130.73%

Increase (decrease) in cost of living index = Cost of living index in 2020 - Cost of living index in 2018 = 130.73% - 100% = 30.73%

Therefore, "cost of living" index increase by 30.73% between 2018 and 2020.

(c) by how much does a "cost of living" index increase between 2019 and 2020

Cost of living index in 2019 = 85.68%

Cost of living index in 2020 = 130.73%

Increase (decrease) in cost of living index = Cost of living index in 2020 - Cost of living index in 2018 = 130.73% - 85.68% = 45.05%

Therefore, "cost of living" index increase by 45.05% between 2018 and 2020.

Download xlsx

8 0

3 years ago

You would like to establish a trust fund to provide $140,000 a year forever for your heirs. The expected rate of return is 5.45

ryzh [129]

Answer:

The amount of money that must be deposited to day to fund this gift is $2,568,807.34.

Explanation:

In order to determine this, we employ the formula for calculating the present value of a perpetuity since the fund is meant to provide $140,000 a year forever.

A perpetuity can be described as payments that is made or received periodically forever or indefinitely.

The formula for calculating the present value of a perpetuity is given as follows:

PV = M / i ............................. (1)

Where;

PV = the amount of money that must be deposited today = ?

M = yearly amount to receive forever = $140,000

i = expected rate of return = 5.45, or 0.0545

Substituting the values into equation (1), we have:

PV = $140,000 / 0.0545

PV = $2,568,807.34

Therefore, the amount of money that must be deposited to day to fund this gift is $2,568,807.34.

7 0

3 years ago

Which of the following is NOT an example of sales promotion?

jenyasd209 [6]

Answer:samples

Explanation:All of the other answers are indeed marketing but samples are just a way of seeing other people views on whatever your giving samples for

6 0

3 years ago

Price discrimination: Multiple Choice tends to decrease the profits of the competitive firm. is more successful if one consumer

ipn [44]

Answer:

can benefit consumers with a lower willingness to pay as compared to other consumers in the market.

Explanation:

Price discrimination occurs when a supplier sells a product to different customers at different prices.

The criteria for discrimination can be as a result of income, social class, demographics and so on.

Price discrimination is not a good strategy in a competitive market as consumers will move to other suppliers when the price is not conducive.

However a consumer who is less willing to buy the product can benefit from this because the supplier is open to lowering the price depending on certain criteria

8 0

3 years ago