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Nookie1986 [14]
3 years ago
9

Suppose two companies own adjacent oil fields. under the two fields is a common pool of oil worth $60 million. for each well tha

t is drilled, the company that drills the well incurs a cost of $4 million. each company can drill up to two wells. what is the likely outcome of this game if each company pursues its own self-interest?
a. each company drills one well and experiences a profit of $26 million.
b. each company drills one well and experiences a profit of $22 million.
c. each company drills two wells and experiences a profit of $22 million.
d. one company drills two wells and experiences a profit of $32 million; the other company drills one well and experiences a profit of $16 million.
Business
1 answer:
zimovet [89]3 years ago
8 0
For the answer to the question above, I think the answer is
<span>$60 million divided by two companies
is $30 miilion

then less</span><span> the well incurs at cost of $4 million.

So</span><span> <u><em>each company drills one well and experiences a profit of $26 million.</em></u></span>


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he nation of Pecunia had a current account deficit of ​$ billion and a nonreserve financial account surplus of ​$ million in 201
Andrei [34K]

Answer: -$500,000,000

Explanation:

The Balance of payment is an account that shows the difference between the money coming into a country as a result of transactions with other nations and money going out for the same reason.

Given the figures in the question, the Balance of Payments is;

= Current Account balance + Nonreserve financial account balance

= -1,000,000,000 + 500,000,000

= -$500,000,000

4 0
3 years ago
Maria, a senior product manager at Impasse Software, recently retired. Since sales of Maria's primary products have been declini
sp2606 [1]

Answer:

Attrition

Explanation:

The right answer to the question is attrition and what is attrition in business sense: is simply means a situation where organization staff strength gradually and deliberately reduces as employees retire or resign and are not replaced.

So in this case Maria retire and nobody was hired to replace her position in the company and again all her subordinates were reassigned to other departments. It is also worth noting that attrition could also be a way of a company is losing her customer base as a result of other factors

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3 years ago
The control system at Western Mountains Health Associates ties executive salaries to nationally prevailing salary standards, and
soldier1979 [14.2K]

Answer: (D) Market control system

Explanation:

 The market control system is the process of managing all distribution of the products and the services in an organization. The main responsibility of the market control system is that it manages all the marketing department and also helps in rectifying the mistakes in the system.

There are basically four types of market control system are as follows:

  • Annual plan control
  • Effectiveness and the efficiency control system
  • Strategic control
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According to the given question, the Western mountain heath association is one of the control system that uses the concept of market control system for evaluating all the process in an organization such as transportation, pricing and the demand.

Therefore, Option (D) is correct.

7 0
3 years ago
Newark Company has provided the following information:
djverab [1.8K]

Answer:

$1829000.

Explanation:

Given: Cash sales, $540,000.

           Credit sales, $1,440,000.

           Sales returns and allowances, $99,000.

           Sales discounts, $52,000

Now, computing net sales of Newark.

Net sales= Cash\ sales+ Credit\ sales- Sales\ discount- Sales\ return

Net sales= 540000+ 1440000- 99000-52000

⇒ Net sales= 1980000- 151000

∴ Net sales= \$ 1829000

Hence, Newark´s net sales is $1829000.

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3 years ago
In which statement(s) is "demand" used correctly?
bixtya [17]

Answer:

its Two

Explanation:

6 0
3 years ago
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