Answer:
A simultaneous game was played between a shoplifter and a security guard.
The answer to the game was answered in accordance to the question stated above,
There is no Nash Equilibrium in the game, The shoplifter does not steal in this case, Does not steal, The security guard will be watchful, The security guard ill sleep on the job.
Explanation:
Solution
Given that:
Let our matrix be defined as follows
Security Guard
Vigilant or attentive Not vigilant, less attentive
Shoplifter Steal - 20, 15 15, -5
Does not steal 0, 3 0, 0
Now,
(1) There is no Nash Equilibrium in the game
(2) The shoplifter does not steal in this case
(3) The shoplifter does not steal
(4) The security guard will be watchful
(5) The security guard ill sleep on the job
Note:
Kindly find an attached copy of the complete question below
The blank should have “nonprice competition” the answer is C.
Answer:
Penetration Pricing Strategy
Explanation:
The reason is that the penetration strategy is used when the product that the company wants to offer to its customers has very little or no differentiation, which is the case here. It is also helpful in promoting the product as the product is sold at lower prices helps to attract potential customers to buy the product. So setting a penetration price is itself a promotion strategy as well.
Answer:
75,000 equivalent units
Explanation:
Calculation to determine What were the equivalent units of production for conversion costs for the month of March
First step is to calculate completed and transferred units
Completed and transferred units =5,000 + 70,000 − 25,000
Completed and transferred units = 50,000
Now let determine the equivalent units for direct materials cost
Using this formula
Equivalent units for direct materials cost =100% of the completed units + 100% of the ending inventory
Let plug in the formula
Equivalent units for direct materials cost= (50,000 × 100%) + (25,000 × 100%)
Equivalent units for direct materials cost=50,000+25,000
Equivalent units for direct materials cost=75,000
Therefore the equivalent units of production for conversion costs for the month of March is 75,000
