Answer:
1. False
2. True
3. False
4. False
Explanation:
1. Associate degree
2. A masters in business administration would be an asset to someone wanting to run a business
3. A minor is a great way to augment skills
4. There is also a bachelors of fine arts
Answer:
Best response for Kate
If Hubert chooses left, Kate would have to choose Right so that Kate can make a payoff of 5.
If Hubert chooses right, Kate would still choose right to make a payoff of 5.
Best response for Hubert
If Kate chooses left, Hubert would choose Left to get a payoff of 8.
If Kate chooses right, Darnell would choose right so as to make a payoff of 6.
The dominant strategy is the one that a player can pick regardless of the action of the other play.
<h2><em>The only dominant strategy in this game is for </em><em>
<u>Kate</u></em><em> to choose </em><em><u>
right.</u></em></h2>
Kate will choose right regardless of what Hubert does because it will give the higher payoff. This is the dominant strategy.
<h2><em>The outcome reflecting the unique Nash equilibrium in this game is as follows: Hubert chooses </em><em>
<u>right</u></em><em> and Kate chooses </em><em>
<u>right</u></em><em>.</em></h2>
Kate will always choose right which would prompt Hubert to pick right as wel as as to make a payoff of 6.
Answer:
a. Yes, it is likely to be enforceable during Larry's employability with Curb.
Explanation:
Larry has signed a contract with Curb that he will not be writing script for any other show while he is working with him. If Larry writes the script for Jerry he will be held responsible for breach of contract terms, and the agreement is likely to be enforceable by court against Larry.
YOU CAN INVEST THINGS SUCH AS MONEY AND IT EXPANDS THE AMOUNT OF MONEY YOU HAVE. THIS MEANS THAT YOU CAN GET MORE MONEY AND HAVE MORE MONEY TO WASTE ON FUTURE PLANS.
Answer:
option (c) $600
Explanation:
Given:
Tax = $4 per unit
Initial equilibrium quantity = 2,000 units
Final equilibrium quantity = 1,700 units
Decrease in consumer surplus = $3,000
Decrease in consumer surplus = $4,400
Now,
Deadweight Loss is calculated using the formula:
Deadweight loss
=
× Tax × (Original equilibrium quantity - New equilibrium quantity)
on substituting the respective values, we get
Deadweight loss =
× 4 × (2,000 - 1,700)
or
Deadweight loss = 2 × (3) = $600
Hence,
the correct answer is option (c) $600