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Suppose an economy has historically grown at a rate of 1.25%. economic activity decreased every quarter over the past year, but the decline stopped this quarter. the economy is expected to grow at a rate of 1.4% in the near future, but monetary authorities are concerned that inflation may increase. this economy is probably in the _____ stage of the business cycle.
A. relating a story to someone who is struggling that tells how you dealt with a similar situation
Answer:
Variable cost per unit= $1.92 per car wash
Explanation:
Giving the following information:
$5,400, occurred in July when 2,700 cars were washed and the lowest bill, $3,100, occurred in February when 1,500 cars were washed.
To determine the variable cost, we need to use the high-low method:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,400 - 3,100) / (2,700 - 1,500)= $1.92 per car wash
Answer:
The correct option is (C) Game theory
Explanation:
The game theory is the way to studying the agent choices who generates the results in an economically manner as compared with the utilities of another agents
So as per the given scenario, as the oligopolies affect the good or bad market results so here the strategic decisions are required to understand for this the economist use the game theory
Therefore the correct option is (C) Game theory