Answer:
- Your optimal strategy is to accept the proposed division.
- Your optimal strategy is to offer your classmate $ 0.49.
Explanation:
An optimarl strategy is one that maximizes a player’s expected payoff. In this case this is a cooperative game.
Based on the CPI in both places, the Brexington salary in Charlieville is $30,000.
<h3>Brexington salary in Charlieville </h3>
This can be found by the formula:
= Brexington salary x CPI of Charlieville / CPI of Brexington
Solving gives
= 50,000 x (90 / 150)
= $30,000
In conclusion, option A is correct.
Find out more on CPI at brainly.com/question/512131.
Answer:
$10,000
Explanation:
Given that
Total revenue is $70,000
Total fixed cost is $40,000
And, the total variable cost is $10,000
According to the given situation, the computation of profit is shown below:-
Profit = Total Revenue - Total Fixed cost - Total variable cost
= $70,000 - (10,000 × $4) - 10,000
= $70,000 - 40,000 - 10,000
= $10,000
Therefore for computing the profit we simply applied the above formula.
Answer:
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.
