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Damm [24]
3 years ago
15

Why is it important to keep your own financial records?

Business
1 answer:
Serhud [2]3 years ago
4 0

Answer:

You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business

Explanation:

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What is a production possibility curve
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Hey I think A production–possibility frontier or production possibility curve is a curve which shows various combinations of set of two goods which can be produced with the given resources and technology where the given resources are fully and efficiently utilised per unit time
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3 years ago
Two firms decide whether to launch a new product: (i) If both firms choose to launch a new product, then each firm will receive
lisabon 2012 [21]

Answer:

don't launch

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing.

Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

The payoff matrix for this question is

                                     Launch (in millions)               Don't Launch  (in millions)  

Launch (in millions)                  $40, $40                      $30, $45

Don't Launch (in millions)         $45, $30                      $50, $50

It can be seen that the best strategy for each firm is not to launch because the payoffs of not launching ($45, $50) is greater than the payoff  of launching ($40, $30)

4 0
2 years ago
Ecologists try to reduce the likelihood that variables not under the control of the experimenter will unduly influence the resul
Travka [436]
They could influence the result by (<span>d.) replicating each treatment, including the control.
In researching something unknown, we never know what factors that might influence a certain occurrence. One way around this is to keep changing all the treatment and control on research subjects in order to find out which factors that gave out consistent results</span>
3 0
3 years ago
marginal cost _____ over the range of increasing marginal returns and _____ over the range of diminishing marginal returns.
Aliun [14]

Answer:

1 money

2 over

Explanation:

6 0
3 years ago
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3 years ago
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