Answer: B. Both firm A and firm B choose the low price.
Explanation:
Both firm A and Firm B will choose the low price and make profits of $3 if there is no cooperation.
This is because at any other price, the other firms could go with the low strategy and get more profit.
For instance, if Firm A is using a low price and Firm B is using a high price then Firm A makes profit of $10 whilst B makes $1.
Conversely, if Firm B charges a low price and A a high price, A will make paltry profits of $1 while B would make $10.
Their best option therefore is to both pick the low price and make $3.
If they were cooperating they could both charge a high price and make $5 each.
Your question was incomplete so I attached the payoff matrix.
Answer:
$12,180.9
Explanation:
Data provided in the question:
2011 2010
Total expenses before taxes $10,452.40 $9,759.10
Operating income $1,728.50 $1,419.40
Net earnings $1,248.00 $948.30
Now,
Revenue = Operating income + Total expenses before taxes
Therefore,
The amount of revenues Starbucks should report for the year ending October 2, 2011
= $10,452.40 + $1,728.50
= $12,180.9
Answer: (D.)<u><em> a propensity to engage in war</em></u>
Explanation: A fascist regime or government is a political philosophy, movement, or regime that lauds nation and often race above the individual and that stands for a centralized authoritarian government headed by a dictator, severe economic and social regimentation, and forcible suppression of opposition.
The term was first used by Italian political leader Benito Mussolini under his totalitarian, anti-communist government.
Answer:
The answer is IV. opportunity cost
Explanation:
A production possibility curve or production possibility frontier is a curve that shows the possible combinations of different commodities that can be produced in a given economy, given the prevailing level of technology
Opportunity cost on the other hand is the expression of cost in terms of forgone alternative.
However the production possibility curve is directly related to opportunity cost because the PPC involves sacrifice in the production of one commodity in order that another one will be produced. Also when preparing a PPC, the downward slope show that there is an opportunity cost involved in the production of more of a commodity.
From the explanation above it is clear that the concept of opportunity cost can be illustrated using the PPC