1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ioda
3 years ago
12

Martha and Oleg are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them

advertise, each will earn a profit of $5,000. If neither of them advertise, each will earn a profit of $10,000. If one advertises and the other doesn't, then the one who advertises will earn a profit of $8,000 and the other will earn $7,000. What is Martha's dominant strategy
Business
1 answer:
ad-work [718]3 years ago
5 0

Answer: Martha does not have a dominant strategy

Explanation:

A dominant strategy is one that a player can embark on and get the highest payoff regardless of the actions of their competitor.

In this scenario, there is no strategy that Martha can embark on that would provide the greatest payout regardless of Oleg's decision. If Martha advertises, Oleg makes the same amount advertising as well. If Martha does not advertise, Oleg would decide not to advertise as well and make the same amount.

Martha therefore has no dominant strategy as Oleg would make the same amount regardless of which decision is taken.

You might be interested in
Maytag Company earns $4.80 per share. Today the stock is trading at $59.25. The company pays an annual dividend of $1.40. a. Cal
shepuryov [24]

Answer:

A. Price-earnings ratio= 12.34

B. Yield on the stock = 2.36%

Explanation:

A. Calculation for the price-earnings ratio using this formula

Price-earnings ratio=Market Price Per Share / Earnings Per share

Let plug in the formula

Price-earnings ratio=59.25 / 4.80

Price-earnings ratio= 12.34

B. Calculation for the yield on the stock using this formula

Yield on the stock=Annual dividends per share / market price per share

Let plug in the formula

Yield on the stock=1.40 / 59.25

Yield on the stock = 2.36%

Therefore the Price-earnings ratio is 12.34 while the Yield on the stock is 2.36%

4 0
2 years ago
Samantha's rating in a job interview is high in contrast to the candidate who was interviewed directly before her, who was rated
nordsb [41]

Answer:

C. Contrast effect

Explanation:

In the statement we can see that Samantha and the other candidate were interviewed back to back therefore they found Samantha being the normal candidate on how an interview should run compared to the previous candidate therefore Samantha's interview is high in contrast as we know that contrast effect deals with the perception of people on value of objects or people in this case Samantha and the previous person being interviewed to check the differences and value they can bring to a company in comparison  with the normal attributes that are needed in an individual for the job by using key responsibilities and skill in the job description and post for the Vacancy before they applied. So Samantha's key qualities are very different from the previous person being interviewed.

4 0
3 years ago
Read 2 more answers
Opportunities for college graduates in international business continue to decrease as it gets more expensive to travel abroad.
n200080 [17]

The correct answer is; False.

Further Explanation:

This is a false statement. College graduates actually have more opportunities to work in international businesses. Travel costs are decreasing and people are finding cheaper places to live abroad. Many recent graduates stay in hostels, shared rooms, and may even get a living allowance from the company they are working for. For travel, people are using points and reward programs to get discounted tickets. Some countries will even pay for the work visa if the employee signs a contract to work exclusively for the company for a certain time period.

There are numerous international jobs for graduates that are wanting to live abroad. Here is a list of some of the jobs available for recent graduates;

  • English teachers
  • Banking
  • Managerial positions
  • Lawyers
  • Nurses
  • Doctors

There are even jobs for people with no college degree to work internationally. Here is a list of a few jobs for those workers;

  • Au pair
  • Bartender
  • English teacher (some places do not require a teaching degree)
  • Remote work online
  • Travel blogging
  • Yacht sailing

Learn more about working abroad at brainly.com/question/14774633

#LearnwithBrainly

8 0
3 years ago
Veltri Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.77 direct labor
olasank [31]

Answer:

Total direct labor cost= $122,752

Explanation:

Giving the following information:

Each unit of output requires 0.77 direct labor-hours.

The direct labor rate is $11.20 per direct labor-hour.

Production budget:

October= 7,100 units

November= 6,900 units

Minimum hours= 5,480 hours

First, we need to determine the number of hours required for each month.

October= 7,100*0.77= 5,467 hours

November= 6,900*0.77= 5,313 hours

Direct labor budget:

October= 5,480*11.2= 61,376

November= 61,736

Total cost= $122,752

3 0
3 years ago
QUICKEST AND BEST ANSWER GETS A FOLLOW AND BRAINLIEST
Bumek [7]
Back in 2015, McDonald’s was struggling. In Europe, sales were down 1.4% across the previous 6 years; 3.3% down in the US and almost 10% down across Africa and the Middle East. There were a myriad of challenges to overcome. Rising expectations of customer experience, new standards of convenience, weak in-store technology, a sprawling menu, a PR-bruised brand and questionable ingredients to name but a few.

McDonald’s are the original fast-food innovators; creating a level of standardisation that is quite frankly, remarkable. Buy a Big Mac in Beijing and it’ll taste the same as in Stratford-Upon Avon.

So when you’ve optimised product delivery, supply chain and flavour experience to such an incredible degree — how do you increase bottom line growth? It’s not going to come from making the Big Mac cheaper to produce — you’ve already turned those stones over (multiple times).

The answer of course, is to drive purchase frequency and increase margins through new products.
Numerous studies have shown that no matter what options are available, people tend to stick with the default options and choices they’ve made habitually. This is even more true when someone faces a broad selection of choices. We try to mitigate the risk of buyers remorse by sticking with the choices we know are ‘safe’.

McDonald’s has a uniquely pervasive presence in modern life with many of us having developed a pattern of ordering behaviour over the course of our lives (from Happy Meals to hangover cures). This creates a unique, and less cited, challenge for McDonald’s’ reinvention: how do you break people out of the default buying behaviours they’ve developed over decades?


In its simplest sense, the new format is designed to improve customer experience, which will in turn drive frequency and a shift in buying behaviour (for some) towards higher margin items. The most important shift in buying patterns is to drive reappraisal of the Signature range to make sure they maximise potential spend from those customers who can afford, and want, a more premium experience.
I hope this was helpful
8 0
3 years ago
Other questions:
  • Which level of maintenance involves preventive and corrective procedures which are intended to restore equipment to a mission-ca
    5·1 answer
  • Who knows the answer? I will give you brainliest points?
    5·1 answer
  • Read each scenario and pick the statement that matches it.
    10·1 answer
  • You have been called in as a consultant toset up a Kanban control system. The first thing to do is to determine the number of Ka
    6·1 answer
  • When utilizing mbo, the manager and employee jointly set objectives for the employee, the manager develops action plans, the man
    9·1 answer
  • During June, Vixen Company sells $850,000 in merchandise that has a one year warranty. Experience shows that warranty expenses a
    11·1 answer
  • An electronics firm is currently manufacturing an item that has a variable cost of $ 0.50 per unit and a selling price of $ 1.00
    15·1 answer
  • The Thomlin Company forecasts that total overhead for the current year will be $11,415,000 with 180,000 total machine hours. Yea
    13·1 answer
  • 65 employees have earned two weeks of vacation time to be taken the following year. If the average weekly salary for these emplo
    9·1 answer
  • Buyers and sellers negotiate prices for goods and services through supply and demand in a(n) ________ economy.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!