Answer:
F. Both firms have a dominant strategy to pick the Low Price option
Explanation:
In the given case as we can see that in the yellow form there is always a greater payoff by having a lesser price so it can be said that it set a less price
Now for the blue firm it also select the lesser price
So here the nash equilibrium would be
= (Low price, low price)
= (26,20)
The first payoff would be considered as a yellow firm and the other one is blue one
Therefore the last option is correct
Answer:
The amount of amortization expense each year is $500,000.
Explanation:
This can be calculated as follows:
Patent original cost = $3,000,000
Salvage value after 5 years = $500,000
Number of years to use before selling it = 5 years
Therefore, we have:
Annual amortization expense = (Patent original cost - Salvage value after 5 years) / Number of years to use before selling it = ($3,000,000 - $500,000) / 5 = $500,000
Therefore, the amount of amortization expense each year is $500,000.
Answer:
(A) Traditionalist
Explanation:
Traditionalist -
It describes that a person who believes that the old ways are the best one ,
Traditionalist are the person who believe in writing letters rather than sending emails .
The person who still feel the old and traditional methods are the best .
Similarly from the data of the question , the correct answer is (A) Traditionalist .
Answer:
win based on strict liability
Explanation:
Strict liability is a liability that is imposed on party by the claimant that proves that an action occurred and the defendant is responsible for it.
This provision does not require the claimant to prove a fault by the defendant. It is mostly used when an action is considered dangerous.
In this scenario Mike was blasting some holes in rocks. This is a dangerous activity that can cause harm.
Myra who broke her legs in the explosion only needs to prove Mike was responsible for the explosion that occurred for her to win based on strict liability provision.
The correct answer is A. Because if you want to start a new business is more convenient do it as solo proprietorship
