Answer:
Explanation:
I will give a basic hint to understanding this problem
Prevailing technique or what is best known as "Dominant Strategy" is an activity profile that is best for a specific player review of what different players are picking. for this situation there is no prevailing procedure for any player on the grounds that there is no single activity profile that expands the result for any player.
So we can say from this observations that the following is valid;
- A doesn't have a dominant strategy
- B doesn't have a dominant strategy
There are two Nash equilibria for this situation. Both the organizations are charging a low cost and both the organizations are charging a significant expense.
As such they can augment their benefit given what the adversary is doing.
I hope this explains the observation seen.
cheers I hope this helps
Answer:
This is called deflation.
Explanation:
Deflation refers to the situation when there is a decline in the general price level, it causes the economy to slow down. It generally happens because of a reduction in the money supply.
The nominal costs of goods and services, labor, capital, etc. decline. But the relative prices, generally remain the same. '
The decline in price is not good for everyone and adversely affects producers. It is also harmful to borrowers. The decline in the price level increases the purchasing power of money.
The answer base on the given scenario would be letter a,
Roger would gain benefits as he was protected from a financial loss as this
insurance covers him financially as the insurance of which premiums he has paid
and were to gain would only make him the person of having to have the benefit
as he is the one who has the insurance covered for him, which is entitled to
his name and that the benefits and offers would be his gain.
Answer:
0.60
Explanation:
The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.
The formula is given below:
Percentage change in quantity =<u> (Q2 -Q1) </u> x 100
(Q2 + Q1) / 2
Percentage change in price = <u> (P2 -P1) </u> x 100
(P2 + P1) / 2
Elasticity =<u> Percentage change in price__</u>
Percentage change in quantity
Inserting the data:
Percentage change in quantity =<u> (30 -20) </u> x 100 = <u>10</u> x 100 = 40%
(30 + 20) /2 25
Percentage change in price = <u>($20 - $10)</u> x 100 = <u>10</u> x 100 = 66.6%
($20 + $10) /2 15
Elasticity of supply = <u>40%</u>
66.6%
= 0.60
humor is beneficial to a team because you can use it to lighten up the mood