Answer:
$135.52
Explanation:
Calculation for How much would it cost to buy a similar amount of goods and services in 2016
Using this formula
Cost to buy similar amount of goods and services in 2016=Amount in 2001x (Price level 2016/Price level 2001)
Let plug in the formula
Cost to buy similar amount of goods and services in 2016=$100*(240.0/177.1)
Cost to buy similar amount of goods and services in 2016=$100*1.3552
Cost to buy similar amount of goods and services in 2016=$135.52
Therefore How much would it cost to buy a similar amount of goods and services in 2016 is $135.52
Producer surplus is the difference between the amount a producer of a good receives and the minimum amount the producer is willing to accept for the good.
Cost to make 1 cake= $3
FIND SURPLUS PER CAKE
Surplus divided by 3 cakes
$19.50 ÷ 3= $6.50 surplus per cake
SALE PRICE OF CAKES
$3 cost + $6.50 surplus= $9.50
ANSWER: He must be selling his cakes for $9.50.
Hope this helps! :)
Answer:
The correct answer is option c.
Explanation:
A payoff matrix is a table that shows the payoff of two players according to the strategies they adopt. The rows show the strategies of one player and the columns show the strategies of the other and cells show payoff.
It is very important in game theory as it summarizes what return or payoff each player is getting according to its action or strategy.
It helps in determining whether a dominant strategy of players and Nash equilibrium exists or not.
Answer:
The following five ways of overcoming intercultural barriers will help you make the most of your cross-cultural business negotiations.
1. Research the other party's culture. ...
2. Consider the individual. ...
3. Build bridges across cultures. ...
4. Consider the broader context. ...
5. Take steps to reduce stress.