They will be able to produce more and have access to buying a more diverse set of goods.
Consider the example of internet shopping, which allows the customer to buy from companies all over the world and access a wider range of products.
Answer: On the job training
Explanation:
They ate required to learn as they are employed by a superior then they are assigned a machine which in due time would make them superior too after they become skilled. This cycle continues so even though one may not have much prior knowledge they can learn on the job.
Answer:
Consider the following explanation
Explanation:
Context
Game theory involves two players. They have more than one option to decide. Pay off from each options adopted by two players are available. They have to select a strategy which will maximize their own return. But for optimizing their decision, they have to consider the action of his rival.
In this problem, two players are firm A and firm B. They have two strategies low output and high output. The strategies of firm a are measured in rows and for firm B in columns. They have to select a strategy which will maximize their payy off. Each cell has two pay offs. First one is for Firm A and second one is for firm B.
1. Dominant strategy is a strategy which will always give higher payoffs in comparison with pay off of other strategies. Consider first strategy of firm 1. If it adopts strategy of low output, then firm 2 can also adopt either strategy of low output or high output. In that case pay off of firm 1 will be 300 or 200.
Alteratively if firm 1 adopts high output then pay offs are 200 or 75. 200 is earned if firm B also go for low productivity. It is 75 if firm B adopts high productivity.
Now compare two payoffs side by side. Note that firm A has higher pay off in low output [300,200] in comparison with the pay off of high output [200,75]. So whatever strategy firm B adopts, Firm A will always go for low production. So low production strategy of firm A dominates high production strategy.
Same result is not observed for firm B. Pay off from low production strategy of firm B is [ 250,75]. Pay off from high production strategy are [100,100]. Now compare the two. If Firm A go for low production, then firm B will select low production. It will give pay off 250. Similarly when firm A decides for high production, then firm will also decide for high production. It will maximize its pay off. Amount is 100. Thus no strategy dominates for firm B.
Answer:
I would work with the wireless media. More, specifically the radio as electrical waves are transmitted through the air and it enables mobile network communication. This is the era of smartphones and the more we can fit into our phones—securely of course—the faster we can get work done considering data is portable.
Explanation:
Answer:
b. $1,000
Explanation:
In this question we have to apply the unitary method which is shown below:
Given that
Payment = $20,000
Number of gallons of water = 5,000,000
Extracts = 250,000 gallons
So, the total depletion would be
= (Payment × extracted gallons) ÷ (Number of gallons of water)
= ($20,000 × 250,000 gallons) ÷ (5,000,000 gallons)
= $1,000
