Answer:
Answer for the question:
Your buddy Amanda wants your advice. She presents you with the utility schedule above and wants to know how many units of Product B she should purchase to maximize her utility. She tells you the price of Product A is $6 and the price of Product B is $10. Amanda informs you she only wants to spend $48. How many units of Product B do you tell Amanda to purchase?
is given in the attachment.
Explanation:
Answer: c. All of these
Explanation:
Business analysis is difficult from operational databases for quite a number of reasons which include but are not limited to:
i. Every department having its own method for recording data - there is a misalignment of data definitions across differnent departments which means that users might not be able to compare data effectively.
ii. Data standards not applying across departments - Different departments usually use different formats to record data again making comparison difficult.
iii. The data, if available, often being incorrect or incomplete - missing data across departments due to lack of set standards can again make comparisons difficult.
Therefore all of the options are correct.
Answer:
The correct answer is b) American will leave fares unchanged and Southwest will leave fares unchanged.
Explanation:
The Nash Balance is a situation where individuals or players have no incentive to change their strategy taking into account the strategy of their opponents.
In the Nash equilibrium, the strategy chosen by each participant of a conflict or game is optimal, given the strategy chosen by the others. In other words, nobody will gain anything if they decide to change their strategy under the assumption that the other individuals do not change theirs.
It should be noted that under the Nash equilibrium the greatest gain is not necessarily obtained for all individuals or players as a whole. It is only true that each responds optimally to the strategy of others. In many cases, individuals would like to be able to reach another balance with higher profits but fail to do so because they face the risk of being betrayed.
