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xz_007 [3.2K]
2 years ago
12

There are two plant nurseries in a small town. They are called Tumbleweed and Native Roots. If neither advertises, Tumbleweed ma

kes $80,000 a month in profits and Native Roots makes $95,000. Advertising would cost each firm $20,000 a month. If only one firm advertises, that firm increases sales by $50,000 a month whereas the nonadvertising firm loses out. If Tumbleweed doesn't advertise but Native Roots does, Tumbleweed loses $30.000 a month. If Native Roots doesn't advertise but Tumbleweed does, it loses $35,000 a month. If both advertise, they increase revenue by $15,000 each. Insofar as they grow their products from the ground, they don't have any increased costs when they have increased sales (that is, their marginal cost of production is $0).
Part 1 What is the amount of profit Tumbleweed makes when both advertise?
How much profit does Native Roots make when both advertise?
Part 2 What outcome is predicted (that is, the Nash equilibrium) for these two firms, given the figures above?
Choose one: •
A. Both firms advertise.
B. Tumbleweed advertises, but Native Roots doesn't.
C. Native Roots advertises, but Tumbleweed doesn't.
D. Neither firm advertises.
Business
1 answer:
dedylja [7]2 years ago
8 0

Answer:

1. a. $75,000

b. $90,000

c. A. Both firms advertise.

Explanation:

1. a.  Tumbleweed profits when both advertise.

When both advertise they get an increased revenue of $15,000 however they will pay $20,000 for adverts which means they will have a net gain from advertising of -$5,000.

Tumbleweed profits = Amount when non advertises + Gain from advertising

= 80,000 + ( - 5,000)

= $75,000

b.  Native Roots profit if both advertise;

= Amount when non advertises + Gain from advertising

= 95,000 + ( 15,000 - 20,000)

= $90,000

2. A. Both firms advertise.

The Nash Equilibrium is the strategy that either of the two plant nurseries will take and not have to worry about the actions of the other nursery because this strategy provides the highest payoff regardless of their competitors actions.

Both firms advertising will be that strategy because if neither advertise, one will then advertise and the other would make losses so will then advertise as well.

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<span>A major difference between juvenile and adult courts is that juvenile courts are more likely to consider extenuating circumstances (emotional, mental, situational, etc.). Frequently, young people will only be moved to adult courts if their crime was particularly heinous, a history of rehabilitation services have not improved the situation, the young person needs a significant about of intervention, or simply that the juvenile is nearly an adult. Though there is evidence of some past intervention on Gwendolyn's behalf, we have no evidence that the crime was planned. Though she was breaking the law and one could say that the possibility of an accident was a logical conclusion, there is (based on this) no evidence that she went out with the intention of hurting or killing someone. Also, given that she is still a minor and at an age when her reasoning abilities are not fully formed, she honestly may not have been able to make that connection. So, no, she should not be tried as an adult. However, she should serve actual time in a center, receiving rehabilitative services and completing community service in order to balance out some of the horror she has brought into the world through the death of a child.</span>
4 0
2 years ago
In a situation of neither input nor output fixed, the proper economic criterion is to _________________. A. Maximize the output
arsen [322]

Answer:

D. Maximize (outputs - inputs)

Explanation:

The input is the raw material, labor, the efforts that is used in making the product while the output is the product or the result arising from the input

The profit arises when output and the input varies from each other

i.e

Profit = Output - input

In the case where there is neither an input nor output fixed, so we have to maximize the profit i.e (output - input) but the condition is that they are different from each other

Hence, the correct option is D.

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2 years ago
In 2018, the country of Brazil, had imports of $78.02 billion and had a favorable balance of trade. This means that Brazil had:_
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Answer:

c. more than $78.02 billion in exports

Explanation:

The nation of Brazil had imports of $78.02 billion in 2018 and had a positive trade balance. This means that Brazil has exports of greater than $78.02 billion. That if a country's exports go beyond its imports, it is claimed that the country has a positive balance of trade. It indicates that Brazil has exports of greater than $78.02 billion.

Hence, the correct option is c.

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The manager at East Coast Manufacturing organizes costs to prepare the Costs of Quality report. The manger compiled the followin
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Answer:

The total cost of quality the manager should use to report the costs in the internal failure cost​ category is $297,000

Explanation:

The computation of the internal failure cost is shown below:

=  Rework cost + Cost of rejected units

= $257,000 + $40,000

= $297,000

The cost of internal failure includes both the cost of rework and the rejected units.

The other information which is given in the question is not relevant. Hence, ignored it as it would not be considered and thus not taken in the computation part.

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Answer: Both ‘8.2%’ and ’14.6%’ are descriptive statistics.

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In this question, the information just tells us the percentage of people who had a particular opinion for a given question. Hence these percentages describe the data.


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