An economy produces only 1,000,000 computers valued at $2,000 each. Of these, 200,000 are sold to consumers, 300,000 are sold to

Answer:

6.43%

Explanation:

The insurance company will calculate the internal rate of return utilizing the method detailed below:

Cash flows      Year involved      Present [email protected]%  Present [email protected]%          

($100)                 1-20                      ($851)                            ($1,487.75)                      

$3,310                 20                        $492                             $1,832.67

                                                        ($359)                           $344.92

IRR=A%+ (a/a-b)*(B%-A%)

A%=10%  a= ($359) B%=3%  b=$344.92  

IRR=10%+(-$359/-$359-$344.92)*(3%-10%)

     =6.43%

Answer:

Explanation:

Synergy's Choices Large Budget Small Budget Dynaco's Choices Large Budget $20 million, $25 million $15 million, $0 Small Budget $0, $60 million $25 million, $30 million If Synergy assumes

If Synergy presumes Dynaco will opt for a large budget, then Synergy should also select a large budget.

If Synergy thinks Dynaco will choose a small budget, Synergy should still go for a large budget.

This indicates that Synergy indeed has a dominant strategy.

If Dynaco believes Synergy will pursue a large budget, it will likewise pursue a large budget.

Conversely, if Dynaco believes that Synergy will choose a small budget, it will choose a small budget as well.

Therefore, Dynaco lacks a dominant strategy.

Correctly stated, the Nash equilibrium is found at (large budget, large budget).

Answer:

The primary role of Exotic Craft's marketing division is to guarantee that the company's products are delivered to content customers.

Explanation:

The marketing division holds a crucial dual responsibility; it must ensure customer satisfaction and simultaneously work towards increasing overall sales and market share. The marketing department acts as the public face of the company and strives to represent it in the most favorable light.

Answer:

The price elasticity of demand for home heating oil is -0.36.

Explanation:

To find the price elasticity of demand for home heating oil, we can utilize the formula:

Elasticity of demand = (dQ/dPhho)*(P/Q)

Based on the information provided:

demand for home heating oil in Connecticut = Q = 20 – 2 Phho + 0.5 Png – TEMP

price of home heating oil = $1.20

price of natural gas = $2.00

Q = 20 – 2*1.2 + 0.5*2 – 12

Q = 6.6

Hence, we calculate price elasticity of demand as follows: (-2)*(1.2/6.6)

Thus, price elasticity of demand = -0.36.

The price elasticity of demand for home heating oil is -0.36.

Answer: The right answer is "subjective norm".

Explanation: If a college student contemplating a tattoo pauses to consider her parents' opinions regarding such an action, this thought process would reflect her subjective norm, as it specifically hinges on her parents' potential views about her behavior.