AP MICROECONOMICS Breadbasket and Quicklunch are the only two sandwich shops serving a small town. Each shop can choose to set a high price or a low price for sandwiches. The payoff matrix below shows the daily profits for each combination of prices that the two shops could choose. The first entry shows Breadbasket's profits, and the second entry shows Quicklunch's profits. Assuming that both shops know the information is the matrix, answer the following. High Price Quicklunch Low Price High Price $105 $110 $40 $130 Breadbasket Low Price $120 $80 $75 $70 (a) Does each shop have a dominant strategy to set a high price, a dominant strategy to set or low price, or does it have no dominant strategy? 0 Breadbasket m) Quicklunch (b) the two shops do not cooperate on setting prices, what will be the profit for each shop? 0 (1) Breadbasket Quicklunch (c) The town government is concerned that food prices are too high. It decides to give a daily subsidy of $20 to any shop that chooses to set a low price for its food items. Redraw the payoff matrix under the government subsidy system. Using your redrawn payoff matrix, answer each of the following. 6) Would Quicklunch choose to set a high price or a low price? Explain using the specific values from your redrawn matrac ) Would profits for Breadbasket increase, decrease or stay the same? Explain with a comparison to your answer in part (b)). Use specific values

As firms become more sophisticated in their communication efforts, the trend is toward company blogs becoming more interactive and engaging.

Rather than simply providing one-way communication to customers and stakeholders, blogs are becoming a two-way conversation that invites feedback, suggestions, and questions.

Companies are using their blogs to humanize their brands and provide a behind-the-scenes look at their operations, as well as to share industry news and thought leadership.

They are also leveraging the power of social media to drive traffic to their blogs and increase engagement. By creating a community of loyal readers and contributors, companies are building trust and credibility, which can ultimately lead to increased sales and customer loyalty.

Overall, the trend is toward more conversational, authentic, and engaging company blogs that foster a sense of community and help companies build stronger relationships with their audiences.

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Answer:

False

Explanation:

This would actually decrease Larry's revenue per engine sold, but the quantity supplied should increase. The change in Larry's total revenue will depend on the price elasticity of demand. Total revenue could either decrease or increase depending on its PED:

Answer: factors of production, such as land and capital, is owned by workers.

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Answer:

Passive income is dependent on the actions of others, and you have little influence over the amount of money you earn. Without doing anything different, the money you receive from it might be extremely excellent or very awful. If, for example, you are a novelist and your book is panned, you may not be able to make a living from it. If people like it, on the other hand, you may make a lot of money.

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______________

Answer:

Passive income relies on what others do and you dont really have control over the amount of money you make

Answer:

Fulfillment centers handle the logistics required to get an order to a customer's doorstep, eliminating the need for you to package, address, and ship each order yourself.

Explanation:

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Answer:

A. Return on Investment

The amount that Olivia should pay if she decides to settle the loan on April 7th, 2018 instead is $6,209.17. Compound interest is computed periodically, such as quarterly or monthly.

Compound interest is the addition of interest to the principal sum of a loan or deposit, or we can say that the interest on an amount is reinvested so that it can also earn interest in the next period. So, it is very important to know how compound interest works and how to calculate it.

Here's how to calculate it:

Given:

Amount to be paid on January 18th, 2019 = $6,500

Interest rate = 3.44% compounded quarterly

Amount to be paid on April 7th, 2018, We can use the formula for compound interest to calculate the amount that Olivia will owe on April 7th, 2018:

A = P(1 + r/n)^(nt)Where:

A = amount after time t

P = principal (starting amount)

r = annual interest rate (as a decimal)

n = number of times interest is compounded per year

t = time (in years)

Let's substitute the values we know into the formula:

A = $6,500(1 + 0.0344/4)^(4/12)A = $6,209.17

Therefore, Olivia should pay $6,209.17 if she decides to settle the loan on April 7th, 2018 instead.

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The most important claim about Karl Marx would be the theorizing that capitalists would try to get more work from people for less pay.

He was a German philosopher who developed the foundations of communism, a system that criticized capitalism and its doctrines. His most prominent theories are about the transition to communism, the class struggle, the Marxist theory of ideology and surplus value.

Therefore, the correct option for the question refers to surplus value, which was defined for Karl Marx as the difference between the value of the work produced by employees and their salary paid. For him, the surplus value is the work produced and not paid, being a condition of exploration of the capitalist system.

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War communism and the New Economic Policy have quite different goals and outcomes. While the New Economic Policy promoted greater economic freedom and market-based policies, War Communism placed a greater emphasis on state control and centralization.

War communism and the New Economic Policy were two distinct economic policies that were implemented in Soviet Russia during the early 20th century. War communism was an emergency measure put in place during the Russian Civil War and aimed to consolidate the revolution and win the war. It emphasized state control and centralization, with the nationalization of industry and the requisitioning of grain from peasants. This led to widespread famine and economic dislocation. In contrast, the New Economic Policy allowed for limited private enterprise, the return of small-scale farming, and the use of currency. This market-oriented approach led to an increase in agricultural and industrial production and a significant improvement in living standards. Ultimately, the New Economic Policy was more successful in stabilizing the economy and setting the stage for future growth.

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Dumping is the practice of selling a large quantity of goods at a price lower than the production cost or the price in the domestic market, in another country.

It involves exporting goods at an unfairly low price to gain a competitive advantage or to eliminate competition in the target market. Dumping is generally considered an unfair trade practice as it can harm domestic industries in the importing country by creating an imbalance in the market, distorting prices, and potentially leading to the closure of local businesses. Many countries have laws and regulations in place to prevent or counteract dumping and protect their domestic industries from unfair competition.

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The statement provided seems to have duplicated the sentence about Indra Nooyi, so correct answer will be D: "We will process your claim when we receive a copy of your receipt."

This statement implies that there is a requirement to provide a copy of the receipt for claim processing. The company is informing the customer that their claim will be processed once the company receives the receipt.

This practice is common in many industries, especially when it comes to insurance claims, warranty claims, or reimbursement requests. Companies often require proof of purchase, such as a receipt, to validate the claim and ensure that the customer is eligible for the requested compensation or service. Requiring a copy of the receipt serves several purposes:

1. Verification: By requesting a receipt, the company can verify that the claimed transaction actually took place. It helps prevent fraudulent claims and ensures that only valid claims are processed.

2. Proof of ownership: The receipt serves as evidence of ownership or possession of the item or service for which the claim is being made. It establishes that the customer is eligible for the claim based on their purchase or interaction with the company.

3. Cost validation: The receipt contains information about the purchase price or cost of the item or service. It enables the company to validate the amount claimed by the customer and ensures that the compensation aligns with the documented transaction.

By stating that the claim will be processed upon receipt of the receipt, the company is indicating that this documentation is a necessary step in the claims process. It is important for the customer to provide the required receipt to facilitate the processing of their claim efficiently.

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Answer:

manger

Explanation:

i took the test

The job in the marketing field is not typically available to people just starting their marketing career as of Managers. Thus the correct option is A.

A career is what someone chooses as a vocation to earn money. An individual's career is based on his talents, skills, and abilities, which enable him to seek growth and development and achieve his life goals.

When an individual starts their career in the field of marketing they get opportunities on the beginner level like graphic designer, web developer as well as Editor.

The manager-level job is a high-position job that requires expertise and experience in order to bring excellent work to the organization by completing the tasks and achieving goals.

Therefore, option A is appropriate.

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Answer:

Compound interest is likely the most significant benefit of investing early in retirement. Though there's no guaranteed set rate of return, when you start saving for retirement earlier, you'll end up with more money with a smaller capital investment than if you wait until later in your career

Explanation:

Answer:

a runway is where the plane takes off and a landing strip is where the plane lands

Explanation:

Answer:

B 240

Explanation:

The set of businesses that share similar strategies within a diversified company is called a: strategic business unit.

A strategic business unit can be defined as a sub-unit or independent department of a diversified, fully funtional organization with a specific target market, vision, mission, and objectives.

Good examples of a diversified company with strategic business units are LG, Proctor and Gamble, etc., which have different product categories.

Therefore, the set of businesses that share similar strategies within a diversified company is called a: strategic business unit.

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Answer:

3. Investing is riskier than putting money in a savings accounts.

Explanation:

Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.

Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.

When x = 200 and x = 400, you can calculate the values of marginal cost, marginal product, and marginal revenue at these specific production levels. These numbers will provide insights into the changes in cost, production, and revenue associated with increasing the quantity produced from 200 to 400 units.

Marginal cost represents the additional cost incurred by producing one more unit of output. It is calculated as the derivative of the cost function with respect to the quantity produced (x). In this case, the marginal cost can be obtained by taking the derivative of the cost function c(x).

Marginal product refers to the additional output produced by employing one more unit of input. It is calculated as the derivative of the production function with respect to the quantity produced (x).

However, the given problem does not provide a production function explicitly, so it is not possible to determine the marginal product.Marginal revenue represents the additional revenue generated by selling one more unit of output.

It is calculated as the derivative of the revenue function with respect to the quantity sold (x). In this case, the revenue function can be obtained by multiplying the price function p(x) by the quantity produced (x).

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Answer:

You must consider the physical aspects of different work environments when choosing a career.

Answer:

For which career would these qualifications be most applicable?

ability to work alone and stay focused on a task

accuracy and precision in recording information

computer and technology skills

typically have significant post-secondary education

patience and persistence for repetitive tasks

Psychiatry

Nursing

Research

Dentistry

Explanation:

Identify the organization in charge of keeping tabs on shifts in the make-up of the American work force and predicting employment patterns.

How do you define organization?

An organization is a group of people who collaborate. Examples include a business, a union, a nonprofit organization, or a neighborhood group. The term "organization" can be used to describe a person, a group, a company, or the process of producing something. Corporations, charities, political parties, and clubs are a few examples of organizations, which are defined as structured groups of individuals. The bulk of these specialty schools are offered by nonprofit organizations.

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Answer:

The person will ask William to check his checking account and then William would have to lower the check amount he had previously wrote.

Explanation:

If you write a check or make a purchase for more than you have in your checking account, your bank may cover the difference. This line of credit offered by the bank is called overdraft protection. ... Furthermore, if your account remains overdrawn, your bank may also charge you daily interest on the loan.

Answer:

The answer is A

Explanation:

Answer:

absentee member.

Explanation:

A team member can become distracted by a work or personal problem that prevents him or her from following through on commitments made to the team. This team member is best described as an absentee member because it is safe to say that he didn't contribute anything to the team, as opposed to his or her promises or requirement to be supportive.

The BEST example of a fixed exchange rate is A. Nineteen European Union (EU) member states have adopted the euro (€) as their common currency, and their exchange rates are effectively fixed to each other.

A fixed exchange rate is a system in which the value of a currency is fixed, or pegged, to the value of another currency, commodity, or other measure of value.

In this case, the exchange rate between the European Union member states that have adopted the euro as their common currency is fixed, meaning that it does not fluctuate in response to changes in supply and demand.

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Savings can be based on either gross or net income, depending on the specific goals and objectives of the individual or organization.

Gross income refers to the total revenue earned before any deductions, such as taxes or expenses, are made. If savings are based on gross income, it means that a certain percentage or dollar amount of the total revenue will be set aside as savings.

Net income, on the other hand, refers to the total revenue earned after all deductions, such as taxes and expenses, have been made. If savings are based on net income, it means that a certain percentage or dollar amount of the remaining income will be set aside as savings.

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An annual rate of return is the profit or loss on a one-year investment. There are numerous methods for calculating the annual rate of return. If the rate of return is calculated monthly.

Multiply it by 12 to get the annual rate of return. Block Management, a collaborative programme between private landowners and the FWP, assists landowners in managing calculating activities and provides free hunting access to private land, as well as adjacent or isolated public lands. The participation of landowners in block management is entirely voluntary. The annualised return differs from the average and reflects the true gain or loss on an investment, as well as the difficulty in recouping losses.

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The most common form of competition is monopolistic competition blank, in which many firms compete for customers in a given market but with differentiated products.
Monopolistic Competition Market
Monopolistic Competition is a competition with other manufacturers who have similar products, but there are differences between each of them.
This difference is the hallmark of the productsproducts sold by each manufacturer.
The activity of producing these goods is known as product differentiation or product differentiation.  Because the products produced are almost similar, each producer will compete in terms of quality, price, and how to market their products.

Monopolistic Competition Market Characteristics
The characteristics of a monopolistically competitive market are as follows:
1. Has a very large number of producers
As in a perfectly competitive market, a monopolistic market has a large number of producers.  Due to the large number of producers, each producer has a relatively small market share.
2. There is Product Differentiation
Product differentiation is when a manufacturer produces a product that is slightly different, but similar to the products of its competitors.
In a monopolistically competitive market, when the price of one producer rises while the price of the product of another producer is constant, the demand for that product will fall.  Because, consumers will easily find substitute products from these products.
3. Each producer competes in terms of quality, price, and how to market their products
Because products in monopolistic markets tend to be similar, producers will compete in terms of quality, price, and how to market their respective products.
Manufacturers will compete to improve the quality of their products, such as through attractive product designs and services provided to consumers.
4. Producers are free to enter the market
Just like a perfectly competitive market, monopolistic market participants are also free to enter and leave the market.
The free entry and exit of the market means that there are no barriers for new producers who want to sell their products in the market or old producers who want to leave the market.

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