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- Suppose that a company is developing a new game Hint: ComputerDecision tree: It is a decision support tool which uses a tree-like model of decisions and their possible consequences, that also includes the chance event outcomes, resource costs, and the ut..
- Suppose that a consumer has the indifference map shown above Hint: Economics a)Consumer income is the sum accessible for after-charge allowance. It can likewise be depicted as an abundance increment, particularly from work or speculation. Individual pay is the s..
- Suppose that a consumer’s utility function Hint: Economicsb.) To acquire the demand equation, simply add the collected demands of the two family unit at every price. Linear demand equation is Q = a – bP, where the quantity demanded is the function o..
- Suppose that a country has a fixed exchange rate and no capital controls Hint: Capital flows indicate the movement of money for the resolution of the venture, job, or commercial actions. Capital flows amongst states can produce substantial profits. They permit depositors to spre..
- Suppose that a decision maker faced with four decision alternatives Hint: 1) a) optimistic approach: The best decision is d1 as it is the maximum payoff value under the decision Max (14, 11, 11, 13) = 14. ..
- Suppose that a digital music player has 13 tracks Hint: StatisticsProbability is determination of how likely something is to happen. it is considered unusual when its value is less than 0.05...
- Suppose that a discrete communication source generates one of the three Hint: Mathematics Initial Distribution vector implies circulation or installment because of Allowed Claims inside a specific Class net of any relevant Disputed Claims Reserve Account laid out for Dispu..
- Suppose that a firm has the following production function Hint: EconomicsThe production function mainly relates to the physical output of a creative process to physical inputs or economic factors of production meanwhile in a mathematical function that relates the ..
- Suppose that a firm in a monopolistically competitive industry Hint: Economicsa). The relationship between price and the average total cost is, if the price that a business entity charges on procuded goods or services is higher than its average cost of production for t..
- Suppose that a firm jointly produces two goods Hint: EconomicsIn economics, profit maximization denotes the small run or long run procedure by which a company can determine the price as well as the output levels that gives in more profits. In order to d..
- Suppose that a firm produces at an output level Hint: EconomicsThe rental rate is referred to a business's cost of doing business relative to what it could earn by investing the money in other things through the concept of economic rent, the cost over an..
- Suppose that a firm produces two units of Q2 for each unit of Q1 Hint: Economics The profit-maximizing optimal for the domination can be to yield at the quantity where marginal revenue is equivalent to marginal cost. It is denoted as MR = MC. If the monopoly yields ..
- Suppose that a firm's only variable input is labour Hint: EconomicsMarginal cost: Marginal cost of production is a crucial concept in the managerial accounting, because it could help the organization optimize their production through scale's economies. Now, ..
- Suppose that a firm’s marginal cost of production is constant Hint: EconomicsIn economics, the price elasticity of demand is defined as an economic gauge of the rise in the quantity of product demands relative to its variation in price. Price elasticity is used by eco..
- Suppose that a firm’s the marginal cost function is MC Hint: Economicsb.) Total cost (TC) can be referred to as the cost function that yields the lowest amount of costs related with generating the vector of outputs, this is also called the marginal unit variabl..