At the start of the COVID-19 pandemic, there were times when it was difficult to find essentials such as toilet paper at the supermarket. Many people, worried that they were not going to be able to buy groceries for a while, wanted to ensure they would have enough of them and started panic buying them. a) Write a payoff matrix that captures the situation explained above and explain how it captures the situation above. b) Describe the incentives of each player and outline what the socially optimal strategy would be, and why that was not achieved. Imagine that there has been another hoarding crisis and your neighbour knocks on your door: they are worried because they have only 2 toilet paper rolls left, and you still have 10.

Answers

Answer 1

The payoff matrix captures the situation by presenting the possible choices and outcomes of both players involved: you and your neighbor.

b) Incentives and Socially Optimal Strategy:Your Incentives: The incentive for you to hoard toilet paper is to ensure you have an ample supply in case of shortages. However, not hoarding would allow for a fair distribution of resources and cooperation with your neighbor.Neighbor's Incentives: Your neighbor's incentive is to ask for your extra toilet paper rolls to alleviate their worry of running out. They might feel that they need the extra rolls for security and peace of mind.The socially optimal strategy would be for you to share some of your toilet paper rolls with your neighbor, considering their immediate need and the overall welfare of the community. By sharing, both parties would have enough to meet their needs and reduce the panic surrounding the shortage.

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Related Questions

the company also has $64,000 of utilities expense, which is an indirect expense to all departments and is allocated to the four departments based on square feet occupied. the shoes department has 9 employees and the clothing department has 3 employees. personnel expense is allocated to operating departments based on the number of employees. office expense is allocated to operating departments based on sales.

Answers

Expenses are allocated to departments based on square feet occupied, number of employees, and sales generated.

In this scenario, the company has allocated indirect expenses, such as utilities, personnel, and office expenses, to the operating departments based on certain criteria.

The utilities expense of $64,000 is an indirect expense to all departments, and it is allocated to the four departments based on square feet occupied.

This means that the department occupying more square feet will have a higher allocation of the utilities expense. This method of allocation is reasonable as it is based on the usage of the utilities by each department.

The personnel expense is allocated to the operating departments based on the number of employees. The shoes department has nine employees, and the clothing department has three employees.

Hence, the shoes department will receive a higher allocation of personnel expenses than the clothing department. This method of allocation is justifiable as it reflects the actual number of employees working in each department.

The office expense is allocated to operating departments based on sales. This means that the department generating more sales will have a higher allocation of the office expense.

This method of allocation is reasonable as it is based on the contribution of each department to the overall revenue of the company.

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Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.

Answers

Answer:

diversification

Putting money into more than one kind of investment at a time is called diversification.

What is diversification?

Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.

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What type of marketing is generally characterized by limited communications and little or no ongoing relationship between the buyer and seller?.

Answers

A type of marketing that is generally characterized by limited communications and little or no ongoing relationship between the buyer and seller is transactional marketing.

What is transactional marketing?

Transactional marketing is one business strategy that focuses on single "point of sale" transactions. This strategy emphasizes is on maximizing the volume and efficiency of individual sales rather than developing a relationship with the buyer. The advantage of this strategy is the cost-effective strategy to build a sales model. It's because the strategy doesn't focus on brand image and the promotional costs are low. The example of transactional marketing is a shopping channel on TV advertising a new product and provides a phone number or website to buy the product in that moment.

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After a housing bust that reduces exogenous investment,Keynesian countercyclical policy is A. Raise government spending B.Raise taxes C.Reduce government spending D.Both B and C E.None of the above

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After a housing bust that reduces exogenous investment, Keynesian countercyclical policy would involve raising government spending so that the correct answer is option (A).

Keynesian economics focuses on stimulating demand to mitigate the negative effects of economic downturns. In the context of a housing bust that reduces exogenous investment, this would entail an increase in government spending to boost aggregate demand and stabilize the economy. By implementing expansionary fiscal policies, such as increased infrastructure projects or direct financial support to households, the government can help counter the negative effects of the housing bust and support economic recovery.

Raising taxes (Option B) or reducing government spending (Option C) would be contractionary fiscal policies, which are not appropriate during an economic downturn as they would reduce demand and further exacerbate the situation. Therefore, Options B, C, and D are not correct. In conclusion, the appropriate Keynesian countercyclical policy in this situation is to raise government spending (Option A).

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Whoever says I WIN first gets a brainliest

Answers

Answer:

I WIN

udyfjctdkbhdyghdgvhfhv

Answer:

i win

Explanation:

:))))

Which completes the equation?
O + A + Consideration (+______) = K

Legal capability
Legal capacity
Legal corporations
Legal injunction

Answers

"Legal capacity" is the final term that completes the equation.

What is the full legal age?

What a person is legally capable of doing depends on the rules and regulations of the legal system. It is a fiction with no underlying reality that every legal system uses to establish a relationship with its constituents.

What does the legal competence to contract mean?

A party has the legal authority to enter into a contract if they have the capacity to do so. Capability also implies that a person must be legally competent. A person's ability is determined by two factors: whether they are of legal age to enter into contracts and if they are mentally able to do so.

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The Federal Reserve implemented a series of new policies and tools in response to the 2007-2008 financial crisis and recession. Many economists believe these policies helped avert another Great Depression, but exacerbated what problem in the financial system

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Considering the situation described the many economists believe these policies helped avert another Great Depression but exacerbated the inflation problem in the financial system.

This is because the new policies and tools used to tackle the 2007-2008 financial crisis and recession was based on Keynesian economics.

However, while Keynesian economics concentrates on regulating aggregate demand to solve or prevent economic recessions, it is considered inflationary.

This is because it is believed that these policies encourage lower tax rates and increase the national deficit to ensure there is employment.

However, with more money in circulation, many economists believed it would cause inflation and more income disparity.

Hence, in this case, it is concluded that the correct answer is Inflation.

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To examine
the weekly payroll of all employees, one would look at the:

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To examine the weekly payroll of all employees, one would look at the: d. payroll register.

What is the payroll register?

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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the goal of the capital budgeting decisions is to select capital projects that will decrease the value of the firm. (True or False)

Answers

The given statement "the goal of capital budgeting decisions is to select capital projects that will increase the value of the firm" is false because capital budgeting is the process of evaluating potential long-term investments or capital expenditures to determine their viability and profitability.

Companies make these investments in the hopes of generating additional cash flows that will ultimately lead to an increase in the overall value of the firm. Capital budgeting decisions are based on a number of factors including cash flow projections, risk analysis, and the cost of capital. It is important to note that not all investments will result in an increase in firm value and that companies must carefully consider the potential risks and rewards before making a final decision.

Ultimately, the goal of capital budgeting is to select investments that will provide the greatest return on investment and increase the overall value of the firm.

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You are a manager at Permeable Fiber, which is considering adding a new product line. Your boss said to you "We already owe these consultants $1.1 million, and all they estimated is Net Income. Before we spend $32 million on new equipment for this project, look the report over and give me your opinion." Here are the report's estimates (in millions of dollars; note that the question is continued below, so you need to scroll down to see it all): 1 2 Sales revenue 77.0 77.0 - Cost of goods sold 42.0 42.0 Gross profit 35.0 35.0 -Selling, gen. & admin. exp. 4.0 4.0 -Depreciation 16.0 16.0 Net operating income 15.0 15.0 - Income tax 4.1 4.1 Net Income 11.0 11.0 Everything that the consultants have calculated is correct, as far as it goes. The project will require $25 million in working capital upfront (year 0), which will be fully recovered in the last year of the project (year 2). The first relevant period's FCF is: The second relevant period's FCF is: The third relevant period's FCF (if any) is:

Answers

The first relevant period's Free Cash Flow (FCF) is $36 million. The second relevant period's FCF is $38 million. The third relevant period's FCF is $52 million if there is one.

To calculate the FCF for each relevant period, we subtract the change in working capital from the Net Income. In the first period, the change in working capital is -$25 million since it's an upfront investment, so the FCF is $11 million (Net Income) + $25 million (change in working capital) = $36 million. In the second period, the change in working capital is $0, so the FCF remains $11 million. If there is a third period, the change in working capital will be $25 million (recovered), resulting in an FCF of $11 million + $25 million = $36 million.

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Which method of corporate finance is predominately used by "GROWTH companies"?
A-retained earnings
B-new stock issues
C-borrowing
D-none of these are used by “growth companies"

Answers

Answer:

The method of corporate finance that is predominately used by "GROWTH companies" is B: "new stock issues."

Explanation:

Growth companies are companies that are expanding rapidly and reinvesting their profits back into the business to fuel further growth. As such, they typically need to raise additional capital to support their expansion plans. One way they can do this is by issuing new stock, which allows them to sell ownership stakes in the company to investors in exchange for funding. This can be an attractive option for growth companies because it does not require them to take on debt, which can be costly and risky, and it also does not reduce their retained earnings, which they can continue to reinvest in the business. Retained earnings and borrowing are also commonly used methods of corporate finance, but they may not be as suitable for growth companies depending on their specific circumstances.

Which of the following statements concerning service guarantees is FALSE? A service guarantee is a mechanism to build customer loyalty. A service guarantee is a way to avoid compensating customers for a service failure. A service guarantee is a tool to clarify exactly what the service must provide. A service guarantee is a way to define a service and ensure satisfactory delivery to the customer.

Answers

Answer:

A service guarantee is a way to avoid compensating customers for a service failure.

Explanation:

Adoption of ASC Topic 842 related to leases represents a Multiple Choice o voluntary change in accounting principle.o mandatory change in accounting estimate. o voluntary change in accounting estimate. o mandatory change in accounting principle. Which of the following accounting principle changes typically is reported prospectively? Multiple Choice o Adopting ASC topic 606 on revenue recognition on the standard's effective date. o Changing inventory method from LIFO to FIFO.o Changing inventory method from FIFO to LIFO.o Changing reporting of investments from the equity method to the fair value method. ASC Topic 606 on Revenue Recognition requires which transition method? Multiple Choice o Modified retrospective approach o Full retrospective restatement o Retrospective restatement or prospective approach o Full retrospective restatement or modified retrospective approach

Answers

Adoption of ASC Topic 842 related to leases represents D. mandatory change in accounting principle.

What exactly is ASC 842 adoption?

According to the ASC 842 standard for GAAP lease accounting, all leases lasting more than 12 months must be recorded as assets and liabilities on balance sheets. This new standard was developed by the Financial Accounting Standards Board (FASB) to promote greater transparency between investors and businesses.

A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration," states ASC 842-10-15-3.

A change in accounting principle may be required by newly issued guidance or as a result of the reporting entity's decision to adopt a different accounting principle because it is preferable.

Therefore, based on the information, the correct option is D.

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If you wanted to know what rate of return stocks have provided in the past, you could examine data on the Dow Jones Industrial Index, the S&P 500 Index, or the NASDAQ Index.
True
False

Answers

It is true that If you wanted to know what rate of return stocks have provided in the past, you could examine data on the Dow Jones Industrial Index, the S&P 500 Index, or the NASDAQ Index. The correct option is a.

What is an Index?

An index is a method to track the performance of a group of assets in a standardized way. Indexes typically measure the performance of a basket of securities intended to replicate a certain area of the market. These could be constructed as a broad-based index that captures the entire market, such as the Standard & Poor's 500 Index or Dow Jones Industrial Average.

More specialized such as indexes that track a particular industry or segment such as the Russell 2000 Index, which tracks only small-cap stocks.

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Select the steps in the marketing research approach. (Select all that apply) Multiple select question. define the problem obtain resources select target group develop findings take marketing actions

Answers

 It should be noted that marketing research approach:

obtain resources target marketing actions

What is marketing research approach?

marketing research approach can be regarded as an approach that uses surveys, focus groups, personal interviews, observation, and field trials to get data about the market.

The The type of data needed and how much money you're willing to spend can be gotten.

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The tendency for managers to compare the performance of divisions within a company to each other using the same metrics regardless of each division's unique characteristics is known as _____ bias. a.surrogation b.division c.metrics dmon measures

Answers

Answer:

Metrics Bias.

Explanation:

Metrics is defined as a standard of measurement while bias can be explained to occur when there is lack of fairness in arriving at a decision.

Using the same metrics within a company to evaluate the performance of different divisions where each division has its own unique characteristics will not give a fair decision and due to metrics bias as the metrics used may tend to favor some divisions more than others.

assume general motors has a weighted average cost of capital of 10%. gm is considering investing in a new plant that will save the company $30 million over each of the first two years, and then $15 million each year thereafter. if the investment is $150 million, what is the net present value (npv) of the project?

Answers

If assume general motors has a weighted average cost of capital of 10%. the net present value (npv) of the project? is $26.03 million.

How to find the net present value?

First step is to find the perpetuity

Perpetuity: 15/.10

Perpetuity  = 150

Now let find the net present value (NPV)

Net present value =-150+(30/1.10)+(30+150)/(1.10^2)

Net present value = -150+27.27 +(180/1.21)

Net present value = - 150+27.27 + 148.76

Net present value = 26.03 million

Therefore the net present value is $26.03 million.

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If your nominal income in 2014 was $50,000, and prices doubled between 2014 and 2017, to have the same real income, your nominal income in 2017 must be A) $50,000 B) $75,000 C) $90,000 D) $100,000 Answer: D AACSB: Analytical Thinking 9) If your nominal income in 2014 is $50,000, and prices increase by 50% between 2014 and 2017, then to have the same real income, your nominal income in 2017 must be A) $50,000 B) $75,000 C) $100,000 D) $150,000. Answer: B AACSB: Analytical Thinking

Answers

a)  The correct answer is D) $100,000.

b)  The correct answer is B) $75,000.

To determine the correct answer, let's consider the concept of real income and the effect of inflation.

Real income refers to income adjusted for inflation, which allows for a comparison of purchasing power over time. In this scenario, we are given that prices doubled between 2014 and 2017.

For the first question:

If your nominal income in 2014 was $50,000 and prices doubled, to maintain the same real income, your nominal income in 2017 should also double. Therefore, the correct answer is D) $100,000.

For the second question:

If your nominal income in 2014 was $50,000 and prices increase by 50% between 2014 and 2017, to maintain the same real income, your nominal income in 2017 should increase by the same percentage. Therefore, the correct answer is B) $75,000.

It's important to note that the correct answer depends on the specific information given in the scenario. In the first question, prices doubled, while in the second question, prices increased by 50%. These different scenarios lead to different answers.

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how did Suzy Batiz failures set her up for success?

Answers

Answer:

I'm not sure

Explanation:

Not enough explanation.

Not enough information

QUESTION 19 .. The annual productivity report of Papyrus Inc. states that it has achieved the targets it had set for the year 2013. However, in this process, much of its resources have been wasted, and the amount spent on resources is more than the estimated amount. Its productivity has been: a. effective and efficient. b. neither effective nor efficient. c. not effective but efficient. d. effective but not efficient. e. stagnant in terms of efficiency and effectiveness.

Answers

The productivity of Papyrus Inc. can be categorized as effective but not efficient. The correct answer is d.

This is because the company achieved its targets for the year 2013, indicating that it was effective in accomplishing its goals. However, the company's productivity was not efficient as it wasted many resources, leading to higher costs than anticipated. This implies that the company could have achieved the same results with fewer resources, making it inefficient.

To improve its efficiency, Papyrus Inc. should focus on reducing wastage and improving resource utilization. This can be achieved through strategies such as adopting lean production techniques, improving supply chain management, and investing in technology to streamline operations. By doing so, the company can increase its efficiency while maintaining its effectiveness in achieving targets.

Overall, the company must strike a balance between being effective and efficient to remain competitive in the market.

Hence, option d. is correct


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What are you paying for when you lease a car? A.the purchase price of the car


B.)the production costs of the car


C.)rent on a parking space


D.)the decrease in the car's value

Answers

Answer:

D

Explanation:

when you lease a vehicle, your monthly payment will be calculated based on the vehicle's depreciation, or the change between its current value and its value at the end of the lease obviously plus interest and fees. .

Livi owns and operates Livi's Love From Scratch cupcake bakery. Livi has 10 locations throughout her state. When Livi is producing a high level of output, her production area becomes quite crowded with workers. Sometimes the workers have to wait to use a mixer or oven. Further, Livi sometimes cannot keep track of which locations are serving which cupcake flavors on specific days. Livi's production process is most likely experiencingGroup of answer choicesdeclining total output.

Answers

Livi's production process is most likely experiencing diseconomies of scale.

What are diseconomies of scale?

Diseconomies of scale occur when economies of scale are not functional for a firm.

The following factors can cause diseconomies of scale:

Communication barriersLack of motivationLack of coordinationLoss of focus by the management and employeesOperational bureaucracy.

Thus, Livi's production process is most likely experiencing diseconomies of scale.

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Résumés should be written in complete sentences.


Please select the best answer from the choices provided
TRUE OR FALSE?

ANSWER: FALSE

Answers

Answer:

false lol thx

Explanation:

What are sets in set A and not in set B and C called?​

Answers

Explanation:

Set Difference: The relative complement or set difference of sets A and B, denoted A – B, is the set of all elements in A that are not in B. ... Then the set difference of A and B would be the $407 remaining in the checking account. Example: Let A = {a, b, c, d} and B = {b, d, e}. Then A – B = {a, c} and B – A = {e}.

Common Symbols Used in Set Theory

Symbols save time and space when writing. Here are the most common set symbols. In the examples C = {1, 2, 3, 4} and D = {3, 4, 5} Symbol. Meaning.

The _____ approach for constructing a WBS involves refining the work into greater and greater levels of detail.

Answers

The bottom-up top-down mind mapping approach for constructing a WBS involves refining the work into greater and greater levels of detail.

What is Mind Mapping?

This refers to the graphical depiction of ideas and concepts that helps to organize information.

Hence, we can see that when constructing a WBS, it is important to use the bottom-up top-down mind mapping approach so that there would be more detail in the work.

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What kind of risks can exist in a business?
A business may have a/an _________ or a/an _________ risks.
1a fulfilled
1b internal
1c distinct
2a unfulfilled
2b merged
2c external

Answers

A business may have internal risk or external risks. Hence the above blank is filled. A business usually takes steps to measure the limitations in the business tormented.

What is an Internal Risk and External Risks?

Internal Risk is one wherein a business, an organization, or an institute is based on the fact that people have been working within the business and suppose the business loses some important assets. It is a loss internally for the business and is also called Internal Risk. Internal Risks can be also like some individual from within the business secretly supplying Business leads to other competitors this is known as Internal Risk.

Whereas External Risks are those that are being carried over some time and are continuously in the process of directly competing with the external markets or business institutes. External Risks include direct loss of the company in the market. This is known as the External Risk.

Hence, the above statement is correct.

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The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each other and can observe the prices posted on each other's marquees. Demand for gasoline in this market is Q= 80-12 and both franchises obtain gasoline from their supplier at $410 per gallon. On the day that both franchises opened for business, each owner was observed changing the price of gasoline advertised on its marquee more than 10 times: the owner of Hull lowered its price to slightly undercut Inverted V's price, and the owner of Inverted V lowered its advertised price to beat Hull's price. Since then, prices appear to have stabilized. Under current conditions, how many gallons of gasoline are sold in the market, and at what price? Instructions: Enter your responses rounded to the nearest two decimal places Gallons sold: Price: $

Answers

Answer:

I believe that the demand equation is incomplete, since there is no price (P).

If we just solve this equation like it is, the quantity demanded = 80 - 12 = 68 gallons

if we add the price into the equation:

Q = 80 - 12P

since this is a competitive market, in order to maximize profits, marginal revenue = marginal cost = $4.10 per gallon (not $410).

That means that both companies will sell gasoline at $4.10 per gallon

equilibrium quantity = 80 - (12 x 4.10) = 30.8 gallons of gasoline

A company has strong _________ if it continuously seeks new ideas from customers and from looks for ways to use new technologies.

Answers

A company has strong innovation if it continuously seeks new ideas from customers and from looks for ways to use new technologies.

Innovation is the key to success in today's competitive business environment.

Companies that are able to stay ahead of the competition by continuously seeking out new ideas and exploring new technologies are said to have strong innovation.

Strong innovators put a lot of effort into staying ahead of market trends so they can create and deploy new goods and services.

They are always seeking methods to enhance their operations, goods and services, and clientele. Long-term success will go to businesses that can outperform their rivals through innovative problem-solving and invention.

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When Linda McAnem began Stirya, a New York-based computer services company, she ran it as a sole proprietorship. As a sole proprietor, McAnem:

Answers

As a sole proprietor, McAnem will find the business to be easy and inexpensive to form.

What is a sole proprietor?

It should be noted that a sole proprietor simply means an individual who owns and manages a business on his or her own.

In this case, as a sole proprietor, McAnem will find the business to be easy and inexpensive to form. This is an advantage of this form of business.

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What does making a good decision mean?? How can I make a good decision?

Answers

Answer:

A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.

Ways to make good decision:

Set Aside Time to Reflect on Your MistakesStop Thinking About the ProblemFrame Your Problems In a Different WayIdentify the Risks You TakeTake Note of Your OverconfidenceTalk to Yourself Like a Trusted FriendLabel Your EmotionsAcknowledge Your ShortcutsConsider the Opposite
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