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A mother is torn among choosing her son Leonardo and her daughter Meryl to have the last bar of chocolate in her cupboard. As both her children's needs the chocolate and she needs to be fair, she decides to resolve the issue by having her children compete in the playground game of rock-Paper-scissors. According to the rules of the game, a rock (fist) breaks scissors (two fingers striking out), scissors cut paper (flat hand), and paper smothers rock. If both players end up taking the similar there is a tie and the game is repeated.
a) Determine the payoff matrix for this rock-paper-scissors game
Borrowing Facilities If a country's currency is not convertible, it can borrow from countries whose currencies are convertible and use the convertible currencies to make its i
needs for capital budgeting
Discuss some of the effects of the economic downturn on supply, demand, inferior goods, complimentary goods, substitute goods, and price. words accepted#
Describe the Application of economic theories Pertinent business decisions necessitate an unambiguous understanding of the environmental and technical conditions under which bu
Unit Elasticity of Supply Supply is said to be of unit elasticity if changes in price bring about changes in quantity supplied in the same proportion. Thus, when price rises,
The aim of monopolist is to maximise profit therefore; he would produce that level of output and charge that price which gives him maximum profits. He would be in equilibrium at th
How will you influence people to strive willingly for group objective in your organization (target based industry)? Apply your interpersonal influence through communication process
types of capital budgeting
Explain factors determining elasticity of demand.
EFFICIENCY-WAGE THEORIES OF UNEMPLOYMENT Efficiency wage theories are clearly non-Walrasian theories in as much as they postulate payment of wages that are higher than m
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