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How would you define equilibrium quantity?
It is a state where quantity supplied by seller and quantity demanded by buyers are equal.
What is a dominant strategy?
In game theory, a dominant strategy is one where regardless of what the other player does, you always have a larger payoff. In probability a dominant strategy is the one with the higher likelihood of winning. For example, if you have 30% red M&Ms, 70% yellow M&Ms coming out of a tube, the dominant strategy will be to always guess yellow. (Probability matching, which most adults use is guessing 30% of the time red, and the rest yellow). An every day example would be two work routes- one that is 80% of the time traffic jammed, and the other which is only 10% of the time traffic jammed. You will always prefer the second route- despite the small probability that the first route is better.
How would you define Buoncy.Explain it cause?
Define buoncy.explain it cause?
What would the equilibrium price and quantity be in a oligopoly market?
In an oligopoly market, the equilibrium price and quantity are determined by the interdependent pricing and output decisions of a few dominant firms. These firms often engage in strategic behavior, such as price collusion or price wars, which can lead to higher prices and lower quantities compared to a competitive market. The equilibrium is reached when firms balance their production levels with market demand while considering their competitors' actions. As a result, the equilibrium price may be higher and the quantity lower than in more competitive market structures.
Why price ceiling and price floor is binding?
A price ceiling is binding when it is below the equilibrium price. It is the legal maximum price, so the market wants to reach equilibrium (which is above that) but can't legally. If it were above the equilibrium price it would not be binding because the market would reach equilibrium and the ceiling would have no effect. A price floor is binding when it is above the equilibrium price. You can use similar reasoning to that above. It is the legal minimum price. the market wants to reach equilibrium below that but can't legally.
How would you define equilibrium quantity?
It is a state where quantity supplied by seller and quantity demanded by buyers are equal.
What is a dominant strategy?
In game theory, a dominant strategy is one where regardless of what the other player does, you always have a larger payoff. In probability a dominant strategy is the one with the higher likelihood of winning. For example, if you have 30% red M&Ms, 70% yellow M&Ms coming out of a tube, the dominant strategy will be to always guess yellow. (Probability matching, which most adults use is guessing 30% of the time red, and the rest yellow). An every day example would be two work routes- one that is 80% of the time traffic jammed, and the other which is only 10% of the time traffic jammed. You will always prefer the second route- despite the small probability that the first route is better.
Can there be a strategy without a mission?
A strategy is typically developed to achieve a specific mission or goal. Without a clear mission or objective in place, it would be difficult to define what the strategy is intended to accomplish. Therefore, a strategy is most effective when aligned with a clear mission to provide direction and focus.
What would happen to a system at equilibrium if the temperature changed?
If the temperature of a system at equilibrium changed, the equilibrium position would shift to counteract the change. If the temperature increased, the equilibrium would shift in the endothermic direction to absorb the excess heat. If the temperature decreased, the equilibrium would shift in the exothermic direction to release more heat.
What would happen to a a system at equilibrium if the temperature were changed?
the equilibrium constant would change
What would happen to a system a equilibrium if the temperature were changed?
the equilibrium constant would change
Define strategy of succes?
A strategy is a well thought out plan or methods one sets up for themselves for reaching a particular goal over a period of time. Success is the accomplishment of an aimed goal. So "strategy of success" would be a well thought out plan put forth to be sure success is achieved.
Would Rr show a dominant or recessive phenotype?
dominant
Is an object in equilibrium moving?
An object in equilibrium is not moving, as all the forces acting on the object are balanced. If the object were to be in motion, it would no longer be in equilibrium as there would be an unbalanced force acting on it.
How would you define a substance based on you have observed?
How would you define a subtancebased on what you have obsrved
How would you define a substance based on what you have observe?
How would you define a subtancebased on what you have obsrved
What is the difference between a turnover strategy and a conversion strategy?
Turnover strategy would be a complete redo and a conversion strategy would just need a few chamges.
