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exercising influence or control; "television plays a dominant role in molding public opinion"; "the dominant partner in the marriage.
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∙ 15y ago
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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.
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 Buoncy.Explain it cause?
Define buoncy.explain it cause?
What happens on equilibrium price when the government impose tax on goods?
if there is equilibrium in the market and the govt. fixes the price then there would be the dead weight loss.
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.
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.
What would happen to a system at equilibrium if the temperature changed?
If the system is in equilibrium then the temperature is also.
Would Rr show a dominant or recessive phenotype?
dominant
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.
Why the earth is not in thermal equilibrium with yhe sun?
To be in thermal equilibrium, it would have to have the same temperature. (It isn't.)
How would you define a substance based on what you have observe?
How would you define a subtancebased on what you have obsrved
How would you define a substance based on you have observed?
How would you define a subtancebased on what you have obsrved
What problems did this strategy cause between Athens?
It would certainly help if we knew what strategy "this strategy" was.
