A function that is bowl-shaped up is called a(n) _________ function
a. concave
b. optimal
c. convex
d. elliptical
c
RATIONALE: A function that is bowl-shaped up is called a convex function.
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Coke and bottled water brands continue to run sales promotions and compete strongly on price. Clearly, the best solution would be for neither to promote which would jointly maximize their profits
However, both are worried that if they stop promoting while the other does not, they will suffer. As a result, the equilibrium is heavy promotion by both and lower total profits. With reference to the game theory, this is an example of: A) generic equilibrium. B) prisoner's dilemma game. C) leader—follower game. D) best strategy game.
Midtown, Inc. had the following transactions in 2018, its first year of operations:
• Issued 31,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $20.00 per share. • Earned net income of $70,000. • Paid no dividends. At the end of 2018, what is total stockholders' equity? A) $31,000 B) $690,000 C) $620,000 D) $70,000
Why is there confusion over whether constant sum data are ordinal or metric?
What will be an ideal response?
Consider the following three product costing alternatives: process costing, job order costing, and standard costing. Which of these can be used in conjunction with absorption costing?
a. job order costing b. standard costing c. process costing d. all of the above