victor valencia is paid $10 per hour. during the week ended 6/30, victor worked 40 hours. assuming a 6.2% social security tax, the company would withhold $ from victor's gross pay for social security taxes.

Answers

Answer 1

In the case of a 6.2% social security tax, the employer would deduct $24.48 from Dora's gross income for social security taxes.

What is a social security tax?

Social Security is the frequently used word in the United States for the federal Old Age, Survivors, and Disability Insurance program, which is managed by the Social Security Administration. The original Social Security Act was passed in 1935, and the present version of the Act, as amended, covers a variety of social welfare and social insurance programs. Social Security is largely supported by payroll taxes known as the Federal Insurance Contributions Act (FICA) or the Self-Employed Contributions Act Tax (SECA) (SECA). Wage and salary earnings in covered employment are liable to the Social Security payroll tax up to a certain level (see tax rate table below).

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Related Questions

Which statement best summarizes the law of demand ?

A. Sellers only supply goods that are in high demand from buyers.
B. Buyers are more likely to buy a products that is supplied in large quantities.
C. Sellers can easily substitute a product in high demand with another product.
S. Buyers are more interested in purchasing products as those products decline in price.

Thank you :)

Answers

Buyers are more likely to buy a product that is supplied in large quantities.

What is the law of demand?

The law of demand states that the quantity purchased varies inversely with the price. In other phrases, the better the rate, the lower the quantity demanded.

What are the types of demand?

Individual and Market DemandOrganization and Industry DemandAutonomous and Derived DemandDemand for Perishable and Durable GoodsShort-term and Long-term Demand

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List any THREEshopping skill that you will follow.

Answers

1. Comparing prices
2. Negotiating major purchases
3. Evaluating competing products
4. Separating quality from quantity when clothes shopping
5. Determining want versus need
6. Learning how to just say NO
7. Identifying the right times to buy things
8. Seeing the value in used goods
9. Avoiding shopping hungry OR emotional
10. Knowing your shopping triggers and staying away from them


There are 10 shopping skills that we can follow , you can choose any 3 from these and answer your question.

When were cooking guilds formed, establishing many of the professional standards and traditions still used today?.

Answers

The period when cooking guilds formed, establishing many of the professional standards and traditions still used today were formed was 1400-1600 A.D. during the Renaissance.

How did the Renaissance impact society?

Art, science, and culture underwent a new transformation throughout the Renaissance. With first the rediscovery of classical philosophy, literature, and art, as well as the new discoveries in travel, invention, and style, it altered the way the citizens thought.

The Renaissance demonstrates the value of looking to the past for solutions to current problems and inspiration. By looking to the past for advice today, we can uncover not just potential sources of solutions, but also strategies for overcoming problems that earlier cultures have had to deal with.

It should be noted that during this period, people tried out new things and this was when cooking guilds weee formed, which established many of the professional standards and traditions still used today.

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Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges

Answers

Answer:

1,2 & 5

Explanation:

Answer:

1, 2, 5

Explanation:

edge 2021

With the help of online research, write a short report on “glocalization.”

Answers

The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.

To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.

It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.

By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.

The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.

Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).

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Suppose Monique is willing to pay up to $15,000 for a used Ford pick-up truck. If she buys one for $12,000, her economic ______ would be ______.

Answers

Because Monique is willing to pay $12,000 for the pick-up truck, her economic surplus would be $3,000 if she buys for that amount instead of $15,000.

What is an economic surplus?

This refers to the gain obtained by a buyer after they purchase a product for a price that is less than the initial price.

Hence, the word "surplus" and "$3,000" is correct.

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Question 58 Business Processes are typically implemented (automated) via Information Systems. True False
Question 59 Grocery stores typically utilize the Quoting Process to engage customers. True False Question 60 Business process models are useful for understanding the tasks and decisions that are made in. process, but not the role that performs the tasks and decisions. True False
Question 61 Which of the following are examples of End-to-End processes we discussed in class. Quote to Cash Procure to Pay Make to Stock Make to Order Record to Report Question 62 A company's internal business process models are useful for the following: (Select all that apply) Developing information systems because they depict how the process that is being automated/enabled should be performed. Including with customer invoices for auditing purposes Improving business processes Training new employees

Answers

Answer:

Question 58: True

Question 59: False

Question 60: False

Question 61: Quote to cash, procure to pay, make to stock, make to order, record to report

Question 62: Developing information systems because they depict how the process that is being automated/enabled should be performed; improving business processes; training new employees.

Explanation:

when the money market is drawn with the value of money on the vertical axis, if the price level is above the equilibrium level, there is an

Answers

Answer:

There will be an increase in the price level.

Explanation:

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A tire manufacturer has recently discovered that numerous lots of tires
produced at one of their plants over recent months used a defective synthetic
material. The result was that these tires are far too likely to rupture at much
lower air pressure levels than normal. This has led to many accidents,
including some fatalities. The company has not been able to determine why
the material was defective. Which of the following is likely to be true in this
situation?
O A. The manufacturer as a company will be liable to pay significant
amounts of money to those harmed by the defective tires.
O B. Because it is not clear why the material is defective, the
manufacturing company themselves cannot be held responsible.
C. If the company can recall all defective tires as soon as it has
discovered its fault, it will not be held liable for the accidents that
already took place.
O D. The company is obligated to find the individual responsible for the
defective material so that he or she can be punished.

Answers

Answer:

A. The Manufacturer

Explanation:

A PEXXX

Mr Ryan is a Certified Internal Auditor (CIA) who is working in a non–internal audit position as the director of purchasing. Mr Ryan signs a contract to procure a large order from the supplier with the best price, quality, and performance. Shortly after signing the contract, the supplier, Mrs Hannah, presents Mr Ryan with a gift of significant monetary value.
Required:
a. Would accepting the gift violate the IIA Code of Ethics? Discuss. b. Was Mrs Hannah's actions considered a bribe? Discuss. c. Will Mr Ryan be banned from being a Certified Internal Auditor (CIA)? Support your answer with references. d. There is a dilemma as to whether Mr Ryan should accept the gift. Discuss.

Answers

Accepting the gift from the supplier, Mrs. Hannah, may potentially violate the IIA Code of Ethics. The IIA's Code of Ethics sets forth principles and rules that internal auditors should adhere to, including integrity, objectivity, confidentiality, and professional competence.

Accepting a gift of significant monetary value from a supplier could compromise an auditor's objectivity and raise concerns about independence. It may create a perception of a conflict of interest or the potential for undue influence on procurement decisions.

Mrs. Hannah's actions could be considered a bribe depending on the intent behind the gift. If the gift was given with the expectation or intention of influencing Mr. Ryan's procurement decisions, it could be seen as an attempt to secure an unfair advantage or gain favor. Bribery involves offering or receiving something of value with the intent to influence or obtain an improper advantage. However, without more information about the circumstances and intentions, it is difficult to definitively determine whether Mrs. Hannah's actions constituted a bribe.

Whether Mr. Ryan will be banned from being a Certified Internal Auditor (CIA) would depend on the specific policies and guidelines of the organization and the regulatory body governing the CIA designation. Generally, a single instance of accepting a gift may not automatically result in a ban from the CIA designation. However, if Mr. Ryan's actions are found to be in violation of the IIA Code of Ethics or other professional standards, it could lead to disciplinary action, including the possibility of losing the CIA designation. It is advisable for Mr. Ryan to consult the relevant professional guidelines and seek guidance from his organization's internal audit or ethics department to understand the specific consequences he may face.

The dilemma of whether Mr. Ryan should accept the gift revolves around the potential ethical conflicts and risks involved. On one hand, accepting the gift could create a perception of bias, compromise professional integrity, and undermine the trust and credibility of the procurement process. On the other hand, refusing the gift could strain the relationship with the supplier and potentially impact future business dealings. Mr. Ryan should consider seeking guidance from his organization's ethics or compliance department, consulting the IIA Code of Ethics, and weighing the potential consequences before making a decision. It is essential for him to prioritize ethical conduct and act in accordance with the principles of integrity and objectivity to maintain professional standards and public trust.

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zippy shoe co. uses a periodic inventory system. zippy purchased 800 pairs of shoes at $70 each in june, 2000 pairs in august at $ 72 each, and 1200 pairs in december at $ 75 each. zippy sold 3800 pairs during this year.
required:
calculate the company`s ending inventory and the cost of goods sold using the each of following inventory costing method.
a. FIFO
b. LIFO
c. Weighted average

Answers

FIFO inventory costing method where the first items purchased or produced are assumed to be the first ones sold, resulting in the ending inventory consisting of the most recent purchases or production.

Using the (First-In, First-Out) FIFO inventory costing method, Zippy Shoe Co.'s ending inventory can be calculated as follows:

- The 800 pairs purchased in June will be assumed to be sold first.

- Out of the remaining 3,000 pairs, 1,200 pairs purchased in December will be assumed to be the next to be sold.

- Finally, out of the remaining 1,800 pairs, 800 pairs purchased in August will be considered as the last to be sold.

Therefore, the ending inventory will consist of 1,000 pairs (800 pairs from August and 200 pairs from December) at their respective costs.

To calculate the cost of goods sold using FIFO, we add up the costs of the pairs sold in each batch:

- 800 pairs from June at $70 each

- 1,200 pairs from December at $75 each

The total cost of goods sold using FIFO is (800 x $70) + (1,200 x $75).

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What measures the elapsed time from when inventory is recieved from suppliers to when cash is received from customers?

Answers

The operating cycle calculates the amount of time that has passed between receiving inventory from suppliers and receiving payment from customers.

What is Inventory?

Both the products that are on hand for sale and the raw materials required to make those products are considered inventory.On the balance sheet of an organisation, it is categorised as a current asset.The three different categories of inventory are raw materials, finished commodities, and work-in-progress.The first-in, first-out method, the last-in, first-out method, and the weighted average method are the three methods used to value inventory.As items are produced or acquired as needed, inventory management enables organisations to reduce inventory expenditures.Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it turns over so quickly.

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therefore, what is the relationship between a perfectly competitive firm's mrp curve for an input and that firm's demand curve for that input?

Answers

The marginal revenue product (MRP) curve for an input indicates the value of the marginal product of a particular input, whereas the demand curve for an input refers to the quantities of the input that a firm is willing and able to buy at various input prices.

What is the reason?

In a perfectly competitive market, the demand curve for an input is perfectly elastic, implying that the firm is a price taker and can purchase as much input as it wishes at the going market price.

On the other hand, the MRP curve for an input is downward sloping since as the firm adds more input, the marginal product of that input decreases, and the marginal revenue earned from producing additional units of output declines.

This implies that for a perfectly competitive firm, the MRP curve of an input coincides with the demand curve for that input.

Therefore, in the short run, a perfectly competitive firm uses inputs up to the point where the MRP equals the input price, maximizing its profits.

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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E

Answers

The reason why buying a car considered "bad debt"is that It decreases in value over time. option A

What is  bad debt?

The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books,  then things turn to uncollectible and is recorded as a charge-off.

It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases  interest charges increase how the amount that is been paid for the vehicle.  and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.

Hence, option A is correct.

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Which of these would be most likely to be included in CPI

Answers

Answer:

Frozen Pizzas

Explanation:

Info from the video:

"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."

Frozen pizza is an expenditure that could be bought by individuals and families in a household.

I need help with all those questions

I need help with all those questions

Answers

I can’t read that try typing them all out:)

How do people and nations benefit from trade?.

Answers

Society benefits from a better degree of economic welfare thanks to such mobility.

Why is trade important for people and countries?Trade helps the world run more efficiently. When a nation becomes more open to trade, money and labor move to more productive industries. Society benefits from a better degree of economic welfare thanks to such mobility.Trade is crucial for maintaining a competitive global economy because it promotes innovation and supports the specialization of markets while also driving down worldwide pricing for commodities. Access to goods and services that may be more affordable and of higher quality than those available domestically is another benefit of trade.Through commerce, nations may obtain commodities and services that might not otherwise be accessible domestically and grow their markets. Market competition has increased as a result of global commerce.

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the following events occurred last year at nieto company: depreciation expense $ 22,000 dividends paid $ 11,200 paid off bonds payable $ 45,000 purchase of plant and equipment $ 60,000 sale of long-term investment $ 40,500 based on the above information, what is the net cash provided by (used in) financing activities? multiple choice $(75,300) $(56,200) $(33,800) $45,000

Answers

The net cash provided by (used in) financing activities is $(56,200).

To find the net cash provided by (used in) financing activities, we need to consider the events related to financing activities only. In this case, those are dividends paid and bonds payable paid off.

1. Dividends paid: $(11,200) - This is considered as cash used in financing activities, since it's a cash outflow.
2. Paid off bonds payable: $(45,000) - This is also considered as cash used in financing activities, as it's another cash outflow.

Now, to find the net cash provided by (used in) financing activities, we will add these two values:

Net cash used in financing activities = Dividends paid + Paid off bonds payable
Net cash used in financing activities = $(11,200) + $(45,000)
Net cash used in financing activities = $(56,200)

So, the correct answer is $(56,200), which is option B.

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If a product is no longer showing strong market share and sales are diminishing, which of the following would be the best approach to trying to extend its lifetime on the market
A. Offer extended warranties
B. Re-launch
C. Positioning
D. Discontinue

Answers

Answer:B. re-launch

Explanation: just took the quiz

Answer:

Re launch

Explanation:

A p e x

if westvaco decided to produce paper in spain, and the spanish government stipulated that 50% of the component parts that went into westvaco's paper must be produced locally, that requirement would be an example of a(n) a. ad valorem content requirement. b. subsidy c. local content requirement. d. international content requirement. e. specific content requirement.

Answers

The parts that went into Westvaco's paper must be produced locally; that requirement would be an example of a local content requirement. The correct option is c.

What is a local content requirement?

A local content requirement has become a popular protectionist tool to favour domestic industries over foreign competitors. Classic local content requirements span from the requirement to purchase a certain percentage of domestic goods, for example, the United States notorious or to produce locally, to requirements that services use only local infrastructure, to conditions on doing business like technology transfer to local companies.

Governments use local content requirements in an attempt to protect and develop domestic industries.

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The balance in the Finished Goods inventory account at the beginning of the month was $79,000 and at the end of the month was $72,000. The cost of goods manufactured for the month was $361,600. The actual manufacturing overhead cost incurred was $118,400 and the manufacturing overhead cost applied to jobs was $112,000. The adjusted cost of goods sold that would appear on the income statement for July is

Answers

Answer:

Adjusted cost of goods sold    $ 375,000

Explanation:

Under-absorbed overhead = Actual overhead - Absorbed overhead

                                              = 118,400- 112,000 = 6,400

Under-absorbed overhead= 6,400

Data:

Opening inventory                                        79,000          

cost of goods sold                                         361,600                          

under absorbed overhead                           6,400

closing inventory                                          72,000

The income statement would as follows:

                                                                                 $

Opening inventory                                               79,000          

Add cost of goods sold                                         361,600                          

Add under absorbed overhead                               6,400

less closing inventory                                             (72,000)

Adjusted cost of goods                                          375,000

Note the under absorbed overhead implies that the cost of manufactured reported before the adjustment for the under-absorbed overhead is under cost and charged. To correct this the under absorbed overheard figure is added back.            

Jaron's Internet is not functioning. A person from which pathway would best aid Jaron in fixing the issues with his
Internet?
O a person in broadcasting
O a person in performing arts
a person in telecommunications
O a person in printing technology

Answers

Answer:

a person in telecommunications

Explanation:

Since in the question it is mentioned that Internet of Jaron is not working so here the pathway that should be considered best and aid to fixing the issues with the internet if the person who is in telecommunication as the internet would be classify as the telecommunication part

Therefore the third option is correct

Answer:

Its C

Explanation:

I got a 100%

Jaron's Internet is not functioning. A person from which pathway would best aid Jaron in fixing the issues

PLZ, I NEED THIS ANSWER ASAP CANT MOVE IN WITHOUT IT Dean is taking a personal assessment and notices that many of his interests involve the reading and creation of language arts and poetry. What career cluster will the assessment most likely indicate to be fitting for Dean? Technology Art and Performance Legal Public Service

Answers

Answer:

B -art and performance

Explanation:

Because, his interest  were language arts and poetry and no other option even remotely, he resembles a similarity.

At the time of taking the personal assessment, the topics that will be covered by the Dean per their interest will cover the art and performance, which are based on the interests that he pursues. Hence, Option B is correct.

What is personal assessment?

A kind of test that is conducted by a higher authority or a psychologist for measuring the characteristics of a personality is known as the personal assessment. The data that is collected at the end of the test will be evaluated, and on the basis of that, further treatment will be given by the psychologist.

If the personal assessment is done by a higher authority like a dean or a teacher or a professor, then the result that is generated after the assessment will be used as a progress report for the student and would be suggested to practice in the area where there is need of the progress.

Thus, Option B is correct.

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Describe two different examples of potential conflicts found in project management, and explain why these conflicts can have a negative impact on the project if they are not resolved

Answers

Two potential conflicts that can arise in project management are-

1. Conflict among team members- This is often due to differences in opinion

2. Conflict with the upper management- This happens usually because the employees feel that the upper management is insensitive towards their needs

These conflicts can impact the overall performance of the team as all the members feel discouraged or exhausted which may lead to losses due to things like inefficient delivery of products or a reduction in the number of sales, etc.

That's why it is crucial to resolve all the arising conflicts as soon as possible and therefore conflict resolution is an important skill that every project manager must have.

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Income tax that is payable to the federal government is collected by the
.
who ever anwer is marked brainlist

Answers

The Internal Revenue Service (IRS)

Answer:

Guy above is 100% correct, I put IRS and got 5/5!

Explanation:

The _____________ Party believes the wealthiest Americans and largest businesses must pay their fair share of taxes.

Group of answer choices

Independent

Republican

Third Party

Democratic

Answers

Answer:

The Democratic Party believes the wealthiest Americans and largest businesses must pay their fair share of taxes :3

Explanation:

:3

Democratic is the correct answer

Do you have to pay capital gains if you reinvest in another house?

Answers

The entire amount of cash would become tax-free if you finance Rs 20 lakhs towards the cost of a new home. If you just paid Rs 15 lakh on the new property, the remaining Rs 5 lakh would be taxed.

Tax-free purchases and investments are exempt from the typical tax repercussions of other transactions and investments. For contrast, tax-free weekends are a common occurrence in many regions, where business purchases are occasionally exempt from tax to reduce the cost to the consumer. Tax-free bonds are a type of fixed-income security that can be issued by public entities. They give investors the chance to receive yearly pre-fixed interest profits and are a relatively secure investment option. The basic exempt threshold was raised from Rs 2.5 lakh to Rs 3 lakh under the new tax structure. There are currently just five income tax brackets under the new tax structure, down from the previous six.

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Type or pan effective tax rate of 10%
an interest coverage ratio of 6.2
an EBIT (earnings before interest and taxes) margin of 42%
total asset turnover of 0.43
financial leverage of 1.9ste question here

Answers

The Return on Equity (ROE) is calculated to be 34.47%. This means that for every dollar of equity invested, the company generates a return of 34.47 cents.

To calculate the Return on Equity (ROE) using the given financial ratios, we can use the DuPont analysis, which breaks down ROE into its components: Profit Margin, Total Asset Turnover, and Financial Leverage.

ROE = Profit Margin * Total Asset Turnover * Financial Leverage

Given financial ratios:

Effective tax rate = 10%

Interest coverage ratio = 6.2

EBIT margin = 42%

Total asset turnover = 0.43

Financial leverage = 1.9

Calculate the Net Profit Margin:

Net Profit Margin = 1 - Effective Tax Rate

Net Profit Margin = 1 - 0.10 = 0.90 (or 90%)

Calculate the Return on Sales (ROS) or EBIT margin:

ROS = EBIT Margin = 42% (or 0.42)

Calculate the Return on Assets (ROA):

ROA = ROS * Total Asset Turnover

ROA = 0.42 * 0.43 = 0.1813 (or 18.13%)

Calculate the Return on Equity (ROE):

ROE = ROA * Financial Leverage

ROE = 0.1813 * 1.9 = 0.3447 (or 34.47%)

The Return on Equity (ROE) is calculated to be 34.47%. This means that for every dollar of equity invested, the company generates a return of 34.47 cents. ROE is a measure of profitability and efficiency in utilizing both debt and equity financing.

It's important to note that financial ratios provide insights into a company's performance, but a comprehensive analysis would also consider other factors such as industry benchmarks, company-specific factors, and future expectations to gain a deeper understanding of the company's financial health and performance.

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Consider the following hide-and-seek game between two players. Player 1 puts a dollar bill into one of the three boxes without telling Player 2. Player 2 picks one box of his choice and opens it. Player 2 gets to keep the content of the box he opened and the content of the other two boxes remains with Player 1.

(a) Formulate this as a game in an extensive form. Argue that there is no equilibria in pure strategies.

(b) Solve for an equilibrium.

(c) Consider the following modification of the game. At the beginning of the game Player 1 puts a dollar into a box of his choice without telling Player 2 the location of the dollar. Player 2 then takes one box, but does not open it yet. After that, Player 1 has to choose one of the two remaining boxes and show its content to Player 2. Once it is done, Player 2 can either keep the box that he previously selected or can reconsider and take one of the two other boxes. Once Player 2 makes his final choice, the game ends. At the end of the game Player 2 gets the content of the box he obtained and the content of the other two boxes remains with Player 1. Solve for an equilibrium of the game. Does Player 2 always open the box he has originally chosen or does he reconsider? Give an intuition for your answer.

Answers

A)to modify the game and solve for an equilibrium, and determine if Player 2 should reconsider his choice.B)There is a mixed strategy equilibrium where Player 1 puts the dollar bill into each box with a probability of 1/3, and Player 2 chooses each box with a probability of 1/3.C)The equilibrium is for Player 1 to put the dollar into any box with a probability of 1/3, Player 2 to select the box with a probability of 1/3, and to always stick with his original choice.

A) In this question, we are asked to formulate and solve a hide-and-seek game between two players. In the first part, we are required to argue that there are no equilibria in pure strategies. In the second part, we need to solve for an equilibrium. In the third part, we are asked to modify the game and solve for an equilibrium, and determine if Player 2 should reconsider his choice.

B) In the original game, if Player 1 puts the dollar bill into the first box, Player 2 should choose to open the second box as the probability of the dollar being in the third box is higher. If Player 1 puts the dollar into the second box, Player 2 should choose to open the third box. If Player 1 puts the dollar in the third box, Player 2 should choose to open the first box.

Therefore, there is no pure strategy equilibrium as the optimal choice of Player 2 depends on the choice of Player 1. However, there is a mixed strategy equilibrium where Player 1 puts the dollar bill into each box with a probability of 1/3, and Player 2 chooses each box with a probability of 1/3.

C) In the modified game, Player 2 will always choose the box he originally selected as he knows that there is a 50% chance that the dollar is in the box he chose. If Player 1 reveals a box that does not contain the dollar, then Player 2 is still better off choosing the box he originally selected as there is still a 50% chance that the dollar is in that box.

Therefore, the equilibrium is for Player 1 to put the dollar into any box with a probability of 1/3, Player 2 to select the box with a probability of 1/3, and to always stick with his original choice.

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In a market economy, competition is a crucial requirement. what is one benefit to fostering competition in an economic system?
it gives consumers more choices in the quality and price for things they want to buy.
it causes higher prices, so businesses make a higher amount of profits.
it limits the freedom companies have to create new products.
it never requires any outside assistance from the government.

Answers

In a market economy, competition is an important responsibility. The benefit to fostering competition in an economic system is that it affords consumers more choices in the quality and price of belongings they want to purchase.

What is a market economy?

A market economy is defined as those economic systems where the price communications constituted by supply and demand force judgments about production, investment, savings and distribution to consumers.

In this system, all providers and consumers are open-ended by price regulations or contract freedom. Competition is an essential element of a that economy.

The advantage of increasing competition in an economic system is that it provides consumers with more options in terms of the quality and pricing of the goods they want to purchase.

Therefore, option A is correct.

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Answer:It gives consumers more choices in the quality and price for things they want to buy.

Explanation:

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