The spot exchange rate of an Australian dollar is $0.689. The USD gain on investment made in the Australian market will be $76,771.
The question requires us to calculate the USD gain on investment made in the Australian market by assuming that the U.S. one-year interest rate is 4% and the one-year interest rate on Australian dollars is 8%. The U.S. expected annual inflation is 5%, while the Australian inflation is expected to be 6%.The steps to calculate the USD gain are as follows;
Calculation of USD gain
Step 1: Calculate the expected spot rate in one year. Given that the expected Australian inflation is 6%, and the expected U.S. inflation is 5%, the expected change in the AUD/USD exchange rate due to inflation differentials will be as follows:=(1+Australian inflation)/(1+U.S. inflation) = (1+6%)/(1+5%) = 1.00943Thus, the expected exchange rate in one year will be $0.689 * 1.00943 = $0.6964/1 AUD
Step 2: Calculate the expected return in AUD. The expected return in AUD is given by the interest rate parity equation. As per the interest rate parity, the difference in interest rates between two countries should be equal to the percentage difference between the forward rate and the spot rate.
The difference in interest rates is
8%-4%= 4%
The expected forward rate for the AUD/USD is $0.689 * 1.00943 = $0.6964
Thus, the percentage difference between the forward rate and the spot rate is:
((Forward rate – Spot rate) / Spot rate) x 100%
= (($0.6964-$0.689) / $0.689) x 100%
= 1.08%
Thus, the expected return on AUD investment is 8% + 1.08% = 9.08%
Step 3: Calculate the USD gain. The USD gain will be the AUD gain multiplied by the exchange rate in one year. Thus, the USD gain will be:
$100,000 x (1+9.08%) x $0.6964 = $76,771
To know more about exchange rate, visit:
https://brainly.com/question/32344536
#SPJ11
Currently, you can exchange $1 for either ¥106.16 or €.7574 in New York. In Tokyo, the exchange rate is ¥/€.0078. If you have $1,350, how much profit can you earn with triangle arbitrage?
Multiple Choice
$116.24
$157.40
$139.92
$132.55
$125.92
By engaging in triangle arbitrage, you can earn a profit of $139.92.
Triangle arbitrage involves taking advantage of exchange rate discrepancies between three currencies to make a risk-free profit. In this scenario, we will consider the exchange rates between USD (U.S. dollars), JPY (Japanese yen), and EUR (euro).
Given the exchange rates in New York, we can calculate the implied exchange rate between JPY and EUR:
JPY/EUR = JPY/USD * USD/EUR
JPY/EUR = 106.16 * (1/0.7574) = 140.14
Comparing the implied exchange rate of JPY/EUR (140.14) with the actual exchange rate in Tokyo (0.0078), we can see an opportunity for arbitrage.
To perform triangle arbitrage, we start with $1,350 and go through the following steps:
Convert $1,350 to JPY: $1,350 * 106.16 = ¥143,484
Convert JPY to EUR: ¥143,484 * 0.0078 = €1,119.51
Convert EUR back to USD: €1,119.51 * 0.7574 = $847.59
The final amount in USD after triangle arbitrage is $847.59. To calculate the profit, we subtract the initial amount of $1,350:
Profit = $847.59 - $1,350 = -$502.41
Since the profit is negative, it means that triangle arbitrage would result in a loss of $502.41. Therefore, none of the provided answer choices is correct.
To learn more about arbitrage click here:
brainly.com/question/30480233
#SPJ11
New Car Purchase Zena has been promoted to vice-president at the management consulting firm she works for. Her status has led her to consider the need for a new car. Her trusty little Volkswagen Beetle had over 100,000 miles on it and no longer seemed appropriate. Susanne, another vice-president, suggested that Zena consider a car produced in the United States because the consulting firm she works for has a policy of supporting U.S. businesses. Zena began her quest for a new car by visiting several car dealers and obtaining pamphlets on the models she is considering. She also made a trip to the library to study Consumer Reports magazine and other consumer rating publications to see what the experts think. Finally, after evaluating all options, Zena decided to purchase a new Chrysler. She believes the car is a good fit with her new image and position in her company. Now that she has purchased the car, she has seen more advertisements touting its features than she ever noticed before. She also has noticed many models of her car on the road. Zena thinks the fact that so many others are driving the same model car as hers is proof that she made a good decision. Refer to New Car Purchase. In noticing similar cars on the road and advertising supporting her decision, Zena is reducing feelings of inner tension. The feelings of inner tension are called: 15 18 1 21 24 1) selective retention 2) perceptual distortion 3) postpurchase action 4) cognitive dissonance 5) response attitudes O 2) 2
In noticing similar cars on the road and advertising supporting her decision, Zena is reducing feelings of inner tension. The feelings of inner tension are called: 2) Perceptual distortion.
Perceptual distortion is when a person's perception of stimuli is changed because of the personal meanings assigned to them. This concept explains that people react to stimuli from their environment based on how they interpret them in their individual minds.
For example, Zena in the above passage noticed many models of her car on the road. She thinks the fact that so many others are driving the same model car as hers is proof that she made a good decision. Her perception of seeing more Chrysler cars on the road may be because she is now more aware of this type of car.
Additionally, the selective perception of Zena is supporting her decision. Therefore, by noticing similar cars on the road and advertising supporting her decision, Zena is reducing feelings of inner tension. The feelings of inner tension are called perceptual distortion.
To know more about Perceptual distortion click here:
https://brainly.com/question/20264894
#SPJ11
Q-1 (7 Points) 2. Suppose we have calculated a large sample confidence interval with 95% confidence level for population proportion and would prefer for our next confidence interval to have more precision (less spread out) without losing any confidence. In order to do this, we can (1 Point) 2. change the z-score value to a smaller number, b. take a larger sample. c. take a smaller sample. b. State whether the alternative hypothesis in the following scenario is one-sided or two-sided: "You need two-thirds majority in order to be selected to the executive board of the sports club of which you are a member. Your friend conducts a poll to see if there is evidence that you will be selected.". If majority percent is denoted by , construct the hypothesis(2 Points) life on the average of 1,000 hours. Suppose, you take a
Q-1: Suppose we have calculated a large sample economic confidence interval with 95% confidence level for population proportion and would prefer for our next confidence interval to have more precision (less spread out) without losing any confidence.
In order to do this, we can take a larger sample. Explanation: In statistics, a confidence interval is a range that includes a population parameter with a certain level of confidence. The formula for a confidence interval for a population proportion is given by: p ± z * sqrt (p (1-p) / n)where p is the sample proportion, n is the sample size, and z is the z-score that corresponds to the desired level of economic confidence. To achieve a more precise confidence interval without sacrificing confidence, we can increase the sample size. This decreases the standard error, which makes the confidence interval narrower. We can't change the z-score, as it is based on the level of confidence we desire, and we can't change the population proportion or standard deviation. Therefore, the best way to achieve a more precise confidence interval without sacrificing confidence is to increase the sample size.Q-2: The alternative hypothesis in the following scenario is one-sided. The hypothesis is as follows:H1: p > 2/3Explanation:We are testing if the proportion of people who vote for the executive board is greater than 2/3, which is a one-sided hypothesis. If it were a two-sided hypothesis, we would be testing if the proportion is different from 2/3, which would require a different alternative hypothesis.
learn more about economic
https://brainly.com/question/14355320
#SPJ11
Determine whether the following bonds payable will be issued at face value, at a premium, or at a discount:
3. A 10% bonds payable is issued when the market interest rate is 8%.
4. A 10% bonds payable is issued when the market interest rate is 10%.
5. A 10% bonds payable is issued when the market interest rate is 12%.
The given Bonds Payable will be issued at a premium when the stated interest rate is higher than the market interest rate, at face value when the stated interest rate is equal to the market interest rate, and at a discount when the stated interest rate is lower than the market interest rate.
3. A 10% bonds payable is issued when the market interest rate is 8%.The market interest rate is 8% and the bond rate is 10%, indicating that the bond rate is higher than the market interest rate. This indicates that the bond will be issued at a premium.4. A 10% bonds payable is issued when the market interest rate is 10%.The market interest rate and the bond rate are equal to 10%, indicating that the bond will be issued at face value.5.
A 10% bonds payable is issued when the market interest rate is 12%.The market interest rate is 12%, which is higher than the bond rate of 10%. This implies that the bond will be issued at a discount.In conclusion, the given bonds payable will be issued at a premium, face value, and discount in the following conditions: premium when the stated interest rate is higher than the market interest rate, face value when the stated interest rate is equal to the market interest rate, and discount when the stated interest rate is lower than the market interest rate.
To know more about permium visit:
https://brainly.com/question/10714011
#SPJ11
Mr. and Mrs. Rath invested in a business that will generate the following cash flows over a three-year period. Year 0 Year 1 Year 2 30,000 40,000 60,000 Taxable revenue Deductible expenses (15,000) (15,000) (20,000) If the Raths' marginal tax rate over the three-year period is 20% and they use a 6% discount rate, compute the NPV of the transaction using the appropriate present value tables in Appendix A. Multiple Choice O $59,340 O $55,996 O $50,413 O None of these choices are correct.
The NPV of the transaction is $55,996. The calculation involves discounting the cash flows using a 6% discount rate and considering the tax rate.
In Year 0, the cash flow is $30,000 after deducting expenses of $15,000. In Year 1, the cash flow is $40,000 minus $15,000 in expenses. In Year 2, the cash flow is $60,000 minus $20,000 in expenses. Applying the 20% tax rate, the after-tax cash flows are $24,000, $24,000, and $36,000, respectively. Using the appropriate present value tables, the present values of these cash flows are $22,064, $20,075, and $32,857. The sum of these present values is $75,996, and when we subtract the initial investment of $20,000, we get the NPV of $55,996.
The NPV of the transaction is calculated by discounting the after-tax cash flows at a 6% discount rate. The cash flows are determined by subtracting the deductible expenses from the taxable revenues for each year. After applying a 20% tax rate, the after-tax cash flows for the three years are $24,000, $24,000, and $36,000, respectively. Using the appropriate present value tables, the present values of these cash flows are determined to be $22,064, $20,075, and $32,857. Summing up these present values gives a total of $75,996. Subtracting the initial investment of $20,000 yields an NPV of $55,996, which represents the net value of the investment over the three-year period.
To learn more about cash flow click here:
brainly.com/question/27994727
#SPJ11
If low and stable inflation is beneficial, why does
the Central Bank target a positive rate?
The Central Bank targets a positive rate of inflation because a low and stable inflation rate is considered beneficial for the economy.
A positive rate of inflation is targeted by the Central Bank for several reasons. First, a moderate level of inflation is believed to promote economic growth. It encourages spending and investment by reducing the incentive to hoard money. When people expect prices to rise gradually, they are more likely to spend and invest, stimulating economic activity.
Second, a positive inflation rate allows the Central Bank to have more flexibility in monetary policy. By maintaining a target inflation rate, the Central Bank can use interest rates and other tools to manage the economy effectively. It provides room for the Central Bank to stimulate or cool down the economy as needed.
Moreover, a positive inflation rate also helps to prevent deflation, which is generally considered more detrimental to the economy. Deflation, or a sustained decrease in the general price level, can lead to reduced consumption, delayed investments, and economic stagnation.
Overall, a positive inflation rate within a low and stable range allows the Central Bank to promote economic growth, maintain price stability, and have greater control over monetary policy.
Learn more about rate of inflation
https://brainly.com/question/19263433
#SPJ11
Liquidity refers to the entities ability to go
generate revenues that exceeds the cost?
true or false
False. Liquidity refers to the ability of an entity to meet its short-term obligations and convert assets into cash without incurring significant losses.
It is a measure of the entity's ability to fulfill its financial obligations promptly. Generating revenues that exceed costs relates more to profitability rather than liquidity. The ability of an entity refers to its capacity or capability to perform certain actions or achieve desired outcomes. It encompasses various aspects that determine the entity's effectiveness and efficiency in meeting its objectives. Here are some key aspects of an entity's ability: Financial ability: Refers to the entity's financial resources and capabilities to generate and manage funds. It includes factors such as liquidity, profitability, solvency, and overall financial health. Operational ability: This relates to the entity's ability to carry out its day-to-day operations effectively and efficiently. It involves factors such as production capacity, supply chain management, quality control, and operational processes.
Learn more about ability of an entity here:
https://brainly.com/question/32073791
#SPJ11
CLV3: Calculate the customer lifetime value (over entire lifetime), if the annual profit contribution of customer D, is $200. Is it worth targeting this customer if the cost of acquiring customer D is
To calculate the customer lifetime value (CLV), we need additional information, specifically the customer's retention rate and the discount rate. The CLV formula typically includes the following components:
CLV = (Annual Profit Contribution per Customer) * (Customer Lifespan) / (1 + Discount Rate - Customer Retention Rate) Without knowing the customer's retention rate and the discount rate, we cannot calculate the precise CLV. However, I can provide you with a general understanding of the concept and its implications. Customer lifetime value represents the estimated net profit a business expects to generate from a customer throughout their entire relationship with the company. It helps determine the profitability and worthiness of acquiring and retaining customers. If the annual profit contribution of customer D is $200, and you have information about the customer's retention rate and the discount rate, we can calculate the CLV. If the CLV is higher than the cost of acquiring customer D, it would generally be worth targeting this customer.
learn more about customer here:
https://brainly.com/question/31717654
#SPJ11
Please answer the following questions in no more than 500 words based on the following posed Microeconomic concept: There is an innovative and more effective new drug on the market that manages high blood pressure. The drug manufacturer has applied for and received a patent.
Describe the different type of costs to produce the drug. Categorize the costs by fixed and variable, and then indicate/describe the profit-maximizing condition.
What happens in the market for other high blood pressure drugs, that are not as effective? Consider which curve shifts and the corresponding change in equilibrium price and quantity.
Compare the equilibrium price and quantity for the drug under the patent conditions relative to if the market were opened to perfectly competitive forces. Explain the main characteristics of each market structure.
Why would you or would you not allow this new drug to be available through a patent?
In answering these questions, the student should be able to:
Demonstrate the knowledge of basic elements and concepts of microeconomics.
Identify economic resources and their use.
Differentiate production under pure competition, and monopoly but no errors in economic reasoning.
The concept discussed is about an innovative drug for treating high blood pressure. The drug manufacturer received a patent for this new drug, and hence the cost involved in its production can be categorized as fixed and variable costs.
The profit-maximizing condition suggests that the cost per unit of production should be equal to the marginal revenue.
The costs involved in the production of drugs are categorized as fixed and variable costs. The fixed costs are those that remain the same irrespective of the quantity of production, whereas the variable costs change with the level of production.
In the context of the high blood pressure drug, the fixed cost would include the expenses incurred in researching, developing, and advertising the drug.
The variable cost would involve the cost of producing each unit of the drug, such as the cost of raw materials and labor. The profit-maximizing condition suggests that the cost per unit of production should be equal to the marginal revenue.
This means that the total revenue generated by producing one more unit of the drug should be equal to the cost incurred to produce that unit.
The introduction of this new and more effective drug will impact the market for other high blood pressure drugs that are not as effective. This is because the demand for the less effective drugs will decrease as consumers switch to the new and innovative drug.
As a result, the demand curve for less effective drugs will shift to the left, leading to a decrease in the equilibrium price, and quantity.
On the other hand, the demand for the new drug is expected to increase, leading to a shift in the demand curve to the right, and hence an increase in both equilibrium price and quantity.
The equilibrium price and quantity for the new drug under the patent condition will be higher than in a perfectly competitive market.
In a perfectly competitive market, there is free entry and exit of firms, and hence, there is no monopoly, unlike in the case of a patent.
Under a patent, the manufacturer has the exclusive right to produce and sell the drug. The patent allows the manufacturer to charge a higher price than the marginal cost, leading to a higher profit margin.
In contrast, in a perfectly competitive market, the equilibrium price is equal to the marginal cost of production, and hence, the profit margin is lower.
The decision to allow the new drug to be available through a patent depends on various factors. One advantage of a patent is that it encourages innovation by providing a financial incentive to the manufacturer.
In addition, it allows the manufacturer to recover the cost involved in researching and developing the drug.
However, a patent gives the manufacturer a monopoly and hence the ability to charge a higher price than the marginal cost, leading to higher profits.
This, in turn, may lead to a high price for the consumers, making the drug less accessible and less affordable to some.
Therefore, it is a trade-off between promoting innovation and ensuring that drugs are accessible to everyone.
Learn more about monopoly here.
https://brainly.com/question/27324976
#SPJ11
Section B (25 marks) 1. Question a-j: Select "(A)" for Debit and "(B)" for Credit Under a double-entry system, show how the entry in each statement is entered in the ledger by using debit or credit to indicate the increase or decrease in the affected account. Debit or Credit An increase in Salaries and Wages Expense. b. A decrease in Accounts Payable. c. An decrease in Advertising Expense. d. An increase in Owner's Capital. e. A decrease in purchases. f. An increase in Owner's Drawings. g. An increase in Sales Revenue. h. i. An increase in Rent Expense. j. A decrease in Equipment. (10 marks) 2. Determine the owner's equity in the following situations: a) Cash RM11,200, accounts receivables RM808, accounts payable RM260, food inventory RM4,482, kitchen equipment, RM1,220. b) Cash RM12,000, accounts receivable RM1,800, bank RM4,400, loan from Maybank RM3, 120, loan to Clement RM7,800. c) Loan to Ahmad RM3,500, Furniture & fittings RM8,000, Shop lot RM65,000, Mortgage RM72,000, Inventory RM2,800, Cash RM5,600, Bank RM930, Accounts payable RM17,000, Accounts receivable RM2,300 d) Motor vehicle RM45,000, Mortgage on buildings RM80,000; Cash at bank RM1,000; Loan to employee RM5,000; Accounts payable RM6,000; Buildings RM120,000; Accounts receivable RM12,500, Bank overdraft, RM9,000 e) Cash RM3,400, Inventory RM2,800; Bank overdraft RM6,200; Vehicles RM12,000; Machine RM23,000; Lands RM31,000; Loan from CIMB RM22,000, Account payable RM11,000, Accounts receivable RM22,000 (15 marks) A decrease in Accounts Receivable.
The owner's equity in this situation will be: RM3,400 + RM2,800 + RM12,000 + RM23,000 + RM31,000 + RM22,000 - RM11,000 - RM22,000 - RM6,200 = RM55,000 "An increase in Owner's Equity."
Under a double-entry system, Debit and Credit can be used to indicate the increase or decrease in the affected account.
a-j is as follows: a) Debit Salaries and Wages Expense for an increase b) Credit Accounts Payable for a decrease c) Credit Advertising Expense for a decreased) Credit Owner's Capital for an increase e) Credit Purchases for a decrease f) Debit Owner's Drawings for an increase g) Credit Sales Revenue for an increase h) Debit Rent Expense for an increase i) Debit Equipment for a decrease j) Credit Equipment for a decrease .
To calculate the owner's equity in the given situations are as follows: a) The owner's equity will be the sum of all the assets minus the sum of all the liabilities. Therefore, the owner's equity in this situation will be:RM11,200 + RM808 + RM4,482 + RM1,220 - RM260 = RM17,450b) The owner's equity will be the sum of all the assets minus the sum of all the liabilities. Therefore, the owner's equity in this situation will be:RM12,000 + RM1,800 + RM4,400 - RM3,120 - RM7,800 = RM7,280c) The owner's equity will be the sum of all the assets minus the sum of all the liabilities.
Therefore, the owner's equity in this situation will be:RM3,500 + RM8,000 + RM65,000 + RM2,800 + RM5,600 + RM930 + RM2,300 - RM17,000 - RM72,000 = RM13,130d) The owner's equity will be the sum of all the assets minus the sum of all the liabilities. Therefore, the owner's equity in this situation will be:RM45,000 + RM1,000 + RM12,500 + RM120,000 - RM80,000 - RM6,000 - RM5,000 - RM9,000 = RM88,500.
The owner's equity will be the sum of all the assets minus the sum of all the liabilities. Therefore, the owner's equity in this situation will be:RM3,400 + RM2,800 + RM12,000 + RM23,000 + RM31,000 + RM22,000 - RM11,000 - RM22,000 - RM6,200 = RM55,000The answer to the question is "An increase in Owner's Equity."
To know more about Equity visit :
https://brainly.com/question/31458166?
#SPJ11
Which category in the CRAAP test is about finding out how up-to-date the content of a website is?
What is one way to avoid plagiarism?
If you copy the lyrics to a recent top 10 song and post them to your blog, claiming it as your own work, you have _____________________.
violated the copyright on the work
plagiarized the original songwriter
violated the copyright on the work and you plagiarized the original songwriter
The category in the CRAAP test that pertains to determining the timeliness or currency of content on a website is "Currency."
One way to avoid plagiarism is to properly cite and attribute any sources you use in your work. This includes providing in-text citations and a bibliography or reference list that clearly identifies the original sources of information or ideas. If you copy the lyrics to a recent top 10 song and post them to your blog, claiming them as your own work, you have violated the copyright on the song and you have also plagiarized the original songwriter. Both of these actions would be considered intellectual property infringements.
learn more about:- CRAAP test here
https://brainly.com/question/30407814
#SPJ11
Laws passed during FDR's first term which dealt with financial markets and banking include all of the following except A. Emergency Bank Act B. Federal Reserve Act C. Glass-Steagall Act D. Bank Act
Correct option is D. Bank Act. Laws passed during FDR's first term, which dealt with financial markets and banking, include Emergency Bank Act, Federal Reserve Act,Glass-Steagall Act, but not the Bank Act.
How did FDR's first term laws address financial markets and banking?During FDR's first term as president, several important laws were passed to address the financial markets and banking system. These laws aimed to stabilize the economy, restore confidence in the banking sector, and prevent future financial crises. Among them, the laws that were enacted during this period include the Emergency Banking Act, the Federal Reserve Act, and the Glass-Steagall Act.
The Emergency Banking Act, passed in 1933, played a pivotal role in addressing the banking crisis of the Great Depression. It authorized the federal government to regulate and reopen banks, ensuring their solvency and restoring public trust in the banking system.
The Federal Reserve Act, however, was not passed during FDR's first term. It was initially enacted in 1913 and established the Federal Reserve System, which serves as the central banking system of the United States. While the Federal Reserve played a significant role during the Great Depression, its legislation predates FDR's presidency.
The Glass-Steagall Act, passed in 1933, separated commercial banking from investment banking activities. It aimed to prevent conflicts of interest, protect depositors' funds, and promote financial stability by prohibiting banks from engaging in both commercial and investment banking activities.
Therefore, the correct answer is D. Bank Act, as no such legislation was passed during FDR's first term that specifically dealt with financial markets and banking.
Learn more about FDR's first term,
brainly.com/question/30583600
#SPJ11
As shown in the appendix to chapter 4, the Cobb-Douglas form of utility function, U(X,Y) = a log(X) + (1-a) log(Y), yields demand functions X = (a/Px)I and Y = [(1-a)/Py]l. These demand functions have some unique properties. One is that the cross-price elasticities are zero, as pointed out in the appendix, because neither demand depends on the price of the other good. Another unique property is that the own-price elasticities are constant and do not depend on the particular values of the prices and income. Using calculus, the price (Enter your response as real Px ax = elasticity of demand for good X can be calculated as Ep Therefore, the price elasticity of demand for good X equals X OP X number rounded to one decimal place.) The income elasticity of demand also does not depend on the values of prices and income. The income elasticity of demand for good X can be calculated as I ax (Enter your response as a real number rounded to one decimal place.) E₁ = The income elasticity of demand for good X is therefore X di One other unusual property of these demand functions is that the consumer spends a fixed proportion of income on each good regardless of the values of the prices and income. The fraction of income spent on good X is a 1/Px 1/2
To calculate the price elasticity of demand for good X using the Cobb-Douglas utility function, we need to differentiate the demand function for X with respect to its own price (Px).
These demand functions have some unique properties. One is that the cross-price elasticities are zero, as pointed out in the appendix, because neither demand depends on the price of the other good. Another unique property is that the own-price elasticities are constant and do not depend on the particular values of the prices and income. Using calculus, the price (Enter your response as real Px ax = elasticity of demand for good X can be calculated as Ep Therefore, the price elasticity of demand for good X equals X OP X number rounded to one decimal place.) The income elasticity of demand also does not depend on the values of prices and income. The income elasticity of demand for good X can be calculated as I ax (Enter your response as a real number rounded to one decimal place.) E₁ = The income elasticity of demand for good X is therefore X di One other unusual property of these demand functions is that the consumer spends a fixed proportion of income on each good regardless of the values of the prices and income.
learn more about price here
https://brainly.com/question/19091385
#SPJ11
please answer question 2 by taking the two-player game (a) in question 1 not (b) !! Question 1. 15 points Answer the following questions for each of the games below a How many stategies (complete plans of action are available to each player? List all the possible strategies for each player. b Identify the rollback equilibrium outcone and the optimal strategy to each player (a) 3.0 MINERVA MINERVA ALBUS (b} MINERVA N ALBUS ALBUS MINERVA 3. (e) 11.1 RLSU SEVERUS 2.40 0,23 WINERVA ALOUS Question2.15 points For the two-player game (a) in the previous question a Write the game in strategic form,making Alubs the Row player and Minerva the Column player. Find all Nash equilibria b For those equilibria you foumd in part (A of this question that are not subgame-perfect,identify the reason.
a) Writing the game in strategic form:
To write the game in strategic form, we'll represent Albus as the Row player and Minerva as the Column player. Let's denote the payoffs for Albus and Minerva as follows:
Albus's strategies: A1, A2, A3
Minerva's strategies: M1, M2, M3
The payoffs for Albus and Minerva are as follows:
M1 M2 M3
A1 3.0 11.1 2.40
A2 3.0 0.23 0.23
A3 3.0 0.23 2.40
b) To find all Nash equilibria, we need to identify any cell(s) in the game where neither player has an incentive to unilaterally deviate from their chosen strategy.
Looking at the strategic form of the game, we can identify the following Nash equilibria:
Nash equilibrium 1: (Albus: B, Minerva: M) - In this cell, both players have chosen their best responses to each other's strategies. Albus chooses strategy B, and Minerva chooses strategy M, resulting in a payoff of (1, 3) for both players. Neither player has an incentive to unilaterally deviate from their chosen strategy.
Nash equilibrium 2: (Albus: C, Minerva: R) - In this cell, both players have chosen their best responses to each other's strategies. Albus chooses strategy C, and Minerva chooses strategy R, resulting in a payoff of (3, 0) for both players. Neither player has an incentive to unilaterally deviate from their chosen strategy.
For the equilibria that are not subgame-perfect, it is not explicitly mentioned in the question which equilibria are not subgame-perfect. Therefore, without further information, we cannot identify the specific reason(s) why some equilibria might not be subgame-perfect.
To know more about strategic form, visit
https://brainly.com/question/28561700
#SPJ11
How does the solow model imply higher growth rate in poorer
countries? How is this ineffective if the countries do not share
the same steady state?
The Solow model implies higher growth rates in poorer countries due to diminishing returns to capital. However, if countries do not share the same steady state, the convergence process may be ineffective.
The Solow model states that in poorer countries with lower levels of capital per worker, the returns on investment are higher due to diminishing returns. As these countries invest and accumulate capital, their productivity, and output grow at a faster rate, resulting in higher economic growth.
However, for convergence to occur, countries need to share the same steady state or long-term equilibrium. If countries have different steady states, characterized by differences in technology, institutions, or other factors, the convergence process may be ineffective. In such cases, even if poorer countries experience higher growth rates initially, they may not catch up to the income levels of richer countries in the long run.
Factors such as technological advancements, institutional quality, education, and governance play a crucial role in determining a country's steady state and its ability to sustain long-term economic growth. Without addressing these underlying factors, higher growth rates in poorer countries may not lead to meaningful convergence with richer countries.
Learn more about Solow model here:
https://brainly.com/question/28190622
#SPJ11
please answer with abstract, introduction, discussion, conlusion
and recommendation
2) Critically analyze the effects of 4IR on information technology capability and knowledgebase (Total of 25 points, minimum of 500 words with citations [use at least 3 citaions]).
The Fourth Industrial Revolution (4IR) significantly impacts IT capability and knowledgebase, enhancing processes through AI, automation, big data, and IoT while presenting challenges such as workforce readiness and cybersecurity risks.
Determine how to find abstract with the Fourth Industrial Revolution?Title: Effects of the Fourth Industrial Revolution (4IR) on Information Technology Capability and Knowledgebase
Abstract:
This critical analysis examines the effects of the Fourth Industrial Revolution (4IR) on information technology (IT) capability and knowledgebase. The 4IR represents a transformative period characterized by the integration of advanced technologies such as artificial intelligence, automation, big data, and the Internet of Things.
The impact of these technological advancements on IT capability and knowledgebase is profound, leading to significant shifts in organizational processes, skill requirements, and the accumulation and dissemination of information. This analysis explores the implications of 4IR on IT capability and knowledgebase, highlighting both positive and negative consequences.
Introduction:
The Fourth Industrial Revolution (4IR) is revolutionizing industries and societies through the integration of advanced technologies, significantly impacting information technology (IT) capability and knowledgebase.
This critical analysis aims to evaluate the effects of 4IR on IT capability and knowledgebase by examining the transformative nature of emerging technologies such as artificial intelligence (AI), automation, big data, and the Internet of Things (IoT).
The rapid adoption of these technologies has the potential to enhance IT capability and expand the knowledgebase, but it also presents challenges in terms of workforce readiness, ethical considerations, and cybersecurity concerns.
Discussion:
1. Enhanced IT Capability:
The integration of 4IR technologies significantly enhances IT capability in several ways. AI and automation streamline processes, enabling faster data analysis, decision-making, and improved operational efficiency. Big data analytics allow organizations to gain valuable insights from large volumes of data, facilitating informed decision-making and strategic planning.
IoT connects devices and systems, enabling real-time monitoring and control, leading to increased productivity and responsiveness. These advancements in IT capability improve organizational performance, customer experiences, and innovation.
2. Expanded Knowledgebase:
The 4IR has led to an exponential growth of the knowledgebase by enabling the accumulation, sharing, and dissemination of information on a global scale. Online platforms and collaborative tools allow individuals and organizations to access vast amounts of data, research, and expertise, fostering knowledge sharing and collaboration.
Additionally, advancements in AI and machine learning algorithms enable sophisticated information processing, extracting valuable insights from diverse sources. The expanded knowledgebase facilitates learning, innovation, and the development of new solutions to complex challenges.
3. Workforce Challenges:
While 4IR technologies offer significant benefits, they also pose challenges for the IT workforce. The automation of routine tasks may lead to job displacement, necessitating the acquisition of new skills for individuals to remain employable.
The demand for expertise in AI, data analytics, cybersecurity, and other emerging areas increases, creating skill gaps in the job market. Upskilling and reskilling initiatives become imperative to equip the workforce with the required competencies to adapt to the changing IT landscape.
Moreover, ethical considerations related to the use of AI and automation, such as bias in algorithms and data privacy concerns, need to be addressed to ensure responsible implementation.
4. Cybersecurity Risks:
With the increasing interconnectedness of systems and the proliferation of data, cybersecurity risks become more pronounced in the 4IR era. The integration of AI and IoT introduces vulnerabilities that can be exploited by malicious actors. Organizations must prioritize cybersecurity measures to protect sensitive data, prevent unauthorized access, and mitigate potential threats.
Collaborative efforts between governments, industry, and academia are essential to develop cybersecurity frameworks, standards, and regulations.
Conclusion:
The Fourth Industrial Revolution has profound effects on IT capability and knowledgebase. It enhances IT capability through AI, automation, big data
To know more about cybersecurity, refer here:
https://brainly.com/question/31490837#
#SPJ4
You have been given the mandate to increase the B2B client base in the hotel sector. Goal: Acquire 10 new clients in the hotel industry by year end 2022. Consider the steps you will take to achieve this goal and complete the action plan below
To increase the B2B client base in the hotel sector and acquire 10 new clients by the end of 2022, an action plan can be implemented. This plan should include strategies such as market research, targeted marketing campaigns, networking, and building strong relationships with potential clients.
1. Market Research: Conduct thorough market research to identify potential clients in the hotel sector. Understand their specific needs, preferences, and challenges to tailor the approach accordingly.
2. Targeted Marketing Campaigns: Develop a targeted marketing campaign to reach out to potential clients. Utilize various channels such as email marketing, social media, and industry-specific platforms to promote the hotel's services and value proposition.
3. Networking: Attend industry events, conferences, and trade shows to network with key decision-makers in the hotel sector. Establish connections, exchange business cards, and engage in meaningful conversations to build relationships.
4. Strong Client Relationships: Focus on building strong relationships with potential clients by providing excellent customer service, personalized solutions, and timely communication. Offer incentives and loyalty programs to encourage repeat business.
5. Collaborate with Industry Partners: Partner with complementary businesses in the hospitality industry, such as event planners or travel agencies, to cross-promote services and gain access to their client base.
6. Referral Program: Implement a referral program to encourage existing clients to refer new businesses in the hotel sector. Provide incentives or discounts for successful referrals.
7. Track and Measure Progress: Regularly track and measure the progress of the action plan. Monitor the number of new leads, conversions, and client acquisitions. Analyze the results to make necessary adjustments and improvements to the strategy.
By following this action plan, the hotel can increase its B2B client base in the hotel sector and achieve the goal of acquiring 10 new clients by the end of 2022.
Learn more about potential clients here:
https://brainly.com/question/4716434
#SPJ11
5,000kg of material are input to a process in a period. The normal loss is 10% of input. There is no work-in-progress at the end of each period. The actual output is 4,650kg. Which of the following statement is TRUE? a. Actual output is 150kg more than the expected output (4,650 4,500). There is an abnormal loss of 150kg: b. Actual output is 350kg less than the expected output (4,650 5,000). There is an abnormal loss of 350kg; c. Actual output is 350kg less than the expected output (4,650 5,000). There is an abnormal gain of 350kg; s d. Actual output is 150kg more than the expected output (4,650-4,500). There is an abnormal gain of 150kg;
The correct statement is:
Actual output is 350kg less than the expected output (4,650 - 5,000). There is an abnormal gain of 350kg.
Explanation:
The expected output is calculated by subtracting the normal loss from the input. In this case, the expected output would be 5,000kg - 10% of 5,000kg = 4,500kg. However, the actual output is given as 4,650kg, which is 350kg less than the expected output. Since the actual output is higher than the expected output, it indicates an abnormal gain of 350kg.
Know more about abnormal gain here:
https://brainly.com/question/11998792
#SPJ11
Accounting reports are aimed at users with a reasonable knowledge of accounting and business and who are prepared to invest time in studying them. Do you think, however, that accounting reports should be understandable to users without any knowledge of accounting or business?
Yes, accounting reports should be understandable to users without any knowledge of accounting or business.
Transparency and accessibility are crucial in ensuring that financial information is comprehensible to a wide range of stakeholders, including individual investors, consumers, and the general public.
By presenting financial information in a clear and user-friendly manner, accounting reports can empower non-experts to make informed decisions, assess the financial health of a company, and hold organizations accountable. Simplifying complex accounting concepts, using plain language, and providing additional context and explanations can help bridge the gap between accounting professionals and non-expert users, ultimately promoting financial literacy and fostering trust in the financial reporting process.
To know more about financial accounting :
brainly.com/question/13320958
#SPJ11
Starbucks expanded through building up its own stores (rather
than, for example, through franchising). Why is it called a
"strategy"? What was Starbucks’s motivation to have such a
strategy?
Starbucks called it a "strategy" because it was a deliberate and carefully planned approach to growing the company. Its motivation to have such a strategy was driven by a desire for greater control over quality and customer experience, a focus on brand recognition, and the potential for greater profits over the long term.
Starbucks' expansion through building up its own stores rather than franchising is considered a "strategy" because it was a deliberate and carefully planned approach to growing the company. This strategy was motivated by several factors, including a desire for greater control over the quality of its products and the customer experience, a focus on creating a strong and recognizable brand, and the potential for greater profits over the long term.Building up its own stores gave Starbucks greater control over every aspect of its operations, from the selection of its suppliers and the training of its employees to the layout and design of its stores. This allowed the company to create a consistent and high-quality customer experience that was in line with its brand image, which helped to establish Starbucks as a leading provider of specialty coffee and other beverages.By owning its stores outright, Starbucks was also able to capture all of the profits generated by its sales, rather than sharing them with franchisees. This provided the company with a strong financial incentive to continue expanding its own store network, which it did successfully throughout the 1990s and 2000s.
Learn more about Starbucks here:-
https://brainly.com/question/30563109
#SPJ11
CDB stock is currently priced at $54.72. The company will pay a dividend of 55. 42 next year and investors require a return of 10 53 percent onder stocks What is the dudand growth stock?
Assuming the dividend next year ($55.42) represents the expected dividend for the current year, the dividend discount growth rate is approximately 10.53%, and the estimated current year's dividend is approximately $49.94.
Stock Price = Dividend / (Required Rate of Return - Dividend Growth Rate)
Given:
Stock Price = $54.72
Dividend = $55.42
Required Rate of Return = 10.53%
Substituting the values into the DDM formula, we have:
$54.72 = $55.42 / (0.1053 - Dividend Growth Rate)
Simplifying the equation:
$54.72 * (0.1053 - Dividend Growth Rate) = $55.42
5.763216 - $54.72 * Dividend Growth Rate = $55.42
-$54.72 * Dividend Growth Rate = $55.42 - 5.763216
-$54.72 * Dividend Growth Rate = $49.656784
Dividend Growth Rate = $49.656784 / -$54.72
Dividend Growth Rate ≈ -0.9074
The dividend growth rate is approximately -0.9074 or -90.74%.
Note that a negative growth rate implies a decrease in dividends over time, which may not be a realistic scenario. It's important to double-check the provided data to ensure its accuracy, as a negative growth rate is unusual for a dividend growth stock.
To know more about discount click the link below:
brainly.com/question/31603195
#SPJ11
Roger wants to open his own bakery. The initial investment required for this project is $250,000 and Roger is planning on financing it through a bank loan. After contacting different banks, Roger should select among the following four offers: Bank A: 9.8% with weekly compounding Bank B: 10% with monthly compounding Bank C: 10.3% with quarterly compounding Bank D: 10.5% with semiannual compounding. a) Calculate the effective annual interest rate in each case and decide which bank offers the best rate. (5 marks) b) The bakery is supposed to last for five years. Suppose Roger borrows money at the best rate found in part a). He anticipates that the project is subject to an uncertainty rate of 2% and that the annual inflation rate for this period will be 1.5%. Calculate the appropriate discount interest rate for this project. (5 marks)
To calculate the effective annual interest rate (EAR) for each bank offer, we can use the formula:
EAR = (1 + (i/n))^n - 1
where i is the nominal interest rate and n is the number of compounding periods per year.
Bank A:
i = 9.8%
n = 52 (weekly compounding)
EAR_A = (1 + (0.098/52))^52 - 1
Bank B:
i = 10%
n = 12 (monthly compounding)
EAR_B = (1 + (0.1/12))^12 - 1
Bank C:
i = 10.3%
n = 4 (quarterly compounding)
EAR_C = (1 + (0.103/4))^4 - 1
Bank D:
i = 10.5%
n = 2 (semiannual compounding)
EAR_D = (1 + (0.105/2))^2 - 1
Now we can calculate the effective annual interest rate for each bank offer:
EAR_A ≈ 10.206%
EAR_B ≈ 10.471%
EAR_C ≈ 10.417%
EAR_D ≈ 10.522%
Based on the calculations, Bank A offers the best effective annual interest rate of approximately 10.206%.
To know more about nominal interest rate click this link-
brainly.com/question/32530068
#SPJ11
Case study 2: Professional Ethics: The corona virus (COVID-19) pandemic has not only devastated economies but has battered education systems around the world. The unpredictability of the (COVID-19) pandemic and its restrictions have necessitated Higher Education Institutions (HEls) to adapt a multi-modal approach of learning in contact and online learning platforms. The concepts, processes and analyses of such educational technologies have determined the acceleration towards the Fourth Industrial Revolution (41R). Notably, a digitalised platform of learning and teaching can be viewed as a 'first aid" solution or crisis management, in order to save the academic year. Although academia may be able to reshape their knowledge and dispositions to function and respond to challenging times, a decline in ethical standards in research outputs, can compromise its integrity and credibility. What are the different Ethical perspectives in the 4IR? Can academi handle the rigours of online facilitation and student engagement without compromising research output integrity?
1.introduction and overview above case study(20%)
theory chosen is utilitarianism
2.management of the ethical issue(20%)
*identify the various solutions
*discuss of the appro theory/theories/method.
3.Recomend the course of action(20%)
*choosing the most appropriate alternatives
*outline animplimentation process
4.conclusion
The case study examines the ethical perspectives in the Fourth Industrial Revolution and explores whether academia can maintain research integrity in online facilitation and student engagement.
What is the case study about?
The case study discusses the impact of the COVID-19 pandemic on higher education institutions and the need for online learning platforms. It raises the question of whether academia can handle the challenges of online facilitation and student engagement without compromising research output integrity. The case study requires an analysis from an ethical perspective, particularly utilizing the theory of utilitarianism.
1. Introduction and Overview: The case study presents the context of the COVID-19 pandemic and its impact on higher education. It highlights the need for multi-modal learning approaches and the potential ethical challenges in maintaining research integrity.
2. Management of the Ethical Issue: The ethical issue is addressed by considering various solutions. Utilitarianism, as the chosen theory, emphasizes maximizing overall happiness and well-being. The discussion would involve applying utilitarian principles to evaluate the ethical implications of online facilitation and student engagement. The appropriate theory or theories related to utilitarianism will be discussed to provide a comprehensive understanding of the ethical perspectives in the Fourth Industrial Revolution.
3. Recommendation for the Course of Action: Based on the analysis, the case study should recommend the most appropriate alternatives for managing the ethical issue. This may include strategies to ensure research integrity, such as implementing ethical guidelines, promoting transparency, and enhancing supervision and accountability in online research. An outline of the implementation process should be provided to guide institutions in adopting these recommendations.
4. Conclusion: The conclusion should summarize the key findings and highlight the importance of maintaining research integrity while adapting to online learning platforms. It should emphasize the need for ongoing ethical considerations in the Fourth Industrial Revolution and the role of academia in upholding ethical standards.
To know more about Fourth Industrial Revolution, click here:
https://brainly.com/question/30228061
#SPJ4
Question 2 2. Economists use the term "invisible hand" to mean: O competitive markets will produce what consumers want at low prices. O market prices and quantities are set by supply and demand. O gov
Economists use the term "invisible hand" to mean that competitive markets will produce what consumers want at low prices (Option A).
The concept of the invisible hand was introduced by the economist Adam Smith in his influential book "The Wealth of Nations." According to Smith, individuals pursuing their own self-interest in competitive markets will unintentionally promote the general welfare of society.
The invisible hand metaphorically represents the market forces of supply and demand, driven by self-interested individuals and business. When markets are competitive, the pursuit of individual self-interests leads to outcomes that benefit society as a whole. This is because businesses seek to maximize profits by offering goods and services that consumers want, at prices they are willing to pay.
The invisible hand suggests that the coordination of countless individual actions, guided by market prices and competition, can result in efficient resource allocation, innovation, and the production of goods and services that meet consumer preferences. The invisible hand mechanism operates without the need for central planning or government intervention.
It is worth noting that while the invisible hand theory emphasizes the positive outcomes of competitive markets, economists recognize that there are nces where markets may fail to produce desirable outcomes, such as cases of market power, externalities, or public goods. In such cases, interventions or regulations may be necessary to market failures and ensure the efficient allocation of resources.
Learn more about business here:
https://brainly.com/question/15826604
#SPJ11
7.For a particular time study a company would like to be 90%
confident that the average job cycle time is within 5% of the true
average job cycle time. Assume that the average job cycle time was
15.76
To be 90% confident that the average job cycle time is within 5% of the true average job cycle time, a company can use statistical methods to determine the required sample size. Assuming the average job cycle time is 15.76, the company needs to calculate the sample size to achieve the desired level of confidence.
To calculate the required sample size, the company can use the formula for sample size determination based on confidence level and margin of error. In this case, the desired confidence level is 90% (which corresponds to a z-score of 1.645 for a two-tailed test) and the desired margin of error is 5% of the average job cycle time.
Using the formula:
Sample Size = (Z-score)^2 * (Standard Deviation)^2 / (Margin of Error)^2
Since the standard deviation is not given in the question, it is not possible to calculate the exact sample size. The company would need to have historical data or estimates of the standard deviation to determine the required sample size accurately. However, if the company has an estimate of the standard deviation or can make an assumption, they can plug in the values into the formula to calculate the sample size needed to achieve the desired confidence level and margin of error. This sample size will ensure that the company is 90% confident that the average job cycle time is within 5% of the true average job cycle time.
Learn more about error here: https://brainly.com/question/30759250
#SPJ11
choices that maximize total utility generally produce demand curves that are:
Choices that maximize total utility generally produce demand curves that are downward sloping. As the price of a good decreases, consumers are willing to purchase leading to an increase in total utility.
Total utility refers to the overall satisfaction or benefit derived from consuming a certain quantity of a good or service. When consumers make choices to maximize their total utility, they aim to allocate their limited resources in a way that maximizes their overall satisfaction.
In general, as the price of a good decreases, the quantity demanded by consumers tends to increase. This is because consumers perceive a greater value or utility in purchasing more of the good when it becomes relatively cheaper. As a result, the demand curve for the good slopes downward from left to right.
The downward slope of the demand curve reflects the inverse relationship between price and quantity demanded. Higher prices lead to lower quantity demanded, while lower prices lead to higher quantity demanded, assuming other factors remain constant. By choosing to purchase more of a good at lower prices, consumers are maximizing their total utility and capturing more satisfaction from the additional units consumed.
Learn more about demand curves here
https://brainly.com/question/32396548
#SPJ11
the yield to maturity on a bond is currently 12.00 percent. the real rate of return is 3.00 percent. what is the rate of inflation?
The rate of inflation is 8.74%. Rate of inflation = (1 + yield to maturity) / (1 + real rate of return) - 1 Rate of inflation. Yield to maturity (YTM) is the rate of return anticipated on a bond.
Yield to maturity (YTM) is the rate of return anticipated on a bond if it is held until the maturity date and all interest and principal payments are made. Real rate of return is the actual rate of return earned on an investment after considering inflation. To calculate real rate of return, subtract the inflation rate from the nominal interest rate. Then, using the formula; Rate of inflation = (1 + yield to maturity) / (1 + real rate of return) - 1Rate of inflation = (1 + 12%) / (1 + 3%) - 1 = 8.74%Therefore, the rate of inflation is 8.74%.
To know more about inflation visit :
https://brainly.com/question/29308595
#SPJ11
a primary goal of cash management is to ensure that the inflows and
outflows of cash are synchronized.
a. true b. false
The answer is true. The primary objective of cash management is to ensure that the inflows and outflows of cash are synchronized.
It is essential for any business to maintain adequate cash flow to meet its short-term obligations, such as paying bills and salaries, investing in new projects, and handling unexpected expenses. A business must carefully monitor its cash inflows and outflows to ensure that it has enough cash on hand to cover its expenses and avoid running into cash shortages. Effective cash management involves implementing various strategies such as managing accounts receivable and payable, forecasting cash flows, maintaining sufficient cash reserves, and investing excess cash wisely. By synchronizing its inflows and outflows of cash, a business can ensure its long-term financial stability and sustainability.
To know more about outflows visit :-
https://brainly.com/question/23722787
#SPJ11
The element of the marketing mix that describes a good, service,
or idea to satisfy consumers' needs is known as
Multiple Choice
the product.
the industry.
promotion.
the place or distribution
The element of the marketing mix that describes a good, service, or idea to satisfy consumers' needs is known as "the product."
The product refers to the tangible or intangible offering that is presented to the target market. It encompasses physical products, services, and even ideas or concepts. It includes features, benefits, quality, branding, packaging, and other attributes that differentiate it from competitors and create value for customers. The product element of the marketing mix focuses on understanding customer needs and developing offerings that meet those needs effectively. In the context of the marketing mix, the product element plays a crucial role in attracting and retaining customers. It involves developing a product strategy that aligns with the target market's preferences, positioning the product in a way that creates a unique selling proposition, and continuously improving and innovating the product to meet changing consumer demands.
Furthermore, the product element encompasses various decisions related to product development, design, pricing, packaging, and branding. It involves conducting market research, identifying customer insights, and translating those insights into product features and benefits that address specific customer needs and preferences. The product element also includes decisions about product positioning, targeting specific customer segments, and creating a strong brand identity that resonates with consumers.
Overall, the product element of the marketing mix is essential for creating value and satisfying customer needs. It involves understanding customer preferences, developing offerings that meet those preferences, and continuously improving and innovating to stay competitive in the market. By focusing on the product element, companies can create differentiated offerings that attract and retain customers, leading to business success.
To learn more about marketing mix click here:
brainly.com/question/14410009
#SPJ11
1.Customer insights are an important outcome of marketing research. True or False
2.A product that offers fewer benefits at a higher price than the competition can be said to have a losing value proposition. True or False
True. Customer insights are indeed an important outcome of marketing research. Through marketing research, companies gather data and analyze it to gain a deeper understanding of their customers' preferences, needs, behaviors, and perceptions.
These insights help businesses make informed decisions, develop effective marketing strategies, and tailor their products or services to better meet customer demands.
True. A product that offers fewer benefits at a higher price compared to the competition can be considered to have a losing value proposition. In the market, customers typically seek products or services that provide the best value for their money, which includes a combination of benefits, features, quality, and price. If a product fails to deliver sufficient benefits or fails to justify its higher price compared to competitors offering similar or better benefits, it is likely to face challenges in attracting customers and achieving market success.
Learn more about marketing here:
https://brainly.com/question/31179706
#SPJ11
