Assuming that wine is a normal good, an increase in consumer income, other things being equal, will shift the demand curve for wine to the right.
Assuming that hamburger is an inferior desirable, an increase in client profits, different matters being the same will cause a leftward shift in the call for curve for a hamburger. a downsloping call for curve and an upsloping supply curve for a product a boom in consumer income will A. increase equilibrium charge and amount if the product is a regular true.
An alternate in charge causes supply curves to increase or contract. If the charges boom, different factors are stored consistent, and there's a boom in the quantity supplied that is referred to as a selection in delivery. Graphically, that is represented as an upward motion along the same supply curve. The law of supply and call for is a keystone of current economics. in line with this concept the price of an excellent is inversely related to the amount supplied.
Learn more about Consumer income here::-https://brainly.com/question/21938521
#SPJ4
dell inc. learned that the lithium-ion batteries in its notebook computers posed a fire hazard to consumers. the company recalled 2.7 million batteries and gave consumers a replacement before any personal injuries resulted. dell was most likely concerned with which consumer bill of rights principle?
Dell inc. learned that the lithium-ion batteries in its notebook computers posed a fire hazard to consumers. The company recalled 2.7 million batteries and gave consumers a replacement before any personal injuries resulted. Dell was most likely concerned with consumers' right to be heard.
One of the rights granted to customers by the consumer protection act is the right to be heard. It gives consumers the ability to confront the consumer forum with complaints and questions about anyone.
When a customer is unhappy with a product or service, they have the right to complain and to be heard. This is the reason that many progressive companies have established their own customer service and grievance cells to assist customers in getting their complaints resolved.
To know more about consumers' rights, click here:-
https://brainly.com/question/2775117
#SPJ4
Under what circumstances would it most likely be considered beneficial for a government to be a large borrower of foreign investment capital?
A country's trade in manufactured goods diminished substantially, causing it to lose tax revenue and become a net borrower of foreign funds. Foreign investment entails capital transfers from one country to another, with foreign investors gaining substantial ownership shares in indigenous enterprises and assets.
A recent tendency is toward globalization, with multinational corporations investing in a range of countries. Foreign indirect investment is made up of corporations, financial institutions, and private investors who buy stock in foreign enterprises that trade on a foreign stock exchange. Large multinational firms will seek new prospects for economic growth in other nations by building branches and growing their investments.
To learn more about investment, click here.
https://brainly.com/question/14682309
#SPJ4
the product-market expansion grid is a useful way to view the range of potential market opportunities availale to firms. the dimensions of the matrix are new vs. exiting markets and new vs. existing
The product-market expansion grid is a useful way to view the range of potential market opportunities available to firms. the dimensions of the matrix are new vs. exiting markets and new vs. existing: Markets.
What are Potential Markets? The portion of the market you can eventually seize is known as a prospective market. These are clients you could attempt to entice but do not currently have. Learn how to spot these possible new clients and what to do to draw them in.For instance, the annual sales potential for ten-speed bicycles could be $5,000,000.Determine the area in which your market is situated. Set clear limits within which you will conduct business. Demographic. Age, race, religion, gender, income level, family size, occupation, education level, and marital status are just a few of the factors used to identify potential clients.The product-market expansion grid is a useful way to view the range of potential market opportunities available to firms. the dimensions of the matrix are new vs. exiting markets and new vs. existing: Markets.
To learn more about the potential market, refer to:
https://brainly.com/question/13538844
#SPJ4
dexter, incorporated, had a cost of goods sold of $43,921. at the end of the year, the accounts payable balance was $7,943. how long on average did it take the company to pay off its suppliers during the year?
It takes an average 66 days for the company to pay off its suppliers during the year.
CalculationDays Payable Outstanding can be calculated using this following formula:
Days Payable Outstanding = (Accounts Payable × 365) / Cost of Goods Sold
= (7,943 × 365) / 43,921
= 66.01
So, Days Payable Outstanding is 66 days and we can assume that it takes an average 66 days for the company to pay off its suppliers during the year.
What is accounts payable balance?Accounts payable (AP), sometimes known as "payables," is the term used to describe a business's current short-term obligations to its suppliers or creditors. A company's payables are listed as a current obligation on its balance sheet.
The business division or department in charge of making payments due by the company to suppliers and other creditors is referred to as "AP" in another, less prevalent usage.
Learn more about Accounts payable
https://brainly.com/question/20713676
#SPJ4
Aiden is a graphics designer for an advertising agency. What talent might Aiden use to do well at his job?
A.
be friendly and outgoing
B.
be artistic and like to create things
C.
enjoy the outdoors
D.
be kind and a good listener
Answer:
B
Explanation:
He is designing, that is all.
On november 26, civic company purchased $1,200 of supplies on account. the journal entry to record this transaction will include?
On November 26, the civic company purchased $1,200 of supplies on account. There will be "a debit to suppliers as well as a credit to trade payables" in the journal entry to document this transaction.
What journal entries?Journaling is the practice of keeping or producing records of all transactions, whether or not they are pecuniary. There may be several entries in the journal, each of which represents either a credit or a debit. If indeed the total of the credits and debits does not equal, the journal entry is regarded to be unbalanced.
Journal entries can list one-time or ongoing events, such as bond amortization or depreciation. Accounts payable normally has its own sub-ledger that indirectly impacts the general ledger, and journal entries in accounting software are typically entered using a distinct module from those.
As a result, general ledger account balances are changed directly by journal entries. The correct date, amount(s) to be debited, amount to be credited, description of the transaction, and specific reference number are all parts of a properly formatted journal entry.
To know more about journal entries visit:- https://brainly.com/question/20421012
#SPJ4
consider a 10-year, $50 annuity that makes annual payments. the first payment is made exactly 4 years from today and the appropriate discount rate is 6%. what is the present value of this annuity?
The present value of the annuity in today's terms is $308.98
What is the present value of the annuity?
The present value of the annuity is the present value of cash flows of $50 per year for 10 years bearing in mind that the first cash flow is in 4 years, we need to note that the present value formula of an annuity discount cash flows from year 4 to year 3
PV=PMT*(1-(1+r)^-N/r
PV=present value of annuity=unknown
PMT=annual cash flow=$50
r=discount rate=6%
N=number of annual cash flows in 10 years=10
PV(year 3)=$50*(1-(1+6%)^-10/6%
PV(year 3)=$368.00
PV(year 0)=$368.00/(1+6%)^3
PV(year 0)=$308.98
Find out more about annuity on:https://brainly.com/question/25792915
#SPJ4
In 2019 net worth represented ____ of the liabilities and net worth of commercial banks.
In 2019 net worth represented about 11% of the liabilities and net worth of commercial banks.
Net worth is the total sum of your financial assets less the total value of your liabilities, or debts. Assets are what you own, such as currency in bank accounts, savings accounts, and retirement funds.The value remaining after subtracting liabilities from assets is an individual's net worth. Debts such as mortgages, credit card balances, student loans, and vehicle loans are examples of liabilities. Bills and taxes are examples of commitments that must be paid as liabilities.Bank assets primarily consist of various types of loans and marketable securities, as well as reserves of base money, which can be stored as genuine central bank notes and coins or as a credit (deposit) balance with the central bank.Thus this is the meaning of net worth.
To learn more about net worth, refer: https://brainly.com/question/12371230
#SPJ4
Does the decision to make a blockbuster movie mean that some other more desirable activities get fewer resources than they deserve?
In economics positive statements are fact-based and objective, thus such statements can be tested and proved or disproved with the available evidence. The normative economic statements are opinion based and subjective which cannot be tested. Since providing an activity with lesser resources than it deserves cannot be tested with available evidence hence will be a normative statement.
A blockbuster is a Hollywood movie that's made with a large budget and big stars. A true blockbuster is extremely popular and brings in a lot of money. Typically, a blockbuster is a fabulous summer movie that audiences line up to see the first weekend it's released.
Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.
Learn more about economics here
https://brainly.com/question/17996535
#SPJ4
complete the statement about taxes on dividends. dividends that are are taxed the same as short-term capital gains, which is the investor’s marginal tax rate.
Non qualified is the investor’s marginal tax rate, is the statement about taxes on dividends. Dividends that are taxed the same as short-term capital gains.
What is short-term capital gains?Gains from selling assets a person owned for a year or less are considered short-term capital gains and are typically taxed at the same rate as the ordinary income, which can range from 10% to 37%.
The shares in the aforementioned case were sold through a reputable stock exchange after being held for less than a year and were subject to STT; as a result, the STCG can be referred to as STCG covered by section 111A. A 15% tax will apply to such STCG.
Thus, Non qualified is the investor’s marginal tax rate.
For more details about short-term capital gains, click here:
https://brainly.com/question/20910889
#SPJ4
when an economy produces a combination of goods that lies inside the production possibilities curve: group of answer choices resources will never be depleated. opportunity cost is constant. resources are not being fully and efficiently used. resources are being fully and efficiently used. prices are constant.
When an economy produces a combination of goods that lies inside the production possibilities curve its resources are not being fully and efficiently used. Hence, option C is correct.
What is the Production possibility frontier?The production possibility frontier, a curve, displays on a graph the maximum amounts that may be produced of two goods if they are both made from the same scarce resource. A different name for the PPF is the production possibility curve.
Opportunity cost is the money wasted in the production of a commodity when resources are transferred from one to another. On a graph, the maximum amount that could be generated is depicted as a curve.
Thus, option C is correct.
For more details about Production possibility frontier, click here:
https://brainly.com/question/27833900
#SPJ4
Describe at least three supply chains that provide products to your school book store. do they use cooperative supply chain methods to help reduce their costs?
Describe at least three supply chains that provide products to your school book store. do they use cooperative supply chain methods to help reduce their costs
Supply chain management (SCM) has become “a highly sophisticated, technology-dependent, and collaborative discipline that combines the business functions of purchasing, operations, inventory management and warehousing. There are three main flows of supply chain management: the product flow, the information flow, and the finances flow.
What is Supply chain management?
Supply chain management, which covers all procedures that convert raw materials into finished commodities, is the management of the movement of goods and services. It entails the deliberate simplification of a company's supply-side operations in order to optimize customer value and achieve a competitive edge in the market. The handling of a good or service's full manufacturing flow, from the raw materials to the delivery of the finished product to the customer, is known as supply chain management.
Therefore,
Describe at least three supply chains that provide products to your school book store. do they use cooperative supply chain methods to help reduce their costs
Supply chain management (SCM) has become “a highly sophisticated, technology-dependent, and collaborative discipline that combines the business functions of purchasing, operations, inventory management and warehousing.
To learn more about Supply chain management from the given link:
https://brainly.com/question/15217906
#SPJ4
Troy will receive $7,500 at the end of year 2. At the end of the following two years, he will receive $9,000 and $12,500, respectively. What is the future value of these cash flows at the end of year 6 if the interest rate is 8 percent?.
The future value of these cash flows at the end of year 6 if the interest rate is 8 percent is $33445
In order to calculate your income for the long run, use the subsequent formula: Beginning Cash + Projected Inflows – Projected Outflows = Ending Cash. Start together with your current balance. Add within the amount you expect to earn during the set period you're forecasting. The Closing Balance is the amount of money at the top of the month (last day of month).
The Closing Balance is calculated by the subsequent equation: Closing Balance = Opening Balance add Total of Income less Total of Expenditure. Future Value (FV) Formula may be a financial terminology accustomed to calculate the worth of money flow at a futuristic date as compared to the first receipt.
Net income may be a profitability metric that represents the number of cash produced or lost by a business interest rate during a given period. Usually, you'll be able to calculate net income by figuring out the difference between your business's cash inflows and cash outflows.
learn more about interest rate:
brainly.com/question/25793394
#SPJ4
after-tax cost of debt ll incorporated's currently outstanding 8% coupon bonds have a yield to maturity of 13%. ll believes it could issue new bonds at par that would provide a similar yield to maturity. if its marginal tax rate is 30%, what is ll's after-tax cost of debt? round your answer to two decimal places.
Cost of debt = 12(1-.30) = 8.40% if the marginal tax rate is 30%.
The marginal tax fee is the quantity of additional tax paid for every additional greenback earned as profits. The common tax fee is the full tax paid divided by the general profits earned. The marginal tax charge is critical because it will let you apprehend the tax outcomes of earning additional income or taking sure deductions.
The marginal tax rate is essential as it let you recognize the tax effects of income extra profits or taking positive deductions. Issuing bonds is one manner for companies to elevate money. A bond functions as a mortgage between an investor and an organization. The investor consents to provide the organization with a certain sum of money for a selected time frame. In alternate, the investor gets periodic interest payments.
Incorporated's currently outstanding = 8%
coupon bonds have a yield to maturity = 13%
marginal tax rate = 30%,
cost of debt
= 12(1-.30) = 8.40%
Learn more about marginal tax here:-https://brainly.com/question/14145043
#SPJ4
financial management requires both short-term activities as well as long-term planning such as raising funds.
Financial management requires both short-term activities as well as long-term planning such as raising funds.TRUE
Financial management is the workout of handling an agency's budget in a manner that permits it to be successful and compliant with guidelines. That takes each a high-stage plan and boots-on-the-ground execution.
Economic management is the agency characteristic concerned with profitability, fees, coins, and credit, just so the agency may also have the way to carry out its goal as satisfactorily as feasible; the latter is often described as maximizing the rate of the firm for stockholders.
Learn more about Financial management here:-https://brainly.com/question/989344
#SPJ4
In the market for a common property resource, the unregulated market outcome will occur at what point?
In the market for a common property resource, (CPR) tends to be in particular susceptible to depletion and degradation. This creates troubles for sustainable development and for useful resource stewardship in standard considering the fact that among the key worldwide assets are not unusual belongings.
Commonplace assets (environmental) are natural assets owned and managed collectively by using a community or society as opposed to by individuals.
Two defining characteristics of a common resource are contention and nonexcludability: Nonexcludabiity- regarding common resources, non-excludability refers to the inability to exclude others from using the resource.
Common property resources are (renewable) natural assets wherein current immoderate extraction reduces future resource availability, and the usage of which is de facto restrained to a selected set of retailers, inclusive of inhabitants of a village or contributors of a community; consider community-owned forests, and coastal fisheries.
Learn more about Common property resources here: https://brainly.com/question/9052855
#SPJ4
the marketing mix for marketing focuses on a specified group, while the marketing mix for marketing is used to generally appeal to everyone
Target marketing is the mix for marketing focuses on a specified group, while the marketing mix for marketing is used to generally appeal to everyone.
Marketing is the interest, set of establishments, and methods for creating, communicating, turning in, and replacing offerings that have value for customers, clients, partners, and society at huge.
It's miles, in quick, a movement taken to carry attention to a commercial enterprise' services; they can be bodily goods for sale or services presented. not unusual examples of advertising at paintings encompass tv advertisements, billboards on the side of the street, and mag classified ads.
The 4 ps of marketing and marketing—product, fee, place, and merchandising—are often called the advertising and marketing mix. those are the important thing elements involved in making plans and advertising and marketing a product or service, and they have interaction significantly with every other.
Learn more about marketing here:https://brainly.com/question/25754149
#SPJ4
The three most important items to keep in mind when reviewing an income statement are?
The three most important items to keep in mind when reviewing an income statement are:
GAAPCash verses non-cash items.Time and costs.The four basic financial statements.In Financial accounting, there are four (4) basic financial statements and these include the following:
Income sheetStatement of retained earningsBalance sheetStatement of cash flowsWhat is an income statement?An income statement can be defined as a type of financial statement which is typically used by an entrepreneur or business firm to record the amount of money (revenues) that are entering or flowing into the business.
What is GAAP?GAAP is an abbreviation for Generally Accepted Accounting Principles and it comprises the financial accounting standards, procedures and principles that must be used by all public institutions that are operating in the United States of America.
In conclusion, the three most important items to keep in mind when reviewing an income statement are:
GAAPCash verses non-cash items.Time and costs.Read more on GAAP here: brainly.com/question/16014008
#SPJ4
if, for a particular consumer, the marginal utility of ties is greater than the marginal utility of shirts, this consumer should: a buy the same amount of each. b not do anything until more information is available. c buy more ties and fewer shirts. d not buy any ties or shirts. e buy more shirts and fewer ties.
If the marginal value of ties is higher for a certain customer than the marginal utility of shirts, that consumer should wait until further information is available before taking any action.
How Does Marginal Utility Work?
The additional pleasure a consumer has from owning one extra unit of an item or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy.
When the overall utility is increased by the consumption of an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit.
to know more about Marginal Utility
https://brainly.com/question/15050855
#SPJ4
The lower the personal cost of helping others, _____.
a. the more help we offer
b. the less help we offer
c. the higher the marginal benefit
d. the lower the marginal benefi
The lower the personal cost of helping others, a. the more help we offer.
An example of help is a person who is going out of his manner to aid you. help method to offer aid or assistance, or to improve a state of affairs. An instance of assistance is while you mow your older neighbor's garden for free. An example of assistance is whilst tutoring makes your grades get better.
Helping others improves social interaction, distracts human beings from their very own troubles, and improves and competence. bodily properly-Being - supporting others leads to expanded social integration which allows people to steer greater active existence.
The phrase is recorded as a cry of misery from overdue 14c. The experience of "serve a person with meals at desk" (1680s) is translated from French servir "to help, stead, avail," and led to supporting (n.) "part of food."
Learn more about helping here:https://brainly.com/question/1379986
#SPJ4
grocers inc. is a grocery store that believes in and practices green marketing. grocers inc. wants to improve the environment. to do so, grocers inc. does all of the following except .
Grocers Inc. is a grocery store that believes in and practices green marketing. Grocers Inc.Environment plays an important role in healthy living and the existence of life on planet earth. Earth is a home for different living species and we all are dependent on the environment for food, air, water, and other needs. Therefore, it is important for every individual to save and protect our environment.
The history of grocery begins with a dealer who sold by the gross that is, in large quantities at discounted retail prices. A grocer in medieval England was a wholesaler, and the name is derived from an Anglo-French word having the same meaning, grocer.
On this page, you can discover 19 synonyms, antonyms, idiomatic expressions, and related words for grocery, like foodstuff, Tesco, grocery-store, vegetable market, food market, supermarket, food store, greengrocery, corner-store, confectionery, and frozen food.
Learn more about Grocers here
https://brainly.com/question/23103804
#SPJ4
Which appears to provide the best opportunity for increases in productivity? a. labor b. raw materials c. management d. capital
Capital appears to provide the best opportunity for increases in productivity. Capital is often cash or liquid assets maintained or earned for the purpose of spending. In a larger sense, the phrase can refer to all of a company's monetary assets, such as its equipment, real estate, and inventory.
Capital in business refers to the funds required for a company to run and grow. Cash on hand and accounts receivable are common forms of capital, as are close cash, equity, and capital assets. Capital assets are long-term assets that are not intended to be sold as part of your ordinary operation.
To learn more about Capital, click here.
https://brainly.com/question/679709
#SPJ4
The health care sector constituted what percentage of the u.s. gross domestic product in 2014?
The health care sector constituted 17.1% percentage of the u.s. gross domestic product in 2014. GDP quantifies the monetary worth of final products and services. It includes all of the output produced within a country's borders.
Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced by countries in a given time period. Because of its complexity and subjectivity, this metric is frequently changed before being regarded a credible indication. GDP (nominal) per capita, on the other hand, does not account for changes in the cost of living and inflation rates among countries.
To learn more about GDP, click here.
https://brainly.com/question/15171681
#SPJ4
The nonownership theory of oil and gas borrows from rules that the court had applied to?
Non-ownership theory of oil and gas borrows from rules that the court had applied to the wild animals and migratory birds and it had not applied to fructus naturales, minerals, and subterranean water.
Let's define what non-ownership theory of oil and gas first. According to this argument, a landowner doesn't genuinely own any oil or gas.
Non-Ownership vs. Ownership vs Correlative Rights:
Unlike ownership theory, which contends that landowners may sever oil and gas by deed just as they might sever minerals or a section of the surface itself, non-ownership theory does not make this claim.
However, there is a process known as the doctrine of correlative rights that really extends the entitlement of all landowners to share in a single supply of oil and gas.
Find out about the law that assume the owner of an oil or gas well is able to claim all that is pumped from it regardless of whether the oil or gas migrated from adjacent property: https://brainly.com/question/14766445
#SPJ4
A small community of people who share beliefs, experiences, customs, traits, and values can best be described as a __________. a. subculture b. local culture c. world culture d. popular culture please select the best answer from the choices provided a b c d
A small community of people who share beliefs, experiences, customs, traits, and values can be described as local culture. Thus, option b is the answer.
Cultures refer to the traditions, social beliefs, customs, language, food, clothing, rituals, and superstitions followed by a group of people. In our world, we can have various forms of cultures as the world is a diverse land with numerous religions and kinds of human beings.
A subculture refers to a small cultural group within a larger culture group. The beliefs of this small culture group do not match those of the larger group.
World culture constitutes the various ways in which all the nations of the world pay attention to global issues and come forward to solve them together.
Popular culture refers to the culture that follows the ordinary stream of life. This culture is not usually followed by the elite classes of society.
Local culture refers to the culture that is followed in the locality of a group or neighborhood.
To learn more about culture,
https://brainly.com/question/12718739
https://brainly.com/question/3181478
#SPJ4
Answer:
The answer is B local Culture! Hope this helps!
Explanation:
I got it right on Edge!
Have a great day! :]
If consumer income increases, the demand for chili peppers shifts from d 0 to d 1. this implies that chili peppers are a(n)?
If consumer income increases, the demand for chili peppers shifts from d 0 to d 1. this implies that chili peppers are Inferior Goods.
What are inferior goods?A good whose demand decreases as people's wages increase is referred to as an inferior good in economics. As the economy and earnings growth, these products lose popularity as people start purchasing more expensive alternatives.
In economics, demand for subpar products declines as income rises or the economy grows. When this occurs, consumers will be more eager to spend money on more expensive alternatives. The quality or a change in the socioeconomic level of the consumer could be a few of the causes of this transformation.
Anything a customer would demand less of if they had a higher level of real income is an inferior item, which is the reverse of a normal good. Additionally, they might be linked to those who are often from lower socioeconomic classes.
Therefore, as earnings decline or the economy weakens, the demand for subpar products rises. When this occurs, less expensive products can replace more pricey ones at a lower cost.
For more information on Inferior goods, refer to the given link:
https://brainly.com/question/24100151
#SPJ4
Which profession has trouble finding work if a country's educational system has produced more than the country can employ?
The U.S. Bureau of Labor Statistics (BLS) reports that as educational attainment grows, incomes rise and unemployment declines. educational system.
The graphic compares workers according to their degree of education and demonstrates that those with more education earn more money and experience lower unemployment rates. However, another important factor in enhancing India's educational system is teacher preparation. In addition to demonstrating how the teachers are current with technological advancements, proper training also advances the nation's educational system. Students can be taught properly by teachers who have the necessary training and skills. The productivity of an economy increases as the number of educated people rises because competent workers can complete jobs more quickly. Equal opportunities for employment and education increase the value of an economy.
Learn more about educational system hear:
https://brainly.com/question/1044994
#SPJ4
The text compares two studies on the profitability of slavery: one by phillips and the other by conrad and meyer. the main reason for the difference in their results is?
Phillips failed to account for the effect of the rising marginal product on profitability.
What is Marginal Product?The marginal product or marginal physical productivity of an input (factor of production) in economics, and especially in neoclassical economics, is the change in output that results from using one more unit of a specific input (for example, the change in output when a firm's labour is increased from five to six units), assuming that the quantities of other inputs are kept constant.
The slope of the total product curve i.e. the production function plotted against labour usage for a constant level of capital input usage represents the marginal product of labour.
To know more about Marginal Product, visit
https://brainly.com/question/13623353
#SPJ4
What might shift aggregate demand?
a) loss of business
b) confidence technological
c) innovation production
d) inputs raw materials
Inputs raw materials might shift aggregate demand.
Demand is the amount of a great that clients are willing and capable of purchase at various expenses throughout a given time. the relationship between price and amount demand is also called the call for curve.
Demand is the quantity of customers who are inclined and in a position to shop for merchandise at numerous costs in the course of a given period of time. demand for any commodity implies the purchasers' preference to acquire the best, the willingness and capability to pay for it.
As an example, if a patron is hungry and buys a slice of pizza, the first slice may have the greatest advantage or application.
Learn more about demand here:https://brainly.com/question/1245771
#SPJ4
Determining the worst payoff for each alternative and choosing the alternative with the best worst is called?
Determining the worst payoff for each alternative and choosing the alternative with the best worst is called Laplace.
What is alternative?
Alternative is a term used to describe something that deviates from accepted norms. One example of an alternative medical procedure is acupuncture. Alternative Use denotes a use for the asset that was not conceivably possible prior to the loss. One exception is that newer equipment could come with features that weren't even thought of when the old, broken equipment was purchased. You cannot avoid making those improvements.
Therefore,
Determining the worst payoff for each alternative and choosing the alternative with the best worst is called Laplace.
To learn more about alternative from the given link:
https://brainly.com/question/27191287
#SPJ4