Matching Definition Choices

question 5

Multiple Choice

Matching
Definition choices:
-soft dough

• A)¹/2 cup liquid to 1 cup flour
• B)¹/3 cup liquid to one cup flour,
• C)1 cup liquid to 1 cup flour.
• D)¹/4 cup liquid to 1 cup flour..
• E)any ratio of liquid to flour mixture

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Definitions:

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Game Theory

The study of behavior in situations of interdependence. Used to explain the behavior of an oligopoly.

Dominant Strategies

In game theory, strategies that are best for a player, regardless of the strategies chosen by other players.

Payoff Matrix

In game theory, a diagram that shows how the payoffs to each of the participants in a two-player game depend on the actions of both; a tool in analyzing interdependence.