1 Chess is generally reckoned to be primarily a tactical game, whereas Go has more of a balance of strategy and tactics.  Initiative - In both games having the initiative can give one control of the course of the game (for a while, at least).
1 Income effect-Inventory and cost of goods sold are interdependent. 2  As a result, if LIFO method is used in a rising-price and increasing-inventory environment, more of the higher-cost goods (last ones in) will be accounted for in COGS as opposed to FIFO.IFO will use the cost of the old stock to determine the COGS, making the profitability ratio less reflective of the current economic reality. As a general rule, in a rising-price and stable-or increasing-inventory environment,using profitability measures based on LIFO is better.
Recall that the consumer surplus is calculating the area between the demand curve and the price line for the quantity of goods sold. Assuming that there is no shift in demand, an increase in price will therefore lead to a reduction in consumer surplus, while a decrease in price will lead to an increase in consumer surplus. Consumer Surplus: An increase in the price will reduce consumer surplus, while a decrease in the price will increase consumer surplus. Below are two scenarios that illustrate how changes in price can affect consumersâ surplus.