Why do economists refer to the methodology for analyzing oligopolies as game theory? economists refer to their methodology for analyzing oligopolies as game theory because, as in games, a. interactions among firms, which are players, are crucial in determining outcomes. b. firms employ strategies to attain their objectives. c. firms are governed by rules that determine what actions are allowable. d. firms seek profits, which are payoffs, that are the result of firm interaction. e. all of the above.

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40