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Think of a time when you were involved in strategic decision making. This could be a business situation or a personal situation. It could be anything from buying inputs for a producing company, to dividing up household chores, to deciding whether we should we punt or go for the first down or kick a field goal?
a. Discuss your dominant strategy for the situation.b. What was the other personâ??s dominant strategy?c. What was your unique solution?d. Were you happy with the outcome?e. If someone was unhappy with the outcome,what dominant strategy should have been.
Please answer each part of the questions and use game theory terminology. Make sure that you have an adversarial situation with at least two parties.
A company uses two inputs to produce a final good. If the price of one of the inputs raise and price of the other remains the same
A company cost curves are listed in the following table. Assume market price is $30. calculate the firm's Total Variable Cost, Average Variable Cost.
Determine what will the sustainability movement look like over next twenty years? What issues do you expect to take center stage? How will business respond?
After a 10 percent price discount, a company found that its weekly sales increased by 30 percent. If the marginal cost (MC) of this product is $40 each, determine the optimal price for this product?
Discuss and explain the individual contributions that could be made through a cross-functional team to the following list of activities.
David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week.
Assume the economy is currently at potential output and the inflation rate is 8%. Assume the federal funds rate is currently 3%
As the manager of exploration for Chieftain Oil & Gas, you are assessing a new offshore oil recovery method that will recover oil and gas deep in the Gulf of Mexico.
Given output and Total Cost information in the Table below, Complete the following columns: Fixed Costs, marginal Cost, Variable cost, Average Total Cost columns.
An unprofitable company has employed me to determine whether they should shut down there unprofitable operation or not.
In most restaurants, waiters receive a big portion of their compensation through tips from customers. Generally, the size of the tip is decided by the customer. However, many restaurants require a 15 percent tip for parties of eight or more.
Based on a recent article in The Wall Street Journal, side impact crashes are among the deadliest, accounting for nearly 10,000 deaths every year.
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