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Two Cigar makers are trying to determine whether or not to advertize their products on TV, and the effect on their profits. The Govt. is likely to ban Advt. related to Smoking on TV, and would charge a Penalty Surcharge Tax of $30m for any smoking advertisement on mass media. Profit Payoff Matrix If there a Dominant Strategy here, is it a Nash Equilibrium?
Select one: a. Does Not Advertize; Advertize b. There is No Nash Equilibrium c. Advertize; Does Not Advertize d. Does Not Advertize; Does Not Advertize e. Advertize; Advertize
Suppose you are offered the alternative of receiving either $2,007 at the end of five years or $1,500 today. There is no question that the $2,007 will be paid in full (i.e. there is no risk). Assuming that the money will not be needed in the next fiv..
Suppose that an economy’s production function is cobb-douglass with CRS(Y=AK^α * L^1-α ) and α=.3. What fractions of income do capital and labor receive? Suppose that the capital stock decreases by 15 percent. How much does output increase or decreas..
Many economists specializing in "growth theory" contend that developing countries may achieve strong economic growth by increasing the amount of capital and labor available for production, but that this type of growth strategy is incapable of support..
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Well point provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments (Bloomberg Busi..
Elucidate what is the calculation for a stock with a beta of -03, 07 and 1.6. Show calculations in 3 separate answeres.
Do you agree or disagree with the statement that " A mononpolist always charges the highest possible price"? Explain B.) why can’t an individual firm raise it price by reducing output or lower its price to increase sales volume in a purely competitiv..
The annual opperating cost of the new operating machine is $7,000. The company uses a 20% MARR. Calculate the annual equivalent total cost for each machine. Would you replace the old machine at this time?
How to interpret estimated coefficient and How to count tendency ratio between one category of certain independent to or category.
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
Illustrate what can the marketing director do to increase the explanatory power of a trade's equation.
Explain what happens in these two markets as the number of sellers drops to only one seller. explain how part, illustrates to the first experimental principle
What is the different between interpretation of coefficient in SLRM and MLRM? How does it relate to omitted variable bias? How about a linear versus nonlinear multiple regression model coefficients? (quadratic). What is the role of controls?
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