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1. Consider the following payoff matrix
a. Does Player A have a dominant strategy? Explain why or why not.
b. Does Player B have a dominant strategy? Explain why or why not. 2. Analyze the following sequential game and advise Kodak about whether they should introduce the new product, Picture CD. 3.A math graduate student explains to her friend how to approach a group of smartattractive guys who have brought along famous actor Russell Crowe. What shouldher friend do? Ignore Russell Crowe or fixate on Russell Crowe? Explain the equilibrium reasoning underlying your answer. (Note: Best payoff-date with R.C., Better-date with other guys, Worse-no date tonight, Worst-nodate ever with any of these guys.) 4. American Export-Import Shipping Company operates a general cargo carrier service between New York and several Western European ports. It hauls two majorcategories of freight: manufactured items and semi manufactured raw materials. b. . What are the profit-maximizing levels of price and output for the twofreight categories? c. At these levels of output, calculate the marginal revenue in each market. 5. Phillips Industries manufactures a certain product that can be sold directly to retail outlets or to the Superior Company for further processing and eventual sale asa completely different product. The demand function for each of these markets is Retail Outlets: P1 = 60 - 2 Q1 Superior Company: P2 = 40 - Q2 whereP1 and P2 are the prices charged and Q1 and Q2 are the quantities sold inthe respective markets. Phillips' total cost function for the manufacture of thisproduct + 8(Q1 + Q2)5. a. Determine Phillips' total profit function. b. What are the profit-maximizing price and output levels for the product inthe two markets? c. At these levels of output, calculate the marginal revenue in each market. 8. The Pear Computer Company just developed a totally revolutionary new personal computer. It estimates that it will take competitors at least two years to produce equivalent products. The demand function for the computer is estimated to be ,500 - 0.0005Q The marginal (and average variable) cost of producing the computer is $900. a. Compute the profit-maximizing price and output levels assuming Pear acts as a monopolist for its product. c. Calculate the contribution to profit and overhead for each of the 10 time periods and prices.
explain in your own words how heredity and environmental forces have combined to affect your development. give one
Explain why you might or might not think hot coffee is as dangerous as the jury thought. Determine if a reasonable consumer should know if coffee can burn and thus, assumed the risk. Propose a way all fast-food restaurants and take-out restaurants ca..
Make a distinction between actions that are voluntary and involuntary. Have you ever been concerned with an action that was less than fully voluntary?
Should the government be able to give up its responsibility for the custody of an individual and engage in contracts with private organizations to provide privatization of prisons and jails?
the etiologies of depression are varied and include physiological psychological and environmental factors.nbsp
For a population of ? = 70 and ? = 20, find the z-score and percentile rank for each of the following X scores: 80, 100, 65, 40.
Traditionally, women tended to domestic chores and men earned the income. This model is less and less prevalent. Describe what is occurrring to family's traditional division of responsibilities.
Should engineering colleges require engineering students to take a class in engineering ethics? What function does such a course serve? Can such a course increase the chances that future engineers will behave ethically in their professional lives?
Identify the factors relating to global inequality and why power is such an important factor in maintaining global inequality.
given the following information use table b.4 in appendix b of statistics for people who think they hate statistics to
What can business owners do to help reduce their insurance costs? Can you give examples of the strategies a business owner might use to manage risk? How would an entrepreneur successfully exit from his or her own business? What exit strategies are av..
Consider the global impact of the Internet on public relations. How have the Web and social media platforms changed public relations from an international perspective? Explain. What is it about these communications channels that make them so useful f..
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