1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alja [10]
3 years ago
15

EuroRail and Swiss Rail are hypothetical railways that have a duopoly on the route that connects the cities of Zurich and Munich

. Both are considering adding an additional daily train to this route. The payoff matrix shows the payoffs for each railway, where Swiss Rail values are in italics and EuroRail values are in bold. Assume that both companies have complete knowledge of the other's payoff matrix. Add train Add train $4,000 $1,500 $2,000 $4,000 Do not add train $7,500 $2,000 $3,000 $3,000 Do not add train Select the answer that best describes the strategies in this game. O Both companies dominant strategy is to add the train. EuroRail's dominant strategy is to add the train, whereas Swiss Rail does not have a dominant strategy. Neither company has a dominant strategy. EuroRail's dominant strategy is to not add the train, whereas Swiss Rail's dominant strategy is to add the train. Does a Nash equilibrium exist in this game? O Yes, it exists in the lower left quadrant. O No, it does not exist. Yes, it exists in the upper right quadrant. Yes, it exists in the upper left quadrant.
Business
1 answer:
Wittaler [7]3 years ago
7 0

Answer:

Select the answer that best describes the strategies in this game.

  • Both companies dominant strategy is to add the train.

Does a Nash equilibrium exist in this game?

  • A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).

Explanation:

we can prepare a matrix to determine the best strategy:

                                                  Swiss Rails

                                     add train             do not add train

                                    $1,500 /             $2,000 /

           add train                     $4,000                $7,500

EuroRail

      do not add train    $4,000 /             $3,000 /

                                               $2,000                $3,000

Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.

EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.

A Nash equilibrium exists because both companies' dominant strategy is to add a train.

You might be interested in
Lito is working with a discount broker.Which service would Lito not be likely to receive?
EleoNora [17]

Answer: face to face consultations

7 0
3 years ago
When did the ringling brothers organize their first small circus?
deff fn [24]
In 1884. The ringling brothers organized their first small circus.
3 0
2 years ago
You are a senior manager at a U.S. automobile company investing in production facilities in China, Russia, or Germany. These fac
Dvinal [7]

Answer:

In general, China, Russia and Germany are three big countries; the automobile company will get benefits if it chooses any of the three countries, but it also faces some challenges. It is well known in Germany that the automobile industry is very powerful. If the company chooses to invest in Germany, it will face numerous competitors. Also, in Russia, the trade barriers will be obstacles for the entry of the automobile company. However, with China's low cost labor and large potential domestic market make it an attractive destination for the direct foreign investment.

Explanation:

4 0
3 years ago
Apartments is a ​-unit apartment complex. When the apartments are​ 90% occupied, monthly operating costs total $220,040. Whe
AnnyKZ [126]

Answer:

Missing word <em>"Use the​ high-low method to determine operating cost equation y=$_____, x + $ = ____" </em>

<em />

Cost on (800*90%)=720 units is 220,040

Cost on (800*80%) = 640 Units is 215,480

Variable cost per unit = Changes in total cost/High activity-low activity = 4560 / 80 = $57 per unit

Fixed cost = Total cost - Variable cost = 220,040 - (720*$57) = 220,040 - 41,040 = $179000

<u>Cost equation: </u>

Total cost = Fixed cost + Variable cost per unit

Y = 179000 + 57X

Y = 179000 + (57*440)

Y = $204,080

3 0
3 years ago
Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete). Start
zimovet [89]

Answer:

Part (a)

Equivalent units for materials using the weighted-average method is 70500 units

Part (b)

Equivalent units for conversion costs using the weighted-average method is 52735 units

Explanation:

                              Transferred Out(eqiv)    Ending Inventory(equiv)     Total

Materials                      49600                              20900                         70500  

Conversion Cost         49600                                3135                           52735

<u><em>Equivalent units for materials</em></u>

Transfered Out Units are 100% complete in terms of materials. Hence 49600 equivalent units.

Ending Inventory is 100% complete in terms of materials hence 20900 equivalent units.

<u><em>Equivalent units for Conversion Costs</em></u>

Transfered Out Units are 100% complete in terms of Conversion Costs. Hence 49600 equivalent units.

Ending Inventory is 15% complete in terms of materials hence 3135 equivalent units.

5 0
3 years ago
Other questions:
  • What is the difference between sole proprietor and self employed
    5·1 answer
  • The new ASC Topic 606 for revenue recognition:
    13·1 answer
  • 10 times as as 100 is
    14·1 answer
  • The more information/cues a medium sends to the receiver, the ____ the medium is considered.a. Quicker b. Fuller c. Wider d. Ric
    8·2 answers
  • The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves
    10·1 answer
  • Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Pro
    10·1 answer
  • Valley Spa purchased $10,200 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $10,200.
    13·1 answer
  • A publishing company has estimated the following cost probability distribution for the next year. What is the expected cost to t
    14·1 answer
  • What would be a good business to start with a friend?<br> (Explanation not needed.)
    6·1 answer
  • Many companies moved their operations from new england and the midwest to locations in the south because
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!