Activity rates are calculated by a.dividing the budgeted activity cost by the total activity-base usage. b.dividing the total ac
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Answer: Please refer to Explanation
Explanation:
a) When both Hitachi and Toshiba engage in a limited campaign, they both earn $11 million.
If both engage in an extensive campaign they both earn $8 million.
However, if one firm engages in an extensive campaign and the other firm engages in a limited one, the firm engaging in a limited campaign earns $4 million while the one engaging in an extensive campaign earns $16 million.
I have attached a photo to show the payoff matrix as a table.
b) In the absence of a binding and enforceable agreement, that is to say that if both firms are not colluding, Hitachi's dominant strategy would be to engage in an EXTENSIVE PROMOTIONAL CAMPAIGN.
A Firm's dominant strategy in absence of an agreement is that strategy that a firm can go on and make a maximum amount of profit regardless of what the other firm does.
Should Hitachi engage in an Extensive Campaign, they will make $16 million in quarterly profit if Toshiba engages in a Limited Campaign. Should Toshiba also decide to engage in an Extensive Campaign, then Hitachi makes a profit of $8 million. This is therefore their best alternative as opposed to embarking on a limited Campaign where there is a chance that they will make $4 million.
With the Extensive Campaign, Hitachi's Minimum Payoff is $8 million.
c) The game is the same for both players so the best option for Hitachi, is the best option for Toshiba as well. This means that Toshiba's dominant Strategy is an EXTENSIVE PROMOTIONAL CAMPAIGN and their minimum payoff is $8 million as well.
The average time (in minutes) Americans spend commuting to work is: 26.9 minutes.
<h3>How to calculate the average time Americans spend commuting to work?</h3>To calculate the average time we must add all the values and then divide the result by the number of values. for example:
1 + 2 + 3 = 6 6 ÷ 3 = 2Based on the above, the operation to find the average time Americans spend commuting to work is:
23,3 + 28,3 + 24,6 + 32,1 + 31,7 + 25,8 + 38,1 + 24,9 + 26,8 + 23,4 + 28,5 + 28,1 + 29,3 + 24,4 + 23,0 + 24,8 + 26,2 + 23,4 + 28,4 + 20,1 + 32,2 + 21,4 + 23,8 + 30,7 + 24,8 + 23,6 + 25,3 + 31,7 + 43,8 + 22,0 + 27,1 + 34,2 + 28,3 + 25,0 + 26,4 + 23,6 + 23,4 + 25,8 + 20,2 + 26,1 + 24,8 + 32,6 + 28,5 + 27,3 + 26,8 + 24,0 + 20,1 + 32,8 = 1291,5
Then we must divide this result by the number of values.
1291,5 ÷ 48 = 26,9
Note: This question is incomplete because there is some information missing. Here is the information:
a. What is the mean commute time for these 48 cities? Round your answer to one decimal place.
Learn more about average in: brainly.com/question/2426692
Answer:
[a]. 10560, [b]. 14160, [c]. 7668.
Explanation:
[a]. In order to be able to solve this particular question we have to consider what is known as LINEAR PROGRAMMING.
We have the assumption that the function to be equals to 10A + 9B. The first step that we need to take here is to find the constraint for the linear programming relaxation which is;
1/2A + 5/6B 600.
1/10A + 1/4B 135. Thus, A
0 and B
With the help of excel solver and graphs, that we have the profit at $18 we are going have the value of A =300 and B =420. Therefore, the optimal solution = [300,420].
Thus, we have the objective function value to be = 10,560. [that is 10 * 300 + 420 * 18}.
[b]. For option b, where the profit increases to $20, the optimal solution lies on A =708 and B =0. Hence, objective function value = 14,160[ that is 20 * 708 + 0].
[c]. Here, there is increase in the sewing operation capacity to 750 hours. Therefore, we will have the value of A = 540 and B = 252.
Thus, the objective function value = 7668.