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Bess [88]
2 years ago
12

Two firms decide whether to launch a new product: (i) If both firms choose to launch a new product, then each firm will receive

$40 million due to incurring new expenses; (ii) if just one firm chooses to launch a new product, the firm launching a new product grabs market share from the other firm, and will receive $30 million, while the other firm which chooses not to launch will receive $45 million; (iii) if neither firm choose to launch a new product, then each firm will receive $50 million from current market. Assume both firms wants to maximize its revenue, so what will be their best move
Business
1 answer:
lisabon 2012 [21]2 years ago
4 0

Answer:

don't launch

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing.

Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

The payoff matrix for this question is

                                     Launch (in millions)               Don't Launch  (in millions)  

Launch (in millions)                  $40, $40                      $30, $45

Don't Launch (in millions)         $45, $30                      $50, $50

It can be seen that the best strategy for each firm is not to launch because the payoffs of not launching ($45, $50) is greater than the payoff  of launching ($40, $30)

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natima [27]

Suppose Naomi promises Marina a raise if the set building delays stop. The type of behavior Naomi be exhibiting is "<u>theoretical-practical behavior</u>."

This is because <u>theoretical-practical</u> <u>behavior</u> is a type of behavior that is expressed due to a motivating reason or factor.

In order words, a <u>theoretical-practical</u> <u>behavior</u> is usually expressed by individuals because there is an expected reward.

Generally, there are three types of behaviors humans exhibit; these types of behaviors include the following:

  • The purely practical behavior;
  • The theoretical-practical behavior;
  • The purely theoretical behavior.

Hence, in this case, it is concluded that the correct answer is theoretical-practical behavior.

Learn more here: brainly.com/question/22766243

4 0
2 years ago
In the marketing mix, place includes ________.a. advertising
Diano4ka-milaya [45]

In marketing mix, place includes letter a, advertising. It is because a marketing mix is where a company influence its own consumers into having their products that they sell to be sold or purchase with the use of factors that they control and one of example of that is advertising.

4 0
3 years ago
Palmona Co. establishes a $270 petty cash fund on January 1. On January 8, the fund shows $181 in cash along with receipts for t
damaskus [11]

Answer:

      Journal Entry for establishing a Petty cash fund

Date      Particulars     Debit      Credit

Jan 1      Petty cash A/c     $270  

                    To Cash A/c                  $270

            (Being Petty cash fund established)

Journal Entry for reimbursement of petty cash

Date      Particulars             Debit      Credit

Jan 8     Postage A/c                  $36  

             Transportation A/c        $13  

             Delivery Expense A/c   $15  

             Miscellaneous Exp A/c $25  

                    To Cash A/c                           $89

            (Being reimbursement of petty cash expenses

             incurred from petty cash fund)

Journal entry for Increasing the limit of Petty cash fund

Date      Particulars             Debit      Credit

Jan 8     Petty Cash A/c             $50  

                   To Cash A/c                             $50

        (Being Petty cash fund limit extended to $320 i.e., we have

          to add $50 to existing fund in order to make it $ 320.)

6 0
3 years ago
25. A firm that uses weighted average process costing has 400 units in Beginning Inventory that are 80% complete. During the per
avanturin [10]

Answer:

Finished goods = $85,800

Ending inventory = $5,280

Explanation:

beginning WIP 400 units

$11,080

8000 units started

$80,000

units finished and transferred out = 8,000 + 400 - 600 = 7,800

ending inventory 600 units

80% complete

equivalent units = 7,800 + (600 x 80%) = 8,280

total costs = $91,080

cost per equivalent unit = $91,080 / 8,280 = $11

Finished goods = 7,800 x $11 = $85,800

Ending inventory = 480 x $11 = $5,280

3 0
2 years ago
Ellie Inc., a calendar year C corporation, wants to make a gift to a charity that is deductible on its year 1 Form 1120. The gif
ZanzabumX [31]

Answer:

On or before April 15, year 2.

Explanation:

5 0
3 years ago
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