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Aleksandr [31]
2 years ago
5

e payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing

in new capital or not investing in new capital. Firm B Invest Not Invest Firm A Invest 20 for A 70 for A 20 for B 5 for B Not Invest 5 for A 50 for A 70 for B 50 for B Firm A’s dominant strategy is to ______, and Firm B’s dominant strategy is to ______.
Business
1 answer:
Harman [31]2 years ago
7 0

Answer:

Invest

invest

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

firm a can either earn20 or 70 if it advertises or 5 or 50 if it does not advertise. this is the same for firm B.

Thus the option that would yield the highest payoff is for both firms to advertise.

this is an example of prisoners dilemma

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Would you want to work for a company that has chosen to be a conscious marketer? Why or why not? Support your decision by discus
grigory [225]

Answer:

You would want to work for one because it had a lower chance of getting closed or loosing money. A positive is wiser spending. A con is not taking all the risks.

Explanation:

Hope this helps!

8 0
2 years ago
Which of the following statements regarding "Six Sigma" is TRUE? The Six Sigma program was developed by Toyota in the 1970s Six
mestny [16]

Answer:

The term has two distinct meanings–one is statistical; the other is a comprehensive quality system.

Explanation:

Here, the point fact states that it will take a six standard deviation from the mean for an error to happen.

Six Sigma evolved to define numerous ideas within the business sphere and is sometimes confusing. Firstly, it's a statistical benchmark. Any business process, which produces less than 3.4 defects per 1 million chances is said to be efficient. A defect is anything produced outside of consumer satisfaction. Second, it is a training and certification program, which teaches the core principles of Six Sigma. Practitioners may achieve the Six Sigma certification belt levels, ranging from white belt to black belt. Finally, it's a philosophy, which promotes the idea that all business processes can be measured and optimized.

5 0
3 years ago
Adam Smith found that having employees focus on one task instead of many was more successful than having them learn a number of
Lunna [17]

Answer:

specialization

Explanation:

In order for labor specialization (or division of labor) to be successful, first the productive activities must be separated into smaller tasks, and then each worker will be responsible for performing just one task. That way the worker can specialize in performing that one task, and his/her efficiency should increase.

Labor specialization was the basic idea behind Henry Ford's moving assembly line. Each specialized worker was responsible for one manufacturing task and that decreased total production time and cost. The same concept applies today and the results are still the same.

8 0
2 years ago
Jim's Widgets creates mechanical tools that are used in factories. Use the table and the drop-down menus to answer these questio
Vladimir79 [104]

Answer:

The profit when the company makes five widgets is $30

To maximize profit, the company should produce 6 widgets per day

The company's profit would decrease by $17 if the company made seven widgets

Explanation:

i took the quiz.

4 0
3 years ago
The export of new world crops to the old world transformed european society mostly by.
stich3 [128]

The export of crops from the New World to the Old World transformed European society mainly by improving the diets of the population, which consequently increased population growth.

<h3 /><h3>How did the colonization of the new world benefit Europe?</h3>

The discovery of America by European explorers made the place known as the New World, due to the fact that there were lands and riches that were used by Europeans for the crops and exploitation of precious metals for the enrichment of the European metropolis.

Therefore, the colonization of the New World made Europe rich through the exploitation of the resources of the conquered lands, increasing the supply of raw materials and reducing the scarcity of society.

Find out more about colonization here:

brainly.com/question/1298215

#SPJ1

5 0
1 year ago
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