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Harrizon [31]
3 years ago
13

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in mi

llions of dollars) each company will earn depending on whether or not it advertises:
Pop Hop
Advertise Doesn’t Advertise
Fizzo Advertise 8, 8 15, 2
Doesn’t Advertise 2, 15 9, 9
For example, the upper right cell shows that if Fizzo advertises and Pop Hop doesn't advertise, Fizzo will make a profit of $15 million, and Pop Hop will make a profit of $2 million. Assume this is a simultaneous game and that Fizzo and Pop Hop are both profit-maximizing firms.
If Fizzo decides to advertise, it will earn a profit ofmillion if Pop Hop advertises and a profit ofmillion if Pop Hop does not advertise.
If Fizzo decides not to advertise, it will earn a profit ofmillion if Pop Hop advertises and a profit ofmillion if Pop Hop does not advertise.
If Pop Hop advertises, Fizzo makes a higher profit if it choosesto advertise .
If Pop Hop doesn't advertise, Fizzo makes a higher profit if it choosesto advertise .
Suppose that both firms start off not advertising. If the firms act independently, what strategies will they end up choosing?
Fizzo will choose not to advertise and Pop Hop will choose to advertise.
Both firms will choose to advertise.
Both firms will choose not to advertise.
Fizzo will choose to advertise and Pop Hop will choose not to advertise.
Again, suppose that both firms start off not advertising. If the firms decide to collude, what strategies will they end up choosing?
Fizzo will choose to advertise and Pop Hop will choose not to advertise.
Both firms will choose to advertise.
Both firms will choose not to advertise.
Fizzo will choose not to advertise and Pop Hop will choose to advertise.
Grade It Now
Sa
Business
1 answer:
Serga [27]3 years ago
3 0

Solution :

It is given that Fizzo and Pop Hop sells orange soda. Fizzo advertises about his drinks while Pop Hop does not advertises.

According to the matrix provided we can conclude that :

-- If Fizzo wishes to advertise about his soda drinks, he will earn a profit of 8 million dollar and if Pop Hop do advertises and a 15 million dollar if Pop Hop does not advertises.

-- If Fizzo does not advertise, it will earn profit of about 2 million dollar if Pop Hop advertises and 9 million dollar if Pop Hop does not advertises.

-- When Pop Hop wished to advertise , Fizzo will make a higher profit if he chooses to advertise.

-- When Pop Hop do not advertise, Fizzo will make a higher profit when it chooses to advertise.

And if both the firms acts independently and they start off not advertising, then --- both firms will advertise as both of them will earn highest profits each.

If both the firms collude and both firms start off not advertising, the strategies they will end up is that both the firms will not advertise as the joint profit will be maximized.

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3 years ago
Jamie would like to identify the similarities and differences among seven different types of flowers. Jamie should use a Venn di
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Jamie cannot use the Venn diagram as the best compare and contrast graphic organizer for his project. Thus, The correct answer is False.

<h3>What is a Venn diagram?</h3>

Venn diagram is used to compare elements of the same type. This includes cross-sectional circles where you write features that do not include each element, as well as the common ones.

This type of diagram is recommended when comparing two or three elements because you need a circle or space for each element, so it is not possible to compare several elements.

Thus, it is a lie to say that Jamie should use the Venn diagram in his project, because he needs to compare seven types of flowers and this does not happen using the Venn diagram, instead he should use a chart or similar that allows him to compare multiple elements. The correct answer is False.

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6 0
2 years ago
Question 8
Ghella [55]

Answer:

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I know the answer

8 0
3 years ago
Read 2 more answers
Slim made a single deposit of $5,000 in an account that pays 7.2% in 2015. What equal-sized annual withdrawals can Slim make fro
evablogger [386]

Answer:

annual withdrawals is  $1,393.87

Explanation:

given data

Amount Deposited = $5,000

Annual Interest Rate = 7.2%

First withdrawal =  2020

last withdrawal = 2025

solution

we consider equal sized annual withdrawals = x

so we can say that Amount Deposited amount will be as

$5,000 = \frac{x}{(1+0.72)^5} + \frac{x}{(1+0.72)^6} + \frac{x}{(1+0.72)^7} + \frac{x}{(1+0.72)^8} + \frac{x}{(1+0.72)^9} + \frac{x}{(1+0.72)^{10}}       ..........1

we take common here \frac{x}{(1+0.72)^{4}}

so

$5,000 = \frac{x}{(1+0.72)^{4}} \times ( \frac{1}{(1+0.72)^1} + \frac{1}{(1+0.72)^2} + \frac{1}{(1+0.72)^3} + \frac{1}{(1+0.72)^4} + \frac{1}{(1+0.72)^5} + \frac{1}{(1+0.72)^{6}} )      

solve it we get

x = $1,393.87  

so that annual withdrawals is  $1,393.87

7 0
3 years ago
Reethika is in a meeting and has an important question. The only coworker who can answer the question is in a different meeting.
Savatey [412]

Answer:

In the following situation:

Reethika is in a meeting and has an important question. The only coworker who can answer the question is in a different meeting.

The only way Reethika can get the answer without disturbing either meeting is:

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Explanation:

First of all, she can't send someone to look for her because that would disturb both meetings. Also, if she calls her that is also going to disturb both meetings. The only way she has is to send an e-mail or an SMS to her co-worker. However, that depends on the effect people can take upon her. Nevertheless, text messages like e-mails, SMS, or direct messages don't have a high level of disturbance. Considering most people have their cellphones in silence mode.

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