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
pshichka [43]
3 years ago
12

Assume that if you advertise and your rival advertises, you each will earn $4 million in profits. If neither of you advertises,

you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $1 million and the non-advertising firm will earn $5 million. If you and your rival plan to be in business for 10 years, then the Nash equilibrium is:
Business
1 answer:
tiny-mole [99]3 years ago
7 0

Answer:

The Nash Equilibrium is for both firms not to advertise

Explanation:

the payoff matrix should be something like this:

                                                           Firm B

                                         to advertise                not to advertise

         to advertise            $4 / $4                          $1 / $5

Firm A

         not to advertise     $5 / $1                          $10 / $10

Both firms' dominant strategy is not to advertise.

You might be interested in
Henry​ Crouch's law office has traditionally ordered ink refills 65 units at a time. The firm estimates that carrying cost is 40
Ronch [10]

Answer:

The answer is: the ordering cost will be $38

Explanation:

We have the formula for economic order quantity is:

EOQ = Square root of ( 2 x S x D / H)

in which: S ordering cost;

               D: Quantity demand

               H: carrying cost

For the law office to act at optimal level by ordering EOQ at 65 units a time, The ordering cost will be found be the equation:

65 = square root of ( 2 x S x 245 / 4.4) <=> 4,225 = (2 x S x 245) / 4.4 <=> 4,225 = 1225S/ 11 <=> S = $38

Thus, the ordering cost will be $38.  

4 0
3 years ago
I need a 6 sentences paragraph of What would your ideal mentor be like?
alexira [117]

My ideal mentor should have qualities including the ability and willingness to communicate to others; To be organised and prepare for future questions and to be prepared to help. The ability to listen and to comprehend with people. Being a mentor also means you should continue learning about what's going on in your your own social life school or the world at large. Last point, always be fair and always be kind!

Your welcome,

6 0
3 years ago
At an architectural firm, all employees except administrative staff are allowed to work whatever hours they choose from monday t
Natali [406]

The answer to this question is flexitime.

<span>Flexitime is a system where in employees are working on a flexible working hour schedule that is agreed by the company management and the employees. An example of flexitime is when an employee is allowed to work at a schedule of 7am-4pm, 7:30am-4:30pm, and 8am-5pm. The employees can choose any of this schedules that is agreeable to them.</span>

8 0
3 years ago
"Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to)
jeyben [28]

Answer:

$5528000

Explanation:

Solution

Given that:

Now,

The 2018 estate tax exemption 11180000$ above that the estate inherited are taxed at 40%.

So,

25000000-11180000 = taxable estate 13820000$

The estate tax due= 13820000*40%

= 5528000$

Note: This is reference from Exhibit 25-1 and Exhibit 25-2.

8 0
3 years ago
At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 ga
Montano1993 [528]

Answer:

Option (a) is correct.

Explanation:

Average of quantity supplied:

= (70,000 + 30,000) ÷ 2

= 50,000

Percentage change in quantity supplied:

= (70,000 - 30,000) ÷ 50,000

= 0.8

Average of price change:

= (8 + 4) ÷ 2

= 6

Percentage change in price:

= (8 - 4) ÷ 6

= 0.667

Therefore,

Elasticity of supply in the market for gadgets:

= Percentage change in quantity supplied ÷ Percentage change in price

= 0.8 ÷ 0.667

= 1.2

6 0
3 years ago
Other questions:
  • Why is your amount owed considered when determining your credit score?
    10·1 answer
  • Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as foll
    5·1 answer
  • How do investment bankers generate revenues for their firms?
    10·2 answers
  • In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of wo
    13·1 answer
  • Next, imagine that you are a manager of a start-up company with limited cash and resources. In your initial post, describe the t
    8·1 answer
  • Item 17Item 17Deep Mining and Precious Metals are separate firms that are both considering a silver mining project. Deep Mining
    10·1 answer
  • In 20 words or fewer, name some other types of opportunity costs
    10·1 answer
  • Who is the first lady president in the world
    15·1 answer
  • Assume that current real GDP falls short of full-employment output by $400 billion and the marginal propensity to consume is 0.8
    6·1 answer
  • Difference between qualified and ordinary dividends
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!